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JPMorgan Chase vs Wells Fargo: JPM and WFC compared
JPMorgan Chase is the larger company: $50.2B of revenue in its latest quarter (Q3 2026) against $21.9B for Wells Fargo (Q3 2026). JPMorgan Chase is growing faster (+8% against +2% a year earlier). JPMorgan Chase is more profitable, with an operating margin of 40.1% against 32.5%.
Where the money goes: JPM and WFC
JPMorgan Chase (JPM) · Q3 2026
JPMorgan Chase, Q3 2026: revenue $50.2B (+8% year over year), operating margin 40.1%, net earnings $15.3B, operating cash flow $33.2B. The chart follows the revenue to costs, profit and cash.
Wells Fargo (WFC) · Q3 2026
Wells Fargo, Q3 2026: revenue $21.9B (+2% year over year), operating margin 32.5%, net earnings $6.0B, operating cash flow $8.9B. The chart follows the revenue to costs, profit and cash.
| JPMorgan Chase (JPM) | Wells Fargo (WFC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $50.2B | $21.9B |
| Revenue growth, Y/Y | +8% | +2% |
| Operating margin | 40.1% | 32.5% |
| Net earnings | $15.3B | $6.0B |
| Net margin | 30.5% | 27.2% |
| Operating cash flow | $33.2B | $8.9B |
| Market value | $897.4B | $256.1B |
| P/E | 14.0× | 11.9× |
| Analysts’ mean target | $373.48 | $97.38 |
Questions
Which is bigger, JPMorgan Chase or Wells Fargo?
JPMorgan Chase is the larger company: $50.2B of revenue in its latest quarter (Q3 2026) against $21.9B for Wells Fargo (Q3 2026).
Is JPMorgan Chase or Wells Fargo growing faster?
JPMorgan Chase is growing faster (+8% against +2% a year earlier).
Which is more profitable, JPMorgan Chase or Wells Fargo?
JPMorgan Chase is more profitable, with an operating margin of 40.1% against 32.5%.
More: JPMorgan Chase earnings · how JPMorgan Chase makes money · Wells Fargo earnings · how Wells Fargo makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.