TickerBrief

Big banks compared

Updated September 4, 2026 — 6 companies: JPM, BAC, WFC, C, MS, GS.

The largest US banks compared: revenue, net margin and quarterly revenue, from their filings with the SEC. A bank's income statement carries no gross-profit or operating-income subtotal, so those columns are left out rather than shown empty.

At a glance

CompanyMarket capRevenueNet marginFree cash flow
JPM JPMorgan Chase & Co.$947.2B$199.4B32.6%—
BAC Bank of America Corporation$435.5B$119.2B28.2%—
WFC Wells Fargo & Company$258.3B$86.8B26.0%—
C Citigroup Inc.$228.5B$85.2B16.8%-$74.2B
MS Morgan Stanley$338.3B$78.0B25.8%—
GS The Goldman Sachs Group, Inc.$299.6B$66.2B31.7%-$41.5B

Revenue, margins and free cash flow cover the twelve months to Q2 '26 (C to Q4 '25, which has not filed since), summed from each company's quarterly filings with the SEC. Market capitalization is market data as of September 4, 2026. Companies are listed largest by revenue first. A column no company in this sector reports is left out rather than filled with dashes.

Share price and valuation

Share performance, one year
-19%20%58%Sep '25Nov '25Jan '26Apr '26Jun '26Sep '260.0%3.1%2.0%-0.5%1.8%-0.2%3.7%6.3%8.5%-0.9%4.8%0.8%-6.7%-6.6%0.7%3.1%-2.0%-0.9%9.8%11.2%13.6%18.2%15.7%18.0%0.0%3.0%0.0%2.8%5.8%2.8%6.6%10.4%11.0%2.8%9.4%3.3%-7.7%-6.7%7.3%5.6%-1.7%3.7%11.7%18.3%20.9%25.0%22.2%23.8%0.0%2.0%-1.4%5.1%6.5%2.8%9.8%15.2%16.8%7.6%12.3%5.5%-9.4%-6.1%-1.9%0.5%-10.3%-2.9%2.4%6.9%7.2%9.0%2.3%9.9%0.0%5.5%0.7%2.3%4.0%2.8%12.2%21.6%24.2%18.3%25.8%19.7%8.9%10.5%35.7%31.8%27.1%35.2%48.1%48.2%36.8%41.8%33.6%41.9%0.0%5.8%4.7%7.6%9.0%7.8%17.3%19.4%22.7%20.8%18.2%17.9%2.9%5.2%27.3%26.6%27.9%42.8%49.4%47.5%43.8%45.0%37.8%44.6%0.0%7.4%5.5%1.9%5.6%5.0%14.1%20.0%24.8%24.4%26.7%24.0%4.4%7.8%20.1%23.4%26.6%42.2%46.8%40.9%45.0%41.6%33.8%38.7%0.0%2.0%3.3%3.6%4.1%2.2%5.7%5.8%6.4%6.9%6.8%6.3%2.0%-2.4%8.0%10.9%13.9%17.0%14.1%15.9%15.5%18.8%17.5%18.7%

Percent change in the closing price since September 4, 2025, excluding dividends.

CompanyYTD return1-year returnP/E (TTM)P/S (TTM)Dividend yield
JPM JPMorgan Chase & Co.+11.3%+18.0%14.6×4.8×1.7%
BAC Bank of America Corporation+14.0%+23.8%12.9×3.7×1.8%
WFC Wells Fargo & Company-3.5%+9.9%11.4×3.0×2.1%
C Citigroup Inc.+18.0%+41.9%16.0×2.7×1.8%
MS Morgan Stanley+22.6%+44.6%16.8×4.3×1.9%
GS The Goldman Sachs Group, Inc.+18.2%+38.7%14.3×4.5×1.7%

Returns and dividend yields are market data — daily closing prices for each listing, with yield the trailing twelve months of dividends against the latest close. P/E and P/S divide the market capitalization above by the same trailing-twelve-month net income and revenue as the first table, so each ratio mixes market data with SEC filings. A dash under dividend yield means no dividend was paid in the window.

Size and cash generation

Revenue, trailing twelve months
JPMJPM$199.4BBACBAC$119.2BWFCWFC$86.8BCC$85.2BMSMS$78.0BGSGS$66.2B
Free cash flow, trailing twelve months
JPMJPMBACBACWFCWFCCC-$74.2BMSMSGSGS-$41.5B

Operating cash flow less capital expenditure. Bars below the line are cash burned, not generated.

Revenue by quarter

Quarterly revenue
$6.0B$35.0B$64.0BQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26$42.7B$42.8B$45.3B$44.9B$46.4B$45.8B$49.8B$57.3B$25.3B$29.3B$28.2B$27.4B$28.1B$29.3B$30.3B$31.6B$20.4B$20.4B$20.1B$20.8B$21.4B$21.3B$21.4B$22.6B$20.2B$19.5B$21.6B$21.7B$22.1B$19.9B$15.4B$16.2B$17.7B$16.8B$18.2B$17.9B$20.6B$21.3B$12.7B$13.9B$15.1B$14.6B$15.2B$13.5B$17.2B$20.3B

Company pages

Revenue, profit, margin and cash-flow figures come from the companies' filings with the U.S. Securities and Exchange Commission. Trailing-twelve-month totals are the sum of the four most recent reported quarters, which is why they can cover slightly different periods for companies with different fiscal calendars.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.