JPMorgan Chase & Co. operates as a bank and financial holding company in the United States, rest of North America, Europe, the Middle East, Africa, the Asia Pacific, Latin America, and the Caribbean. It operates in three segments: Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management. The company offers deposit, investment and lending products, and …
Full JPM analysis →
Competitive advantage assessment
Key strengths
Strong Deposit FranchiseDeposit franchise strength is evident (profitability score 0.91).
Strong Net Interest MarginNet interest margin proxy is strong (score 0.89).
Key risks
Revenue Concentration RiskRevenue concentration is concerning (growth stability 0.29).
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
Upgrade to unlock the signals and evidence behind each defense.
Premium access
Unlock full defense analysis
Get key signals, strengths, and risks for every moat dimension.
JP Morgan Chase & Co. ranks #2 of 19
scored companies in Banks - Diversified by moat score — the top 11%.
The widest moat in the group is Bank of N.T. Butterfield & Son (NTB)
at 75/100.
Moat scores for companies ranked near JPM in Banks - Diversified
A deposit franchise is the cheapest and most valuable thing a bank can own.
Lending Advantage
Score 86
· 18% of the moat score
Lending advantage is the ability to originate loans at attractive spreads without buying that volume with looser credit standards.
Capital Strength
Score 64
· 20% of the moat score
Capital is the buffer between loan losses and insolvency, and it is what regulators judge a bank on first.
Cost Discipline
Score 70
· 16% of the moat score
Banking carries high fixed costs in branches, compliance and technology, so what it costs to run the bank relative to what the bank earns is a genuine competitive variable.
Revenue Diversification
Score 50
· 14% of the moat score
A bank earning everything from net interest income is a leveraged bet on the rate cycle.
Risk Management
Score 89
· 10% of the moat score
Risk management is the defense that only reveals itself late.
JP Morgan Chase & Co. (JPM) scores 71 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #2 of 19 scored companies in Banks - Diversified, the top 11%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 31 companies in Banks - Diversified. Its strongest defense is Risk Management (89/100) and its weakest is Revenue Diversification (50/100).
How does JP Morgan Chase & Co. compare with other Banks - Diversified companies?
JP Morgan Chase & Co. ranks #2 of 19 scored companies in Banks - Diversified by moat score. The widest moat in Banks - Diversified is Bank of N.T. Butterfield & Son (NTB) at 75/100. The companies ranked closest are Bank of N.T. Butterfield & Son (NTB) at 75 just above it and The Bank of New York Mellon Cor (BK) at 64 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Bank Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 31 companies in Banks - Diversified. The defenses are then weighted to produce the overall score out of 100.
Why is JP Morgan Chase & Co. scored with the Bank Specialized template?
A bank does not sell a product at a margin. It funds itself, lends at a spread, and books profits that remain an estimate until the loans are actually repaid. That makes the usual margin-and-return questions misleading, so the Bank template scores what really determines a bank's durability: where its funding comes from, what it lends against, how much capital stands behind it, and whether it has been pricing risk honestly.
Which competitive defenses are measured for JP Morgan Chase & Co.?
The Bank Specialized template measures 6 defenses, and JPM scores: Deposit Franchise (73), Lending Advantage (86), Capital Strength (64), Cost Discipline (70), Revenue Diversification (50), Risk Management (89). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
We value your privacy
We use cookies to enhance your browsing experience, analyze site traffic, and personalize content. By clicking 'Accept All', you consent to our use of cookies.
Read our cookie policy
Cookie Preferences
Manage your cookie preferences. Essential cookies are always enabled.