Figures as of the Nov 13, 2026 close. Updated after each trading day. Not a recommendation or a forecast.
From Nov 13, 2006 to the Nov 13, 2026 close, $1,000 in JPMorgan Chase (JPM) became $12,078 and $1,000 in Bank of America (BAC) became $1,416, with dividends reinvested.
From Nov 13, 2006 to Nov 13, 2026, JPMorgan Chase grew 13.3% a year and Bank of America grew 1.8%. The higher rate, JPMorgan Chase's, came with narrower daily swings. Volatility was 36.8% for JPMorgan Chase and 46.9% for Bank of America. The Sharpe ratio is the yearly return above a fixed 5% risk-free rate, per unit of volatility.
Sharpe ratios were 0.22 for JPMorgan Chase and −0.07 for Bank of America. A Sharpe ratio below zero means the yearly return was under 5%. Over the same dates, the price record shows deepest falls of 68.1% for JPMorgan Chase and 93.4% for Bank of America.
From Nov 14, 2006 to Nov 13, 2026, betas to the S&P 500 were 1.34 for JPMorgan Chase and 1.60 for Bank of America.
The $1,000 in JPMorgan Chase and the $1,000 in Bank of America swapped places 3 times at month ends. The latest swap came at the end of Sep 2007. Since then, the $1,000 in JPMorgan Chase has been worth more at every month end.
Across all 241 month ends, JPMorgan Chase's value was the higher one at 239 and Bank of America's at 2.
Relative to each other, the JPMorgan Chase and Bank of America values were furthest apart at the latest close, Nov 13, 2026. The $1,000 in JPMorgan Chase first doubled to $2,000 at a month end in Nov 2016. The $1,000 in Bank of America had not reached $2,000 by Nov 2026.
The $1,000 in JPMorgan Chase first stood at $10,000 or more at a month end in Jul 2025. The $1,000 in Bank of America had not reached $10,000 by Nov 2026.
Every row ends at the Nov 13, 2026 close. The "a year" columns give the yearly rate from each start date. The yearly rates were furthest apart over the last year. Over that span, JPMorgan Chase grew 14.0% a year and Bank of America fell 1.4%.
The rates were closest over the full span since Mar 1980: 13.3% for JPMorgan Chase and 10.7% for Bank of America.
Both had a lower rate over the last year than their 10-year rate. For JPMorgan Chase it was 14.0% against 18.9%, and for Bank of America −1.4% against 12.2%. $1,000 in Bank of America ended below $1,000 over the last year ($986).
| Period | $1,000 in JPMorgan Chase | $1,000 in Bank of America | JPMorgan Chase a year | Bank of America a year |
|---|---|---|---|---|
| Since both startedfrom Mar 17, 1980 | $338,345 | $113,084 | 13.3% | 10.7% |
| Last 20 yearsfrom Nov 13, 2006 | $12,078 | $1,416 | 13.3% | 1.8% |
| Last 10 yearsfrom Nov 14, 2016 | $5,650 | $3,176 | 18.9% | 12.2% |
| Last 5 yearsfrom Nov 12, 2021 | $2,349 | $1,229 | 18.6% | 4.2% |
| Last yearfrom Nov 13, 2025 | $1,140 | $986 | 14.0% | −1.4% |
At the Nov 13, 2026 close, JPMorgan Chase was 2.3% below its Aug 2026 month-end high. At the same close, Bank of America was 17.2% below its Jul 2026 month-end high. On daily closes, the deepest falls of JPMorgan Chase and Bank of America came in the same stretch.
JPMorgan Chase fell 68.1% from May 9, 2007 to Mar 9, 2009. Bank of America fell 93.4% from Oct 5, 2007 to Mar 6, 2009. JPMorgan Chase closed back at its old high on Jan 16, 2013, 3 years and 10 months after the low.
Bank of America closed back at its old high on May 6, 2021, 12 years and 2 months after the low. JPMorgan Chase was 20% or more below its high at 42 of 241 month ends. Bank of America was 20% or more below its high at 177.
The S&P 500's 2008 fall ran from its Oct 9, 2007 high to its Mar 9, 2009 low. Over those dates, JPMorgan Chase fell 64.9% and Bank of America 92.2%. The S&P 500's COVID fall ran from its Feb 19, 2020 high to its Mar 23, 2020 low. Over those dates, JPMorgan Chase fell 42.5% and Bank of America 47.6%.
The S&P 500's 2022 fall ran from its Jan 3, 2022 high to its Oct 12, 2022 low. Over those dates, JPMorgan Chase fell 33.9% and Bank of America 34.2%.
The bars cover 19 full calendar years, 2007 to 2025. JPMorgan Chase rose in 13 of them and Bank of America in 11. JPMorgan Chase's yearly change was higher in 15 years and Bank of America's in 4. Both rose in 11 and both fell in 6. In 2 years, one rose while the other fell.
Both had their lowest year in 2008: JPMorgan Chase −25.1%, Bank of America −63.1%. Their highest years were 2019 for JPMorgan Chase (+47.3%) and 2012 for Bank of America (+109.8%). The widest one-year gap between JPMorgan Chase and Bank of America came in 2012, one of the years above.
In 2025, the latest full year, JPMorgan Chase rose 37.3% and Bank of America rose 28.0%. JPMorgan Chase's yearly change was the higher one in each of the last 4 full years, 2022 to 2025.
These counts cover 120 full months, Nov 2016 to Oct 2026. JPMorgan Chase rose in 69 of them and Bank of America in 68. Both rose in 61, both fell in 44, and in 15 one rose while the other fell. Both had their largest monthly fall in Mar 2020: JPMorgan Chase −22.5%, Bank of America −25.0%.
JPMorgan Chase's largest monthly rise was +21.5% in Oct 2022, and Bank of America's +28.5% in Nov 2016. JPMorgan Chase's longest run of falling months was 6, ending in Apr 2022. Bank of America's longest run of falling months was 4, ending in Jun 2018.
The latest cell is a part month, from the Oct 30, 2026 close to the Nov 13, 2026 close. Over those days, JPMorgan Chase changed +2.7% and Bank of America +2.0%.
| J | F | M | A | M | J | J | A | S | O | N | D | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −4.6 | −1.8 | −2.0 | +7.0 | −4.4 | +9.4 | +8.0 | +1.2 | −7.1 | +2.4 | +2.7 | |
| 2025 | +12.1 | −1.0 | −7.3 | +0.3 | +7.9 | +9.8 | +2.7 | +1.7 | +4.6 | −0.9 | +0.6 | +2.9 |
| 2024 | +3.1 | +6.7 | +7.7 | −3.7 | +5.7 | −0.2 | +5.8 | +5.6 | −6.2 | +5.9 | +12.5 | −4.0 |
| 2023 | +5.1 | +2.4 | −9.1 | +6.9 | −1.8 | +7.2 | +9.4 | −7.4 | −0.9 | −3.4 | +12.2 | +9.0 |
| 2022 | −5.6 | −4.6 | −3.9 | −11.8 | +10.8 | −14.8 | +3.3 | −1.4 | −8.1 | +21.5 | +9.8 | −3.0 |
| 2021 | +2.0 | +14.4 | +3.4 | +1.6 | +6.8 | −5.3 | −1.9 | +5.4 | +2.3 | +4.4 | −6.5 | −0.3 |
| 2020 | −4.4 | −12.3 | −22.5 | +7.5 | +1.6 | −3.3 | +3.7 | +3.7 | −3.9 | +2.8 | +20.2 | +7.8 |
| 2019 | +6.9 | +0.8 | −3.0 | +15.5 | −8.7 | +5.5 | +4.5 | −5.3 | +7.1 | +7.0 | +5.5 | +5.8 |
| 2018 | +8.7 | −0.1 | −4.8 | −0.6 | −1.6 | −2.6 | +10.9 | −0.3 | −1.5 | −2.7 | +2.0 | −12.2 |
| 2017 | −1.4 | +7.1 | −3.1 | −0.4 | −5.6 | +11.3 | +1.0 | −1.0 | +5.1 | +6.0 | +3.9 | +2.3 |
| J | F | M | A | M | J | J | A | S | O | N | D | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −3.3 | −6.3 | −1.6 | +9.7 | −3.5 | +11.0 | +8.7 | −0.0 | −11.7 | −8.1 | +2.0 | |
| 2025 | +5.3 | −0.4 | −8.9 | −4.4 | +10.7 | +7.9 | −0.1 | +7.3 | +2.2 | +3.6 | +0.4 | +3.0 |
| 2024 | +1.0 | +2.2 | +9.8 | −2.4 | +8.1 | +0.1 | +1.4 | +1.1 | −2.0 | +5.4 | +13.6 | −7.0 |
| 2023 | +7.1 | −3.3 | −16.1 | +2.4 | −5.1 | +4.1 | +11.5 | −9.7 | −4.5 | −3.8 | +16.7 | +10.4 |
| 2022 | +3.7 | −4.2 | −6.3 | −13.4 | +4.3 | −15.8 | +8.6 | −0.6 | −9.6 | +19.3 | +5.0 | −12.0 |
| 2021 | −2.2 | +17.1 | +12.0 | +4.8 | +4.6 | −2.3 | −7.0 | +8.8 | +2.2 | +12.6 | −6.9 | +0.5 |
| 2020 | −6.8 | −13.2 | −25.0 | +13.3 | +0.3 | −0.8 | +4.8 | +3.5 | −5.8 | −1.6 | +18.8 | +8.3 |
| 2019 | +15.5 | +2.7 | −5.1 | +10.8 | −13.0 | +9.6 | +5.8 | −10.3 | +6.7 | +7.2 | +6.6 | +6.3 |
| 2018 | +8.4 | +0.3 | −6.2 | −0.2 | −2.5 | −2.9 | +9.5 | +0.2 | −4.3 | −6.7 | +3.3 | −12.8 |
| 2017 | +2.4 | +9.0 | −4.1 | −1.1 | −3.7 | +8.3 | −0.6 | −0.4 | +6.1 | +8.1 | +3.3 | +4.8 |
The rolling 1-year return is the change over the 12 months to each month end. From Nov 2007 to Nov 2026, JPMorgan Chase's rolling 1-year return ran from −44.0% (12 months to Jan 2009) to +84.7% (to Feb 2010). Over the same months, Bank of America's ran from −89.3% (12 months to Feb 2009) to +323.8% (to Feb 2010).
JPMorgan Chase's 12-month change was below zero at 64 of those 229 month ends, and Bank of America's at 105. JPMorgan Chase's 12-month change was the higher one at 150 month ends and Bank of America's at 77, and the two were level at 2.
These measures cover Nov 13, 2006 to Nov 13, 2026. Over those dates, volatility was 36.8% for JPMorgan Chase and 46.9% for Bank of America. The Sortino ratio counts only falling days as risk. Against the same 5% rate, Sortino ratios were 0.34 for JPMorgan Chase and −0.10 for Bank of America.
The Calmar ratio is the yearly return divided by the deepest fall. Calmar ratios were 0.19 for JPMorgan Chase and 0.02 for Bank of America.
Beta shows how much JPMorgan Chase and Bank of America tended to move on the days the S&P 500 (SPY) moved. A beta of 1 means moving by the same amount as the index. From Nov 14, 2006 to Nov 13, 2026, JPMorgan Chase's beta was 1.34 and Bank of America's 1.60.
By that measure, both tended to move more than the index. The correlation of JPMorgan Chase's and Bank of America's daily moves was 0.83, a close link. A correlation of 1 would mean they always moved together, 0 no link and −1 always opposite.
| Measure | JPMorgan Chase | Bank of America |
|---|---|---|
| Volatility, a year | 36.8% | 46.9% |
| Sharpe ratio | 0.22 | −0.07 |
| Sortino ratio | 0.34 | −0.10 |
| Calmar ratio | 0.19 | 0.02 |
| Deepest fall | 68.1% | 93.4% |
| Beta to the S&P 500from Nov 14, 2006 | 1.34 | 1.60 |
| Upside capturemonths from Dec 2016 | 117% | 124% |
| Downside capturemonths from Dec 2016 | 99% | 150% |
| Biggest one-day rise | +25.10%Jan 21, 2009 | +35.27%Apr 9, 2009 |
| Biggest one-day fall | −20.73%Jan 20, 2009 | −28.97%Jan 20, 2009 |
| Price against its 50-day average | +1.9% | −5.6% |
| Price against its 200-day average | +7.4% | −6.4% |
| Correlation of daily movesfrom Nov 14, 2006 | 0.83 | |
What JPMorgan Chase and Bank of America do, from each company's latest annual report filed with the US Securities and Exchange Commission.
JPMorgan Chase & Co. is a financial holding company incorporated under Delaware law in 1968, with operations worldwide. A financial holding company is a bank holding company permitted to engage in a wider range of financial activities.
The firm reports three business segments: Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management, with remaining activities in Corporate. Consumer & Community Banking offers products and services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
The filing calls it the consumer business and the other two segments the wholesale businesses. The headquarters is at 270 Park Avenue in New York City. The fiscal year ends on December 31.
Source: 10-K (fiscal 2025, ended December 31, 2025), filed Feb 13, 2026 (SEC EDGAR)
Bank of America Corporation is a Delaware corporation, a bank holding company and a financial holding company. Through bank and nonbank subsidiaries in the U.S. and international markets, it provides banking, investing, asset management and other financial and risk management products and services. Its clients include individual consumers, small and middle-market businesses, institutional investors, large corporations and governments.
It reports four business segments: Consumer Banking, Global Wealth & Investment Management, Global Banking and Global Markets, with remaining operations recorded in All Other. Its principal executive offices are in the Bank of America Corporate Center in Charlotte, North Carolina. Its fiscal year ends on December 31.
Source: 10-K (fiscal 2025, ended December 31, 2025), filed Feb 25, 2026 (SEC EDGAR)
JPMorgan Chase had the higher total return in every period on this page. From Mar 17, 1980 to the Nov 13, 2026 close, JPMorgan Chase returned +33,734% in total and Bank of America +11,208%. Both include reinvested dividends, before taxes and fees. Over the last 10 years, JPMorgan Chase returned +465% and Bank of America +218%.
Over the last 5 years, JPMorgan Chase returned +135% and Bank of America +22.9%. Over the last year, JPMorgan Chase returned +14.0% and Bank of America −1.4%. None of these JPMorgan Chase and Bank of America figures is a forecast.
SmartFin does not say which to buy. This page reports what JPMorgan Chase and Bank of America prices did. From Nov 13, 2006 to Nov 13, 2026, JPMorgan Chase grew 13.3% a year and Bank of America grew 1.8%. The record shows deepest falls of 68.1% for JPMorgan Chase and 93.4% for Bank of America.
Past returns for JPMorgan Chase and Bank of America do not show what either will do next.
Yes. Every JPM and BAC figure here uses closing prices adjusted for stock splits and dividends, so dividends count as reinvested. Taxes, fees and trading costs are left out of the JPMorgan Chase and Bank of America figures.
At the Nov 13, 2026 close, JPMorgan Chase was 2.3% below its highest month-end value, set in Aug 2026. At the same close, Bank of America was 17.2% below its highest month-end value, set in Jul 2026. JPMorgan Chase's deepest fall on daily closes was 68.1%, from May 2007 to Mar 2009.
Bank of America's deepest fall was 93.4%, from Oct 2007 to Mar 2009.
Compare JPMorgan Chase and Bank of America with your own amount and dates in Compare Two Stocks
Daily closing prices adjusted for stock splits, with dividends reinvested, before taxes and fees. Both amounts are invested at the same close and valued at the Nov 13, 2026 close. See also: What if you invested in JPMorgan Chase · What if you invested in Bank of America.
This page presents historical market data and calculated results for a defined period. It is not a recommendation to buy, sell, or hold the security, fund, or index shown. Past performance is not indicative of future results.