Citizens Financial Group, Inc. (CFG)
Citizens Financial Group is a regional bank serving consumers and businesses in the Northeast and Midwest.
CFG vs JPM: how the two businesses compare
- Bigger business: JPM, with $182.4B of yearly revenue, about 22× CFG's $8.2B.
- More profitable: JPM keeps 31 cents of each sales dollar as profit, against 22 cents at CFG.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
JPMorgan Chase (JPM) is the larger business by reported revenue: $182.4B in its fiscal year ended Dec 2025, about 22× CFG's $8.2B (fiscal year ended Dec 2025). CFG's net margin was 22.2% and JPM's 31.2%. The SEC places them in related industries (State Commercial Banks; National Commercial Banks), and both map to the Rates & central banks research theme.
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Financials
- Different
- Separate classifications
- December 31
- Same calendar
- Feb 13, 2026
CFG vs JPM: quick comparison
| Company fact | CFG | JPM |
|---|---|---|
| Company | Citizens Financial Group, Inc. | JPMorgan Chase & Co. |
| Exchange | NYSE | NYSE |
| Headquarters | — | New York, New York |
| Founded | — | 1799 |
| SEC industry | State Commercial Banks | National Commercial Banks |
| Fiscal year-end | December 31 | December 31 |
| Latest annual filing | 10-K · 2026-02-12 | 10-K · 2026-02-13 |
CFG vs JPM: audited financials
- Scale: JPM's $182.4B of revenue is about 22× CFG's $8.2B.
- Net margin: JPM kept 31.2% of revenue as net income versus 22.2% at CFG.
- Cash flow: operating cash flow is left out of this reading because lending, deposit, and trading balances run through it at banks, brokers, and insurers, so it does not measure earnings quality the way it does for an operating company.
- Periods: both fiscal years end on 2025-12-31, so these annual figures cover the same months.
| Metric | CFG | JPM |
|---|---|---|
| Revenue | $8.2B2025-01-01 to 2025-12-31 · SEC filing | $182.4B2025-01-01 to 2025-12-31 · SEC filing |
| Net income | $1.8B2025-01-01 to 2025-12-31 · SEC filing | $57.0B2025-01-01 to 2025-12-31 · SEC filing |
| Operating cash flow | $2.2B2025-01-01 to 2025-12-31 · SEC filing | −$147.8B2025-01-01 to 2025-12-31 · SEC filing |
| Diluted EPS | $3.862025-01-01 to 2025-12-31 · SEC filing | $20.022025-01-01 to 2025-12-31 · SEC filing |
| Net margin | 22.2%2025-01-01 to 2025-12-31 · SEC filing | 31.2%2025-01-01 to 2025-12-31 · SEC filing |
CFG: FY ending 2025-12-31 · JPM: FY ending 2025-12-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where CFG and JPM overlap, and where they don't
Overlap
- Related SEC industries: both sit in SIC major group 60.
- Shared research theme: Rates & central banks.
- Same fiscal calendar: both fiscal years end December 31.
Differences
- Different four-digit SIC codes: CFG is 6022 (State Commercial Banks); JPM is 6021 (National Commercial Banks).
- Only JPM maps to Economic trends.
- Scale: JPM reported about 22× the annual revenue of CFG.
- Profitability: net margin of 22.2% for CFG versus 31.2% for JPM.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
JPMorgan Chase & Co. (JPM)
JPMorgan Chase is the largest US bank by assets, with leading positions in consumer banking, investment banking, and asset management. Its scale and diversification make it a bellwether for the financial system.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves CFG
We have not yet published a company-specific driver list for CFG. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-12.
What moves JPM
- Net interest income, deposit margins, and revolving card balances
- Provision for credit losses and net charge-offs in Card Services and wholesale
- Investment banking fees and Markets revenue
- Assets under management and net inflows in Asset & Wealth Management
The investment question
You now know JPM reports about 22× CFG's revenue, and JPM keeps more of each dollar as net income. Those are the facts. The investment question is what each share price already assumes about their exposure to rates & central banks, including “Net interest income, deposit margins, and revolving card balances” at JPM, and which evidence in the next filings would prove that assumption wrong.
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. Both fiscal years end December 31, so annual reports line up, but check segment definitions before comparing growth or margins.
The current verified House and Senate snapshot contains 1 matched transaction row for CFG and 64 matched transaction rows for JPM. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
CFG primary filings
JPM primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
More comparisons involving CFG or JPM
CFG vs JPM FAQs
Are CFG and JPM direct competitors?
Not necessarily. Citizens Financial files as State Commercial Banks and JPMorgan Chase as National Commercial Banks. The pair is compared because both map to the Rates & central banks research theme, not because the filings show head-to-head competition.
Is CFG or JPM the bigger company by revenue?
JPMorgan Chase (JPM) is the larger business by reported revenue: $182.4B in its fiscal year ended Dec 2025, about 22× CFG's $8.2B (fiscal year ended Dec 2025). CFG's net margin was 22.2% and JPM's 31.2%. The SEC places them in related industries (State Commercial Banks; National Commercial Banks), and both map to the Rates & central banks research theme. Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, CFG or JPM?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this CFG vs JPM comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Citizens Financial Group, Inc. and JPMorgan Chase & Co. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-10-03. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-10-03. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
CFG vs JPM compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
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