Capital One Financial Corporation (COF)
Capital One is a bank and card issuer focused on credit cards, auto lending, and digital banking.
Financials stock comparison
COF vs JPM: which business are you actually underwriting?
Compare Capital One Financial Corporation with JPMorgan Chase & Co. using their business models, SEC classifications, fiscal calendars, current primary filings, and the research questions that matter. This is a thesis framework—not a price target or automatic winner.
- Sector
- Financials
- Industry
- Same SIC
- Shared themes
- 1
- Updated
- 2026-02-19
COF vs JPM: quick comparison
| Company fact | COF | JPM |
|---|---|---|
| Company | Capital One Financial Corporation | JPMorgan Chase & Co. |
| Exchange | NYSE | NYSE |
| Headquarters | — | New York, New York |
| Founded | — | 1799 |
| SEC industry | National Commercial Banks | National Commercial Banks |
| Fiscal year-end | December 31 | December 31 |
| Latest annual filing | 10-K · 2026-02-19 | 10-K · 2026-02-13 |
COF vs JPM: audited financials
JPM reported about 3.4× the revenue of COF in the latest audited fiscal year. On profitability, JPM converted a larger share of revenue into net income (31.2% versus 4.6%). Scale and margin are starting facts for the thesis, not the verdict.
| Metric | COF | JPM |
|---|---|---|
| Revenue | $53.4B | $182.4B |
| Net income | $2.5B | $57.0B |
| Operating cash flow | $27.7B | −$147.8B |
| Diluted EPS | $4.03 | $20.02 |
| Net margin | 4.6% | 31.2% |
COF: 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.
How the businesses differ
Why this pair belongs in the comparison set
COF and JPM share the SEC industry classification “National Commercial Banks,” giving the comparison a primary-source operating relationship. A shared classification or theme makes the pair useful for a defined research question; it does not mean the companies have identical products, economics, or risks.
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.
The useful starting point is not which ticker has performed better. It is whether the two companies convert the same economic forces into revenue and cash flow in the same way. COF is classified by the SEC as National Commercial Banks, while JPM is classified as National Commercial Banks. The matching industry code strengthens the peer comparison, although product mix can still differ materially.
Members-only research
What members are reading this month
Sep 22, 2026
Meta jumped 11%. What must happen next to justify the price?A member research report on Meta’s AI rally: Muse, subscription economics, the cash-flow burden, legal costs and the earnings assumptions behind the new price.
Feb 23, 2026
Newmont and the gap between a gold rally and shareholder cashA February 23, 2026 historical cutoff tests whether portfolio simplification and cost control could turn stronger gold economics into cash.
The thesis, the numbers behind it, and what would break it. Full access is $15 a month.
Read the full researchWhich thesis does each company fit?
Use the distinction below to decide which filing deserves deeper work. It is a research routing rule, not a recommendation or prediction.
Study COF when…
- The shape of the yield curve and net interest margins
- Credit quality and loan-loss provisions
- Regulation and capital requirements
- Deal activity and market volatility
Study JPM when…
- 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
Shared research themes
Rates & central banks
SEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable.COF's fiscal year ends December 31, while JPM's ends December 31. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 13matched transaction rows for COFand 62 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.
COF 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 COF or JPM
COF vs JPM FAQs
Are COF and JPM direct competitors?
Capital One Financial Corporation and JPMorgan Chase & Co. share the SEC industry classification “National Commercial Banks.” That makes the operating comparison relevant, but it does not prove that every product, customer, or revenue stream competes directly.
Which is better, COF 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 COF 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 Capital One Financial Corporation 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 2026-09-25. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-09-25. Independent educational research; not investment advice.
A comparison is the setup. The thesis is the call.
COF vs JPM shows how the businesses differ. Membership is the monthly sourced view of who could benefit, what could break, and what evidence matters next. $15/month or $150/year.
Members-only research
$15/mo or $150/yr · cancel future renewals anytime · sources included