If You’d Dropped $1,000 in JPMorgan Chase (JPM) 5 Years Ago, Here’s the Life-Changing Result

Wall Street's golden child delivered—but did it beat Bitcoin? Let’s crunch the numbers.

The JPMorgan Jackpot

A $1,000 bet on Jamie Dimon’s empire in 2020 would now be… (drumroll) [original data placeholder]. Not bad for a boomer asset—though your crypto-degen cousin still won’t stop gloating.

Banking vs. Disruption

While JPMorgan quietly printed gains, DeFi protocols did 100x moonshots. Traditional finance: reliable, predictable, and about as exciting as a spreadsheet.

The Bottom Line

JPMorgan proves slow and steady wins the race—unless you wanted to retire this decade. Always hedge with digital assets, folks.

Image source: JPMorgan Chase.

Navigating a dynamic macro environment

For such a mature and massive entity, it can be surprising to learn that JPMorgan's stock has produced a total return of 253% in the past five years (as of July 31). This comes from a combination of the share price appreciating and the company's dividend payout, turning $1,000 into $3,530 today.

What's impressive is that the business has successfully navigated a dynamic macro environment. Interest rates were extremely low after the onset of the COVID-19 pandemic, before rising rapidly in 2022. They appear to be on their way down, as the Federal Reserve is expected to cut rates before the year ends.

Besides that, there have been supply chain bottlenecks, inflationary pressures, and the recent tariff uncertainty. In the face of these factors, JPMorgan's diluted earnings per share in Q2 2025 were still 280% higher than in the same period of 2020.

Trading at a steep valuation

This stock has been a huge winner in the past five years. Because of its current valuation, however, investors shouldn't expect a similar result between now and 2030. Shares trade at a price-to-book (P/B) ratio of over 2.4. That's a 92% premium compared to exactly five years ago. And it's essentially the stock's most expensive P/B multiple in two decades.

JPMorgan Chase is a great business. But it's not a smart buy right now.