JPMorgan stays as a top global bank with the same prospects. Significant loses in extremely risky and speculative trades, lobbying, Enron, regular contributions, WorldCom, giant assets, high earnings, global mason's conspiracy and so on, try to guess what is it? Yes it's JPMorgan Chase & Co. Future financiers without financial company in its investment portfolio is like 'Hair about the heels'. So this riot bank is suit DW's philosophy. The video below is more aesthetic presentation of the company than smuth text. DW apologize for any inconvenience incurred due to 11 minute video. Video 1. JPMorgan Chase Information In fact, Consumer & Community Banking (C&C) and Corporate & Investment (C&I) Banking are the most profitable divisions of the bank, Chart 1. JPMorgan Net Profit by Divisions ($ bln) For the last 3 years C&C and C&I made approximately 80% profit of the financial holding. Well, it's sounds good, but for more detailed analysis for getting precise information about the bank financial ratios were classified by 4 groups. Table 1. JPMorgan Performances The first group is about bank's activity which estimates business efficiency. So, the table 1 shows that despite revenue fall and EBIT decrease by 2.4% and 3.6% respectively in 2015 against 2014 the net profit grew up by 13% in 2015 (chart 2), which was related to the total non-interest expenses decline by 18% in comparison with 2013 (chart 3). Chart 2. JPMorgan Revenue and Net Income ($ bln) Chart 3. JPMorgan Total Non-Interest expenses ($ bln) For the last two years the total costs were reduced by $10 billion and estimated $44.751 billion in 2015. Under this cost-cutting policy it is possible to gain the net profit growth. Table 2. JPMorgan Profitability Ratios The table 2 is about the second group. This group consists of profitability ratios which indicate an investment efficiency. According to this table, all ratios have a sustainable growth for the last three years except of dividend yield. By the way, the bank uses its own assets effectively and ROE proves the words. Also NPM increased by 10% and estimated 26.9% which was 6.9% above average industry level. It's a significant achievement for the bank. Finally JPMorgan has regular dividend payments and in 2015 the bank will pay $1.68 per share which is 7.7% more than in previous year (chart 4). Chart 4. JPMorgan Annual Dividend Payments Per Share, $ In order to determine if the company is undervalued or overvalued several specialists uses the ratios below. Table 3. JPMorgan Investment Ratios Lets start from the P/E. For the last three years it fall by $3.92 in comparison with 2013 and estimated $13.03 in 2015, whereas the average industry figure is about $16 at the same period. Than P/Sales ratio estimates $6.60 which is $1.22 less than in 2013. All these facts underlines the undervaluation of the company as the P/Book figure. The stock book value grew up to $59.67 per share, whereas the current market price is about $67.89. It's better for the company to have low P/FCF ratio. This ratio shows how much money it's possible to invest in business development, debt reduction, dividend payments and etc. In 2015 P/FCF reduced by 8.9% against 2014. Table 4. JPMorgan Debt Ratios The final group calculates potential investment risks. To be more precise, Debt/Equity ratio estimates $9.17 which is 4% and 16% less than in 2014 and 2013. According to this trend and the average industry level about $59 it is possible to conclude that JPMorgan carries out its commitment. Also LTDebt/Equity ratio proves previously mentioned statement because this ratio estimates $1.15 in 2015 which is $22.85 lower the industry standards. By the way, it's important to mention Debt/EBITDA has a quite high figure, that estimates $96.56 but it is $26 less than in 2013. Debt/ Net Profit ratio emphasizes debt cutting trend, which is 33.6% lower than in 2013 (Chart 5). These figures are related to the financial industry peculiarities, but 80% of the ratios are lower the average industry figures. Chart 5. JPMorgan Debt/Net Income Chart 6. JPMorgan (JPM) Daily Chart At the moment the share price of the holding is $67.89 which is 54.4% more than in 2013. For the last three years the stock shows a sustainable growth. After August 24, 2015 black day JPM continued to grow. On the one hand, two moving averages (MA) and RSI show that the share doesn't gained its local maximum an it will continue to go up. But on the other one, doji figure was formed month ago and resistance level (red line) emphasizes a potential trend reverse. And now the last question: Buy or not to buy M&A market monster? For the short-term investment it's a quite risky trade, but in the middle and long-term period it's a good investment and this stock will be the icing on the cake in the riot investment portfolio.