Major Banks

Bank of America Corporation vs JP Morgan Chase & Co.

WatchlistBAC / JPMPrices through Nov 10, 2026

Why these are rivals: #1 and #2 by market value ($898B vs $343B) in Nasdaq's "Major Banks" industry; SEC SIC 6021 / 6021 (same major group); #1 and #2 by market value ($898B vs $343B) with SEC SIC 6021 (National Commercial Banks).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Mean reversion: ADF t-statistic of the spread: 0.17 (needs <= -2.873 (5% critical value))
  • Speed: half-life of the spread, sessions: 110.61 (needs <= 63)
Business leadership

JPM is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearBACJPMLarger
2025$113.1B$182.4BJPM
2024$105.9B$177.6BJPM
2023$102.8B$158.1BJPM
2022$95.0B$128.7BJPM
2021$89.1B$121.6BJPM
2020$85.5B$120.0BJPM

JPM led in every year with figures for both. Market value: BAC $342.7B, JPM $898.4B.

Stock leadership

JPM is ahead now

Measured against the pair's own last 252 trading days.

JPM leads BAC by 3.17 standard deviations: +14.5% over its usual price ratio. 5 lead switches in the last year.

Price change3 mo6 mo12 mo
BAC-21.8%-0.2%-4.7%
JPM-6.3%+12.2%+8.9%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2533 (needs >= 254)
Pass
Co-movement: daily return correlation, 252 sessions: 0.76 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: 0.17 (needs <= -2.873 (5% critical value))
Fail
Speed: half-life of the spread, sessions: 110.61 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

BAC Bank of America Corporation JPM JP Morgan Chase & Co.Price index, 100 = 2024-11-06. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150Nov 2024Nov 2025Nov 2026BAC 112JPM 138
Spread z-score: BAC relative to JPM, against the 252 sessions before each day. Above 0: BAC ahead; below 0: JPM ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopNov 2024Nov 2025Nov 2026
Data table (504 sessions)
DateBAC indexJPM indexzAhead
2026-11-10111.61138.46-3.17JPM ahead
2026-11-09111.32138.46-3.32JPM ahead
2026-11-06108.83135.39-3.41JPM ahead
2026-11-05109.58136.54-3.55JPM ahead
2026-11-04113.70142.52-3.82JPM ahead
2026-11-03109.36136.80-3.89JPM ahead
2026-11-02109.16137.85-4.31JPM ahead
2026-10-30110.13136.42-3.91JPM ahead
2026-10-29112.62139.07-3.96JPM ahead
2026-10-28111.98137.34-3.88JPM ahead
2026-10-27111.61135.91-3.79JPM ahead
2026-10-26111.25135.21-3.85JPM ahead
2026-10-23111.34134.21-3.70JPM ahead
2026-10-22112.49136.22-3.98JPM ahead
2026-10-21111.83135.67-4.20JPM ahead
2026-10-20111.52135.70-4.49JPM ahead
2026-10-19110.97135.00-4.69JPM ahead
2026-10-16112.82137.51-5.01JPM ahead
2026-10-15113.85135.81-4.32JPM ahead
2026-10-14113.17135.71-4.64JPM ahead
2026-10-13118.83134.15-2.13JPM ahead
2026-10-12120.19135.31-2.01JPM ahead
2026-10-09119.62134.78-2.05JPM ahead
2026-10-08118.06134.15-2.41JPM ahead
2026-10-07117.86133.40-2.25JPM ahead
2026-10-06119.11134.09-2.03JPM ahead
2026-10-05118.92134.53-2.24JPM ahead
2026-10-02118.37134.53-2.45JPM ahead
2026-10-01118.32134.86-2.58JPM ahead
2026-09-30119.86133.91-1.74JPM ahead
2026-09-29121.03135.59-1.86JPM ahead
2026-09-28122.15136.24-1.68JPM ahead
2026-09-25124.86138.86-1.55JPM ahead
2026-09-24123.39137.04-1.50JPM ahead
2026-09-23123.32136.62-1.39JPM ahead
2026-09-22123.76137.62-1.55JPM ahead
2026-09-21127.64142.49-1.73JPM ahead
2026-09-18127.13141.53-1.61JPM ahead
2026-09-17128.12141.39-1.23JPM ahead
2026-09-16127.50141.23-1.38JPM ahead
2026-09-15131.07142.67-0.64JPM ahead
2026-09-14130.96141.72-0.38near the usual relationship
2026-09-11138.05144.19+1.11BAC ahead
2026-09-10137.77143.11+1.34BAC ahead
2026-09-09138.01143.57+1.29BAC ahead
2026-09-08137.39143.09+1.26BAC ahead
2026-09-04138.03145.16+0.85BAC ahead
2026-09-03138.82146.55+0.70BAC ahead
2026-09-02137.86144.18+1.10BAC ahead
2026-09-01136.51143.67+0.84BAC ahead
2026-08-31136.40144.10+0.69BAC ahead
2026-08-28137.24144.75+0.76BAC ahead
2026-08-27134.71143.37+0.39near the usual relationship
2026-08-26137.04144.30+0.84BAC ahead
2026-08-25137.48144.37+0.96BAC ahead
2026-08-24137.26144.25+0.94BAC ahead
2026-08-21135.85142.31+1.09BAC ahead
2026-08-20136.23142.29+1.21BAC ahead
2026-08-19139.11144.60+1.43BAC ahead
2026-08-18141.44147.03+1.43BAC ahead
2026-08-17140.70146.10+1.48BAC ahead
2026-08-14142.02146.86+1.66BAC ahead
2026-08-13141.14146.97+1.38BAC ahead
2026-08-12142.72147.81+1.61BAC ahead
2026-08-11140.94146.54+1.45BAC ahead
2026-08-10140.63145.63+1.60BAC ahead
2026-08-07139.11144.71+1.42BAC ahead
2026-08-06138.74144.22+1.44BAC ahead
2026-08-05139.29145.41+1.27BAC ahead
2026-08-04138.52144.71+1.24BAC ahead
2026-08-03137.59142.73+1.51BAC ahead
2026-07-31136.42142.39+1.29BAC ahead
2026-07-30135.94142.01+1.27BAC ahead
2026-07-29134.49139.52+1.53BAC ahead
2026-07-28137.90144.62+1.14BAC ahead
2026-07-27136.82144.18+0.98BAC ahead
2026-07-24136.64142.97+1.25BAC ahead
2026-07-23134.95141.63+1.14BAC ahead
2026-07-22135.70140.94+1.53BAC ahead
2026-07-21134.82139.74+1.62BAC ahead
2026-07-20133.05137.16+1.83BAC ahead
2026-07-17134.93138.06+2.12BAC ahead
2026-07-16135.41138.89+2.05BAC ahead
2026-07-15135.63140.42+1.73BAC ahead
2026-07-14133.49138.79+1.59BAC ahead
2026-07-13131.03135.40+1.83BAC ahead
2026-07-10131.40136.19+1.74BAC ahead
2026-07-09130.48135.78+1.60BAC ahead
2026-07-08128.39133.82+1.56BAC ahead
2026-07-07131.82137.30+1.60BAC ahead
2026-07-06131.91136.70+1.81BAC ahead
2026-07-02129.33135.38+1.45BAC ahead
2026-07-01128.52135.22+1.27BAC ahead
2026-06-30125.48132.49+1.15BAC ahead
2026-06-29127.46133.32+1.51BAC ahead
2026-06-26127.46133.19+1.56BAC ahead
2026-06-25128.14135.64+1.09BAC ahead
2026-06-24127.13134.97+0.98BAC ahead
2026-06-23127.53135.25+1.03BAC ahead
2026-06-22126.34134.17+0.99BAC ahead
2026-06-18123.76131.64+0.94BAC ahead
2026-06-17124.49134.97+0.22near the usual relationship
2026-06-16125.17134.03+0.69BAC ahead
2026-06-15123.03129.28+1.41BAC ahead
2026-06-12123.36129.81+1.37BAC ahead
2026-06-11121.47126.89+1.67BAC ahead
2026-06-10120.11125.13+1.79BAC ahead
2026-06-09119.84126.57+1.27BAC ahead
2026-06-08118.10125.92+0.91BAC ahead
2026-06-05118.54126.43+0.90BAC ahead
2026-06-04119.29125.84+1.34BAC ahead
2026-06-03115.39121.77+1.33BAC ahead
2026-06-02115.57121.82+1.39BAC ahead
2026-06-01113.43120.04+1.24BAC ahead
2026-05-29113.63121.15+0.96BAC ahead
2026-05-28111.80120.10+0.67BAC ahead
2026-05-27112.53121.14+0.59BAC ahead
2026-05-26114.95124.16+0.46near the usual relationship
2026-05-22114.07124.01+0.21near the usual relationship
2026-05-21113.39122.64+0.41near the usual relationship
2026-05-20112.82122.23+0.35near the usual relationship
2026-05-19111.65119.69+0.77BAC ahead
2026-05-18111.63121.72+0.10near the usual relationship
2026-05-15109.60120.54-0.24near the usual relationship
2026-05-14109.78121.39-0.45near the usual relationship
2026-05-13109.76121.53-0.50JPM ahead
2026-05-12111.83123.40-0.37near the usual relationship
2026-05-11111.32121.43+0.09near the usual relationship
2026-05-08112.99122.28+0.40near the usual relationship
2026-05-07116.16123.97+0.96BAC ahead
2026-05-06118.04127.46+0.50BAC ahead
2026-05-05116.98125.23+0.85BAC ahead
2026-05-04114.93124.52+0.38near the usual relationship
2026-05-01117.24126.48+0.56BAC ahead
2026-04-30117.73126.78+0.63BAC ahead
2026-04-29116.45125.17+0.71BAC ahead
2026-04-28115.97126.06+0.28near the usual relationship
2026-04-27115.90126.14+0.24near the usual relationship
2026-04-24114.62124.78+0.24near the usual relationship
2026-04-23115.55126.16+0.13near the usual relationship
2026-04-22116.98126.70+0.44near the usual relationship
2026-04-21117.77126.69+0.71BAC ahead
2026-04-20118.81128.30+0.56BAC ahead
2026-04-17118.72125.59+1.35BAC ahead
2026-04-16117.84125.46+1.12BAC ahead
2026-04-15119.62123.83+2.15BAC ahead
2026-04-14117.49125.93+0.88BAC ahead
2026-04-13117.49126.97+0.58BAC ahead
2026-04-10115.70125.42+0.48near the usual relationship
2026-04-09116.08125.61+0.55BAC ahead
2026-04-08114.25124.65+0.25near the usual relationship
2026-04-07110.72120.38+0.39near the usual relationship
2026-04-06110.24119.59+0.46near the usual relationship
2026-04-02108.74119.24+0.07near the usual relationship
2026-04-01108.50119.56-0.11near the usual relationship
2026-03-31107.36119.06-0.34near the usual relationship
2026-03-30104.01114.86-0.19near the usual relationship
2026-03-27103.44114.48-0.28near the usual relationship
2026-03-26106.23118.05-0.42near the usual relationship
2026-03-25107.36119.57-0.51JPM ahead
2026-03-24106.01118.35-0.60JPM ahead
2026-03-23104.65117.34-0.76JPM ahead
2026-03-20103.85115.99-0.63JPM ahead
2026-03-19103.52116.56-0.92JPM ahead
2026-03-18103.13116.47-1.03JPM ahead
2026-03-17104.12116.12-0.60JPM ahead
2026-03-16103.63115.83-0.68JPM ahead
2026-03-13102.88114.73-0.61JPM ahead
2026-03-12103.79114.50-0.25near the usual relationship
2026-03-11106.85116.38+0.19near the usual relationship
2026-03-10106.94116.87+0.07near the usual relationship
2026-03-09105.48117.35-0.54JPM ahead
2026-03-06107.11117.17+0.04near the usual relationship
2026-03-05109.69118.82+0.37near the usual relationship
2026-03-04110.77121.18+0.03near the usual relationship
2026-03-03110.04121.53-0.30near the usual relationship
2026-03-02109.69120.44-0.11near the usual relationship
2026-02-27109.73121.55-0.41near the usual relationship
2026-02-26115.17123.91+0.58BAC ahead
2026-02-25113.83122.76+0.50BAC ahead
2026-02-24111.01120.34+0.33near the usual relationship
2026-02-23112.46120.48+0.73BAC ahead
2026-02-20116.85125.80+0.56BAC ahead
2026-02-19116.21124.69+0.68BAC ahead
2026-02-18117.51124.98+0.98BAC ahead
2026-02-17116.14124.31+0.77BAC ahead
2026-02-13115.72122.46+1.17BAC ahead
2026-02-12115.66122.50+1.14BAC ahead
2026-02-11118.59125.81+1.09BAC ahead
2026-02-10121.98128.83+1.25BAC ahead
2026-02-09124.22130.37+1.47BAC ahead
2026-02-06124.49130.49+1.51BAC ahead
2026-02-05120.99125.54+1.87BAC ahead
2026-02-04121.96128.42+1.37BAC ahead
2026-02-03119.91127.44+1.05BAC ahead
2026-02-02118.98124.72+1.53BAC ahead
2026-01-30117.15123.81+1.24BAC ahead
2026-01-29116.89124.03+1.10BAC ahead
2026-01-28114.09121.74+0.90BAC ahead
2026-01-27114.89121.55+1.18BAC ahead
2026-01-26114.56121.85+1.00BAC ahead
2026-01-23113.90120.51+1.18BAC ahead
2026-01-22115.50122.90+0.98BAC ahead
2026-01-21114.67122.25+0.90BAC ahead
2026-01-20114.73122.54+0.82BAC ahead
2026-01-16116.65126.48+0.30near the usual relationship
2026-01-15115.81125.18+0.38near the usual relationship
2026-01-14115.57124.61+0.44near the usual relationship
2026-01-13120.11125.84+1.30BAC ahead
2026-01-12121.54131.34+0.33near the usual relationship
2026-01-09122.99133.24+0.24near the usual relationship
2026-01-08123.72133.49+0.34near the usual relationship
2026-01-07122.53132.35+0.29near the usual relationship
2026-01-06126.07135.44+0.43near the usual relationship
2026-01-05125.28135.21+0.29near the usual relationship
2026-01-02123.21131.74+0.54BAC ahead
2025-12-31121.12130.42+0.33near the usual relationship
2025-12-30121.74130.91+0.36near the usual relationship
2025-12-29121.89131.04+0.35near the usual relationship
2025-12-26123.70132.72+0.39near the usual relationship
2025-12-24123.87133.23+0.32near the usual relationship
2025-12-23123.25131.92+0.43near the usual relationship
2025-12-22123.06130.77+0.60BAC ahead
2025-12-19121.71128.39+0.76BAC ahead
2025-12-18119.49126.69+0.62BAC ahead
2025-12-17120.13127.49+0.58BAC ahead
2025-12-16120.70127.72+0.63BAC ahead
2025-12-15121.85129.53+0.50BAC ahead
2025-12-12121.43128.92+0.52BAC ahead
2025-12-11120.15128.46+0.35near the usual relationship
2025-12-10119.09125.52+0.66BAC ahead
2025-12-09117.90121.63+1.12BAC ahead
2025-12-08118.70127.58+0.19near the usual relationship
2025-12-05118.81127.52+0.21near the usual relationship
2025-12-04119.27127.94+0.21near the usual relationship
2025-12-03119.11126.34+0.44near the usual relationship
2025-12-02117.13124.62+0.36near the usual relationship
2025-12-01117.24125.04+0.30near the usual relationship
2025-11-28118.15126.72+0.17near the usual relationship
2025-11-26116.69124.52+0.27near the usual relationship
2025-11-25115.57122.64+0.37near the usual relationship
2025-11-24114.36120.62+0.48near the usual relationship
2025-11-21113.54120.63+0.33near the usual relationship
2025-11-20112.31120.77+0.08near the usual relationship
2025-11-19114.56122.75+0.14near the usual relationship
2025-11-18113.72121.19+0.23near the usual relationship
2025-11-17113.37121.58+0.10near the usual relationship
2025-11-14115.86122.89+0.30near the usual relationship
2025-11-13116.43125.27+0.03near the usual relationship
2025-11-12119.16129.69-0.19near the usual relationship
2025-11-11118.10127.75-0.09near the usual relationship
2025-11-10117.64128.26-0.24near the usual relationship
2025-11-07117.15127.18-0.17near the usual relationship
2025-11-06117.35126.86-0.10near the usual relationship
2025-11-05115.50126.16-0.29near the usual relationship
2025-11-04117.90125.17+0.21near the usual relationship
2025-11-03117.95125.21+0.21near the usual relationship
2025-10-31117.71125.93+0.06near the usual relationship
2025-10-30116.78125.25+0.01near the usual relationship
2025-10-29115.79123.66+0.08near the usual relationship
2025-10-28116.43123.60+0.17near the usual relationship
2025-10-27116.76123.11+0.28near the usual relationship
2025-10-24115.77121.61+0.34near the usual relationship
2025-10-23113.98119.22+0.41near the usual relationship
2025-10-22112.53119.04+0.21near the usual relationship
2025-10-21113.46120.25+0.17near the usual relationship
2025-10-20114.60122.38+0.04near the usual relationship
2025-10-17112.93120.44+0.05near the usual relationship
2025-10-16111.08120.84-0.28near the usual relationship
2025-10-15115.13123.73-0.09near the usual relationship
2025-10-14110.31122.27-0.60JPM ahead
2025-10-13107.60124.65-1.34JPM ahead
2025-10-10107.13121.79-1.04JPM ahead
2025-10-09109.65123.67-0.91JPM ahead
2025-10-08109.76123.06-0.82JPM ahead
2025-10-07110.75124.54-0.88JPM ahead
2025-10-06110.97125.14-0.93JPM ahead
2025-10-03111.52125.49-0.90JPM ahead
2025-10-02111.16124.48-0.83JPM ahead
2025-10-01111.61125.76-0.94JPM ahead
2025-09-30113.61127.67-0.90JPM ahead
2025-09-29115.44127.78-0.67JPM ahead
2025-09-26114.97127.93-0.76JPM ahead
2025-09-25114.18126.87-0.74JPM ahead
2025-09-24113.85126.86-0.79JPM ahead
2025-09-23113.85126.58-0.76JPM ahead
2025-09-22114.34126.46-0.69JPM ahead
2025-09-19115.06127.41-0.71JPM ahead
2025-09-18114.80126.78-0.68JPM ahead
2025-09-17113.19126.18-0.83JPM ahead
2025-09-16111.56125.15-0.93JPM ahead
2025-09-15111.41125.03-0.95JPM ahead
2025-09-12111.39124.22-0.86JPM ahead
2025-09-11111.76123.68-0.74JPM ahead
2025-09-10110.39121.65-0.68JPM ahead
2025-09-09110.75120.56-0.50JPM ahead
2025-09-08108.92118.56-0.50JPM ahead
2025-09-05109.60119.15-0.49near the usual relationship
2025-09-04111.47122.97-0.72JPM ahead
2025-09-03110.24121.23-0.68JPM ahead
2025-09-02111.03121.31-0.58JPM ahead
2025-08-29111.74122.00-0.57JPM ahead
2025-08-28111.19121.86-0.64JPM ahead
2025-08-27110.94121.14-0.58JPM ahead
2025-08-26110.66120.85-0.59JPM ahead
2025-08-25108.96119.36-0.64JPM ahead
2025-08-22108.96119.91-0.72JPM ahead
2025-08-21106.28117.98-0.86JPM ahead
2025-08-20106.47118.29-0.88JPM ahead
2025-08-19105.88117.65-0.89JPM ahead
2025-08-18105.53118.00-1.00JPM ahead
2025-08-15103.37117.58-1.27JPM ahead
2025-08-14105.06119.06-1.22JPM ahead
2025-08-13104.03117.59-1.19JPM ahead
2025-08-12104.60118.53-1.24JPM ahead
2025-08-11101.65117.20-1.53JPM ahead
2025-08-08101.32116.88-1.55JPM ahead
2025-08-0798.92116.14-1.85JPM ahead
2025-08-06100.02117.93-1.94JPM ahead
2025-08-05100.33117.93-1.91JPM ahead
2025-08-04100.97119.10-1.99JPM ahead
2025-08-01100.55117.13-1.80JPM ahead
2025-07-31104.10119.91-1.64JPM ahead
2025-07-30105.62121.28-1.60JPM ahead
2025-07-29105.59120.23-1.47JPM ahead
2025-07-28106.21120.73-1.45JPM ahead
2025-07-25106.69120.87-1.40JPM ahead
2025-07-24106.56120.03-1.32JPM ahead
2025-07-23106.01120.12-1.42JPM ahead
2025-07-22105.20117.96-1.26JPM ahead
2025-07-21104.56117.77-1.34JPM ahead
2025-07-18104.21117.89-1.41JPM ahead
2025-07-17103.55117.34-1.45JPM ahead
2025-07-16101.37115.69-1.57JPM ahead
2025-07-15101.63115.98-1.58JPM ahead
2025-07-14103.66116.85-1.40JPM ahead
2025-07-11102.91116.11-1.42JPM ahead
2025-07-10103.44116.65-1.42JPM ahead
2025-07-09103.15114.61-1.21JPM ahead
2025-07-08103.83114.46-1.09JPM ahead
2025-07-07107.16118.18-1.11JPM ahead
2025-07-03107.75119.81-1.24JPM ahead
2025-07-02107.27118.19-1.11JPM ahead
2025-07-01106.03117.55-1.22JPM ahead
2025-06-30104.21117.34-1.46JPM ahead
2025-06-27103.77116.21-1.39JPM ahead
2025-06-26104.51116.87-1.38JPM ahead
2025-06-25103.17114.98-1.34JPM ahead
2025-06-24102.75113.84-1.26JPM ahead
2025-06-23101.96112.63-1.22JPM ahead
2025-06-20100.20111.31-1.31JPM ahead
2025-06-1899.23110.89-1.41JPM ahead
2025-06-1797.40109.09-1.46JPM ahead
2025-06-1697.80109.43-1.45JPM ahead
2025-06-1397.09107.24-1.27JPM ahead
2025-06-1298.26108.57-1.28JPM ahead
2025-06-1198.50108.54-1.25JPM ahead
2025-06-1099.30108.72-1.17JPM ahead
2025-06-0998.81107.97-1.14JPM ahead
2025-06-0699.03107.56-1.06JPM ahead
2025-06-0597.73106.03-1.05JPM ahead
2025-06-0497.69106.95-1.20JPM ahead
2025-06-0398.33107.78-1.23JPM ahead
2025-06-0297.07107.12-1.34JPM ahead
2025-05-3097.18106.86-1.29JPM ahead
2025-05-2997.42107.01-1.29JPM ahead
2025-05-2897.03106.65-1.31JPM ahead
2025-05-2797.38107.38-1.37JPM ahead
2025-05-2395.13105.52-1.47JPM ahead
2025-05-2295.38105.51-1.44JPM ahead
2025-05-2195.24105.66-1.49JPM ahead
2025-05-2098.41107.54-1.28JPM ahead
2025-05-1998.59107.21-1.22JPM ahead
2025-05-1698.41108.30-1.41JPM ahead
2025-05-1597.73108.27-1.52JPM ahead
2025-05-1498.52107.52-1.31JPM ahead
2025-05-1397.51106.46-1.33JPM ahead
2025-05-1295.49105.26-1.48JPM ahead
2025-05-0992.03102.44-1.65JPM ahead
2025-05-0891.61102.59-1.76JPM ahead
2025-05-0790.13100.94-1.78JPM ahead
2025-05-0689.94100.89-1.82JPM ahead
2025-05-0590.55102.23-1.94JPM ahead
2025-05-0290.44102.21-1.98JPM ahead
2025-05-0188.4699.93-2.00JPM ahead
2025-04-3087.8299.01-1.99JPM ahead
2025-04-2988.0699.01-1.97JPM ahead
2025-04-2887.6098.45-1.99JPM ahead
2025-04-2587.4098.58-2.07JPM ahead
2025-04-2487.1699.02-2.22JPM ahead
2025-04-2385.3397.50-2.34JPM ahead
2025-04-2284.3995.36-2.19JPM ahead
2025-04-2181.3092.69-2.37JPM ahead
2025-04-1782.3893.89-2.40JPM ahead
2025-04-1682.2192.94-2.30JPM ahead
2025-04-1583.6694.36-2.29JPM ahead
2025-04-1480.7595.01-3.08JPM ahead
2025-04-1179.1795.60-3.64JPM ahead
2025-04-1078.9591.93-3.06JPM ahead
2025-04-0981.8194.85-3.05JPM ahead
2025-04-0877.1487.78-2.76JPM ahead
2025-04-0778.3586.80-2.28JPM ahead
2025-04-0475.7385.11-2.60JPM ahead
2025-04-0381.9692.56-2.75JPM ahead
2025-04-0292.1699.50-1.89JPM ahead
2025-04-0191.3798.62-1.91JPM ahead
2025-03-3191.9099.29-1.95JPM ahead
2025-03-2890.8498.30-2.00JPM ahead
2025-03-2793.72100.43-1.83JPM ahead
2025-03-2694.30101.61-1.96JPM ahead
2025-03-2595.31101.65-1.77JPM ahead
2025-03-2494.85100.40-1.63JPM ahead
2025-03-2193.5397.80-1.39JPM ahead
2025-03-2093.5596.74-1.17JPM ahead
2025-03-1992.9596.78-1.32JPM ahead
2025-03-1891.7295.11-1.24JPM ahead
2025-03-1791.2694.69-1.26JPM ahead
2025-03-1490.0594.08-1.42JPM ahead
2025-03-1387.3691.15-1.40JPM ahead
2025-03-1287.8992.24-1.54JPM ahead
2025-03-1187.2392.75-1.84JPM ahead
2025-03-1087.7193.99-2.03JPM ahead
2025-03-0791.1798.07-2.13JPM ahead
2025-03-0691.3099.79-2.52JPM ahead
2025-03-0593.13101.81-2.57JPM ahead
2025-03-0493.97101.29-2.28JPM ahead
2025-03-03100.33105.49-1.74JPM ahead
2025-02-28101.52107.12-1.84JPM ahead
2025-02-2797.16104.85-2.38JPM ahead
2025-02-2696.76104.75-2.49JPM ahead
2025-02-2596.76104.19-2.39JPM ahead
2025-02-2497.91105.78-2.51JPM ahead
2025-02-2198.68106.95-2.64JPM ahead
2025-02-2099.76107.99-2.65JPM ahead
2025-02-19101.32113.03-3.48JPM ahead
2025-02-18102.47113.31-3.35JPM ahead
2025-02-14103.41111.95-2.86JPM ahead
2025-02-13102.03111.84-3.27JPM ahead
2025-02-12101.76111.49-3.33JPM ahead
2025-02-11103.04111.30-3.02JPM ahead
2025-02-10102.77109.71-2.74JPM ahead
2025-02-07104.38111.63-2.84JPM ahead
2025-02-06105.13112.08-2.81JPM ahead
2025-02-05103.74109.46-2.55JPM ahead
2025-02-04102.86108.45-2.57JPM ahead
2025-02-03101.76107.99-2.82JPM ahead
2025-01-31101.96108.19-2.87JPM ahead
2025-01-30102.88108.57-2.76JPM ahead
2025-01-29102.95107.90-2.59JPM ahead
2025-01-28103.15108.13-2.64JPM ahead
2025-01-27103.70107.61-2.36JPM ahead
2025-01-24102.44107.20-2.67JPM ahead
2025-01-23102.16107.65-2.96JPM ahead
2025-01-22100.84106.39-3.07JPM ahead
2025-01-21102.75106.46-2.50JPM ahead
2025-01-17102.47104.90-2.11JPM ahead
2025-01-16102.71102.92-1.39JPM ahead
2025-01-15103.72102.14-0.80JPM ahead
2025-01-14100.81100.17-1.11JPM ahead
2025-01-1399.2398.85-1.21JPM ahead
2025-01-1099.3497.09-0.56JPM ahead
2025-01-08101.7698.41-0.20near the usual relationship
2025-01-07101.4898.43-0.31near the usual relationship
2025-01-0699.9897.49-0.49near the usual relationship
2025-01-0398.6898.47-1.29JPM ahead
2025-01-0297.5397.14-1.24JPM ahead
2024-12-3196.7897.03-1.47JPM ahead
2024-12-3096.7096.87-1.46JPM ahead
2024-12-2797.6497.62-1.40JPM ahead
2024-12-2698.1198.41-1.53JPM ahead
2024-12-2497.7398.08-1.56JPM ahead
2024-12-2396.6596.49-1.39JPM ahead
2024-12-2097.2796.17-1.07JPM ahead
2024-12-1995.5394.29-1.02JPM ahead
2024-12-1895.7993.24-0.54JPM ahead
2024-12-1799.2196.48-0.52JPM ahead
2024-12-16100.1396.97-0.38near the usual relationship
2024-12-13100.5797.12-0.29near the usual relationship
2024-12-12101.4897.76-0.21near the usual relationship
2024-12-11101.4898.57-0.49near the usual relationship
2024-12-10100.7598.30-0.65JPM ahead
2024-12-09101.1098.68-0.66JPM ahead
2024-12-06102.95100.12-0.55JPM ahead
2024-12-05103.5099.36-0.11near the usual relationship
2024-12-04102.1198.52-0.28near the usual relationship
2024-12-03103.1199.09-0.16near the usual relationship
2024-12-02103.5999.67-0.20near the usual relationship
2024-11-29104.62101.08-0.34near the usual relationship
2024-11-27105.20101.10-0.17near the usual relationship
2024-11-26105.15101.18-0.21near the usual relationship
2024-11-25104.60101.31-0.43near the usual relationship
2024-11-22103.50100.60-0.55JPM ahead
2024-11-21102.3199.07-0.43near the usual relationship
2024-11-20101.4397.46-0.17near the usual relationship
2024-11-19102.2098.39-0.24near the usual relationship
2024-11-18102.8899.18-0.29near the usual relationship
2024-11-15102.9599.29-0.31near the usual relationship
2024-11-14101.0897.90-0.45near the usual relationship
2024-11-13101.0197.61-0.38near the usual relationship
2024-11-12100.9996.96-0.16near the usual relationship
2024-11-11101.4896.86+0.04near the usual relationship
2024-11-0899.3895.92-0.33near the usual relationship
2024-11-0798.5995.68-0.52JPM ahead
2024-11-06100.00100.00-1.53JPM ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Apr 3, 2025 (BAC -11.1%, JPM -7.0%); Oct 14, 2025 (BAC +2.5%, JPM -1.9%); Oct 14, 2026 (BAC -4.8%, JPM +1.2%).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

LegsSignalEnteredStatusExitNet
Long BAC · Short JPMOct 13, 2026 (2.13 sd)Oct 14, 2026closedOct 15, 2026, divergence stop-$0.58
Long BAC · Short JPMOct 12, 2026 (2.01 sd)-cancelled: superseded by a newer close--

Historical simulation (a diagnostic, same rules)

6 simulated trades to Nov 3, 2026: +3.80% per trade on average after costs, 5 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long BAC · Short JPMOct 2, 2026Oct 15, 2026divergence stop13-$543.80-$25.12-$567.94 (-5.68%)
Long JPM · Short BACApr 16, 2026May 13, 2026converged27$582.24-$27.00$553.28 (+5.53%)
Long BAC · Short JPMAug 21, 2024Sep 20, 2024converged30$656.75-$28.08$630.73 (+6.31%)
Long JPM · Short BACJul 17, 2024Jul 31, 2024converged14$599.26-$25.43$572.82 (+5.73%)
Long JPM · Short BACAug 5, 2020Oct 2, 2020converged58$597.44-$31.54$577.85 (+5.78%)
Long BAC · Short JPMJul 20, 2020Jul 29, 2020converged9$540.99-$25.44$513.73 (+5.14%)

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

BAC and JPM at a glance

BAC Bank of America Corporation

Listing
NYSE · SEC CIK 70858
Industry
Major Banks · SIC 6021 National Commercial Banks
Market value
$342.7B
Price history
2,534 daily closes, Oct 12, 2016 to Nov 10, 2026

JPM JP Morgan Chase & Co.

Listing
NYSE · SEC CIK 19617
Industry
Major Banks · SIC 6021 National Commercial Banks
Market value
$898.4B
Price history
2,533 daily closes, Oct 12, 2016 to Nov 10, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
BAC / WFCWatchlistWFC by 1.22 sdMajor Banks
JPM / WFCWatchlistJPM by 0.75 sdMajor Banks

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.