Analysis10k / Blog

Financial Services

9 articles in this industry.

JPM
Company Snapshot

JPMorgan Chase (JPM): What This Company Actually Does

A plain-English read of JPMorgan Chase's business model — deposits, lending, and Wall Street fees — built directly from its SEC filings.

2026-09-06
JPM
The Story

JPMorgan's Last Three Years: From Basel Fears to a Record Quarter

How a bank that once braced for punishing new capital rules watched that fear fade, weathered a brief tariff scare, and came out the other side with record profits and tripled buybacks.

2026-09-06
JPM
Reverse DCF

What JPM's Stock Price Is Really Betting On

Reverse-engineering the growth rate JPMorgan's share price already assumes — adapted for a bank's balance sheet — and comparing it with the company's actual growth record.

2026-09-06
AXP
Company Snapshot

American Express (AXP): What This Company Actually Does

A plain-English read of American Express's three-party card network — built directly from its SEC filings.

2026-09-06
AXP
The Story

American Express's Three-Year Rebrand: From 'Enriching Lives' to 'AI-Powered Premium Lifestyle Brand'

How American Express quietly rewrote its own identity — and lost, then won back, the market's confidence along the way.

2026-09-06
AXP
Reverse DCF

What AXP's Stock Price Is Really Betting On

Reverse-engineering the free-cash-flow growth rate American Express's share price already assumes — and comparing it with its actual 5-year growth record.

2026-09-06
GS
Company Snapshot

Goldman Sachs (GS): What This Company Actually Does

A plain-English read of Goldman Sachs's investment-banking, trading and asset-management business, built directly from its SEC filings.

2026-09-06
GS
The Story

Goldman Sachs: The Retreat From Consumer Banking, and the U-Turn

Goldman Sachs spent three years quietly erasing its 2021 promise to 'be a bank for everyone' — and record profits filled the space it left behind.

2026-09-06
GS
Reverse DCF

What GS's Stock Price Is Really Betting On

Goldman Sachs's balance sheet makes a standard reverse DCF meaningless — so this uses the bank-valuation model investors actually rely on instead: reverse-engineering the return on equity its stock price already assumes.

2026-09-06