JP Morgan Chase & Co.

JPM vs BAC — Relative Check

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Relative Analysis: JPMorgan vs Bank of America

Chart A (Monthly):
Over the past 8 years, JPMorgan has significantly outperformed Bank of America, completing a 3-wave Elliott structure and entering its Wave 4 correction, which has lasted 201 weeks. Price is currently contained within two major channels: the impulse (major) and a minor corrective channel.

Chart B (Weekly):
On the weekly chart, JPMorgan recently completed a 5-wave impulse in its last move and is now in a corrective phase. While the monthly supercycle Wave 5 does not appear fully complete, the relative chart indicates that Bank of America is likely to outperform JPMorgan over the next 1–2 years.

Conclusion / Implications:

During bullish phases → Bank of America may experience larger gains

During corrections → JPMorgan may face larger declines

Note: This is my personal analysis. I’d be happy to hear your thoughts!


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JPM

BAC

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