JPM vs MS: JPMorgan Chase & Co. vs Morgan Stanley Historical Returns & Investment Comparison
This JPM vs MS comparison analyzes the historical stock performance of JPMorgan Chase & Co. and Morgan Stanley side-by-side. Using real, adjusted market data, this tool shows how identical investments in both stocks would have performed over time—highlighting differences in returns, volatility, and consistency across market cycles.
Use the interactive calculator below to adjust the investment amount and time period, visualizing how JPMorgan Chase & Co. and Morgan Stanley have historically performed against each other.
Compare Stock Performance
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Performance Summary
$10,000 invested from 1986 to 2025 (40 years)
Head-to-Head Record
Over the 33-year comparison period, JPMorgan Chase & Co. outperformed Morgan Stanley in 19 years, while Morgan Stanley outperformed JPMorgan Chase & Co. in 14 years.
JPM - JPMorgan Chase & Co.
MS - Morgan Stanley
Overall Winner: MS with an average annual return of 18.61% (vs 15.53% for JPM)
Understanding JPM vs MS Performance
When comparing JPMorgan Chase & Co. and Morgan Stanley, investors should consider multiple factors beyond just total returns. Volatility, consistency of growth, dividend payments, and sector-specific risks all play crucial roles in determining which stock might be better suited for your investment strategy and risk tolerance.
Historical performance data shows how each stock responded to market downturns, economic expansions, and company-specific events. While past performance doesn't guarantee future results, understanding these patterns can help inform investment decisions and portfolio allocation strategies.
Cumulative Growth Comparison
A $10,000 investment in JPMorgan Chase & Co. grew to $566,722, compared to $430,298 for Morgan Stanley over the same period.
Year-by-Year Comparison
| Year | JPM Return | JPM Cumulative | MS Return | MS Cumulative | Difference | Winner |
|---|---|---|---|---|---|---|
| 1986 (Start) | - | $10,000.00 | - | $10,000.00 | - | Initial Investment |
| 1987 | -2.80% | $9,719.92 | - | - | - | Tie |
| 1988 | -46.23% | $5,226.64 | - | - | - | Tie |
| 1989 | +47.61% | $7,715.21 | - | - | - | Tie |
| 1990 | +5.25% | $8,119.94 | - | - | - | Tie |
| 1991 | -60.46% | $3,210.90 | - | - | - | Tie |
| 1992 | +98.36% | $6,369.30 | - | - | - | Tie |
| 1993 | +71.01% | $10,891.91 | - | - | - | Tie |
| 1994 | +7.35% | $11,692.43 | +12.60% | $11,260.45 | -5.25% (MS) | MS |
| 1995 | -7.07% | $10,865.49 | -1.90% | $11,046.08 | -5.17% (MS) | MS |
| 1996 | +67.06% | $18,152.16 | +41.70% | $15,652.05 | +25.36% (JPM) | JPM |
| 1997 | +56.12% | $28,339.48 | +42.38% | $22,284.69 | +13.75% (JPM) | JPM |
| 1998 | +26.71% | $35,907.86 | +80.74% | $40,276.48 | -54.03% (MS) | MS |
| 1999 | +30.82% | $46,974.52 | +22.36% | $49,284.20 | +8.45% (JPM) | JPM |
| 2000 | +9.76% | $51,558.93 | +98.18% | $97,670.62 | -88.42% (MS) | MS |
| 2001 | -4.14% | $49,425.55 | +18.59% | $115,828.10 | -22.73% (MS) | MS |
| 2002 | -14.64% | $42,190.44 | -21.19% | $91,283.05 | +6.55% (JPM) | JPM |
| 2003 | -31.42% | $28,933.61 | -26.24% | $67,327.15 | -5.18% (MS) | MS |
| 2004 | +49.34% | $43,209.46 | +40.76% | $94,767.77 | +8.58% (JPM) | JPM |
| 2005 | +9.26% | $47,211.33 | -0.72% | $94,086.36 | +9.98% (JPM) | JPM |
| 2006 | +5.35% | $49,735.52 | +3.55% | $97,428.08 | +1.79% (JPM) | JPM |
| 2007 | +24.08% | $61,709.93 | +41.99% | $138,339.21 | -17.91% (MS) | MS |
| 2008 | -7.09% | $57,335.21 | -20.47% | $110,018.40 | +13.38% (JPM) | JPM |
| 2009 | -23.19% | $44,039.47 | -67.52% | $35,738.18 | +44.33% (JPM) | JPM |
| 2010 | +33.51% | $58,798.01 | +77.77% | $63,532.68 | -44.26% (MS) | MS |
| 2011 | -0.63% | $58,428.05 | -11.31% | $56,344.52 | +10.68% (JPM) | JPM |
| 2012 | -22.05% | $45,544.86 | -45.93% | $30,464.98 | +23.88% (JPM) | JPM |
| 2013 | +29.45% | $58,955.79 | +20.40% | $36,678.88 | +9.05% (JPM) | JPM |
| 2014 | +33.70% | $78,825.25 | +61.13% | $59,100.85 | -27.43% (MS) | MS |
| 2015 | +9.68% | $86,451.70 | +26.41% | $74,708.24 | -16.73% (MS) | MS |
| 2016 | +7.83% | $93,225.11 | -16.55% | $62,346.86 | +24.38% (JPM) | JPM |
| 2017 | +38.70% | $129,305.40 | +37.50% | $85,726.70 | +1.20% (JPM) | JPM |
| 2018 | +25.39% | $162,139.62 | +24.25% | $106,519.00 | +1.14% (JPM) | JPM |
| 2019 | -7.50% | $149,983.36 | -22.35% | $82,717.28 | +14.85% (JPM) | JPM |
| 2020 | +44.75% | $217,102.53 | +30.21% | $107,706.98 | +14.54% (JPM) | JPM |
| 2021 | -6.67% | $202,629.84 | +35.65% | $146,101.52 | -42.31% (MS) | MS |
| 2022 | +28.96% | $261,318.85 | +47.08% | $214,890.44 | -18.12% (MS) | MS |
| 2023 | -14.45% | $223,555.53 | -12.16% | $188,770.20 | -2.30% (MS) | MS |
| 2024 | +29.64% | $289,818.81 | +13.00% | $213,308.41 | +16.64% (JPM) | JPM |
| 2025 | +42.63% | $413,362.55 | +38.76% | $295,995.07 | +3.86% (JPM) | JPM |
| 2026 | +37.10% | $566,721.94 | +45.37% | $430,297.59 | -8.27% (MS) | MS |
Annual returns include dividends and stock splits. Cumulative values show growth of $10,000 invested from the first year. Positive difference means JPM outperformed MS that year.
Company Profiles
JPMorgan Chase & Co.
JPM
JPMorgan Chase & Co. is a prominent American multinational banking and financial services institution, headquartered in New York City. It stands as the largest bank in the United States and a global leader by market capitalization. The company offers a wide array of financial services globally under the J.P. Morgan (institutional and wholesale) and Chase (consumer and commercial) brands.
Key Innovations
- ✓Leading the global financial services industry through its comprehensive offerings across investment banking, asset management, and consumer banking, catering to a diverse global clientele.
- ✓Continuous development and adoption of financial technologies to enhance efficiency, security, and customer experience across its vast operations.
- ✓Strategic initiatives focused on financial resilience and supporting national interests, including significant investments in security and infrastructure development.
Business Segments
- Consumer and Community BankingProvides financial services to consumers and small businesses, including credit cards, auto finance, mortgage lending, and banking solutions.
- Commercial BankingOffers financial solutions to mid-sized businesses, corporations, and governments, including lending, treasury services, and investment banking products.
- Investment BankingA global leader in investment banking, providing corporate advisory, mergers and acquisitions, capital markets, and prime brokerage services.
Morgan Stanley
MS
Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management, and investment management services.
Key Innovations
- ✓E*TRADE integration
- ✓Modern Wealth Management strategy
Business Segments
- Institutional SecuritiesInvestment banking, sales and trading.
- Wealth ManagementFinancial advisory services for individuals (includes E*TRADE).
- Investment ManagementAsset management services.
How This Comparison Works
Our stock comparison tool uses adjusted closing prices to calculate year-by-year returns for both stocks. This ensures an apples-to-apples comparison that accounts for:
- ✓Dividends: All dividend payments are reinvested
- ✓Stock splits: Historical prices are adjusted for all splits
- ✓Head-to-head record: Shows which stock outperformed each year
- ✓Statistical analysis: Average returns, best/worst years, and win rates
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Important Disclaimer
This comparison tool is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Past performance is not indicative of future results. Historical returns include dividends and stock splits but do not account for taxes, fees, inflation, or individual circumstances. Stock market investments carry risk, including the potential loss of principal. Always consult with a qualified financial advisor before making investment decisions. The data presented is based on historical market data and may contain inaccuracies or delays.