AI-assembled from public SEC filings

Warehouse and discount retail peer review

Descriptive comparison assembled from public SEC filings and verified companyfacts.

Descriptive comparison — not investment advice. This feature-specific review is assembled from a frozen evidence pack of public SEC filing quotes and verified SEC companyfacts numbers. It is descriptive only and makes no judgment about which company is better. It is not a rating, recommendation, endorsement, forecast, or investment advice. Figures are as of their cited filing dates. See Disclaimer.

Governing statutes (not legal advice)

Descriptive law cross-reference — not legal advice. grepcent publishes a curated industry-to-statute association only. This is not legal advice. It does not interpret statutes, assess company conduct, or mirror statute text. Deep links go to neochart.

Statutes grepcent curates as governing this industry, deep-linked to neochart's official text. Case-citation counts are shown as an importance signal, not the selection criterion. Not legal advice. Citing cases are shown as a case-citation in-degree importance signal, not an endorsement.

12 U.S.C. § 24: §24. Corporate powers of associations (285 citing cases; source neochart)
12 U.S.C. § 1821: § 1821. Insurance Funds (1,371 citing cases; source neochart)
12 U.S.C. § 1841: § 1841. Definitions (148 citing cases; source neochart)

Methodology

Mechanical U.S. megabank cluster: companies in the existing grepcent universe with SEC SIC 6021 National Commercial Banks and latest reported total assets above $1 trillion. These are exactly the four banks held out of the regional-banks cluster by its large-regional asset band, so this cluster gives them a home rather than leaving them excluded into nothing.

The cluster is selected mechanically from public SEC SIC 6021 companies already present in grepcent's processed universe, filtered to latest reported total assets above $1 trillion using the same SEC companyfacts figures shown on grepcent company pages. The next largest SIC 6021 bank sits near $669 billion in assets, well inside the regional band, so the threshold separates the two clusters cleanly. The review publishes no proprietary index-membership labels.

Pack hash: 9f8767dff473ba5d86868d533aa7846876b35ccc64aeee4e1d329e0dc2f1920a. Generated: 2026-07-23.

Verified Quantitative Matrix

Numbers are templated from frozen SEC companyfacts-derived facts already verified by grepcent. Fiscal periods and filing dates are shown in each cell; comparability markers use day-level period ends and reported XBRL source concepts.

Metric	JPM	BAC	C	WFC
Revenue Mixed reporting concepts: us-gaap:Revenues, us-gaap:RevenuesNetOfInterestExpense. Ticker concepts: BAC -> us-gaap:Revenues; C -> us-gaap:Revenues; JPM -> us-gaap:Revenues; WFC -> us-gaap:RevenuesNetOfInterestExpense.	182,447,000,000 FY 2025; period end 2025-12-31; filed 2026-02-13; reporting currency USD source · NUM_JPM_REVENUE_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	113,097,000,000 FY 2025; period end 2025-12-31; filed 2026-02-25; reporting currency USD source · NUM_BAC_REVENUE_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	85,225,000,000 FY 2025; period end 2025-12-31; filed 2026-02-20; reporting currency USD source · NUM_C_REVENUE_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	83,699,000,000 FY 2025; period end 2025-12-31; filed 2026-02-24; reporting currency USD source · NUM_WFC_REVENUE_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.
Net margin Mixed reporting concepts: us-gaap:NetIncomeLoss, us-gaap:Revenues, us-gaap:RevenuesNetOfInterestExpense. Ticker concepts: BAC -> us-gaap:NetIncomeLoss + us-gaap:Revenues; C -> us-gaap:NetIncomeLoss + us-gaap:Revenues; JPM -> us-gaap:NetIncomeLoss + us-gaap:Revenues; WFC -> us-gaap:NetIncomeLoss + us-gaap:RevenuesNetOfInterestExpense.	31.27% FY 2025; period end 2025-12-31; filed 2026-02-13 source · NUM_JPM_NET_MARGIN_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	26.98% FY 2025; period end 2025-12-31; filed 2026-02-25 source · NUM_BAC_NET_MARGIN_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	16.79% FY 2025; period end 2025-12-31; filed 2026-02-20 source · NUM_C_NET_MARGIN_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	25.49% FY 2025; period end 2025-12-31; filed 2026-02-24 source · NUM_WFC_NET_MARGIN_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.
Operating margin	Quarantined: Only 0 of 4 companies have a verified fact; threshold is 2.
Free cash flow	Quarantined: Only 1 of 4 companies have a verified fact; threshold is 2.
Capital expenditures	Quarantined: Only 1 of 4 companies have a verified fact; threshold is 2.
Dividends paid Mixed reporting concepts: us-gaap:PaymentsOfDividends, us-gaap:PaymentsOfDividendsCommonStock. Ticker concepts: C -> us-gaap:PaymentsOfDividends; JPM -> us-gaap:PaymentsOfDividends; WFC -> us-gaap:PaymentsOfDividendsCommonStock.	16,625,000,000 FY 2025; period end 2025-12-31; filed 2026-02-13; reporting currency USD source · NUM_JPM_DIVIDENDS_PAID_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	Not available.	5,372,000,000 FY 2025; period end 2025-12-31; filed 2026-02-20; reporting currency USD source · NUM_C_DIVIDENDS_PAID_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	5,434,000,000 FY 2025; period end 2025-12-31; filed 2026-02-24; reporting currency USD source · NUM_WFC_DIVIDENDS_PAID_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.
Share buybacks	31,591,000,000 FY 2025; period end 2025-12-31; filed 2026-02-13; reporting currency USD source · NUM_JPM_SHARE_BUYBACKS_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	21,433,000,000 FY 2025; period end 2025-12-31; filed 2026-02-25; reporting currency USD source · NUM_BAC_SHARE_BUYBACKS_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	13,250,000,000 FY 2025; period end 2025-12-31; filed 2026-02-20; reporting currency USD source · NUM_C_SHARE_BUYBACKS_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	17,516,000,000 FY 2025; period end 2025-12-31; filed 2026-02-24; reporting currency USD source · NUM_WFC_SHARE_BUYBACKS_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.
Assets	4,424,900,000,000 FY 2025; period end 2025-12-31; filed 2026-02-13; reporting currency USD source · NUM_JPM_ASSETS_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	3,411,738,000,000 FY 2025; period end 2025-12-31; filed 2026-02-25; reporting currency USD source · NUM_BAC_ASSETS_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	2,657,202,000,000 FY 2025; period end 2025-12-31; filed 2026-02-20; reporting currency USD source · NUM_C_ASSETS_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	2,148,631,000,000 FY 2025; period end 2025-12-31; filed 2026-02-24; reporting currency USD source · NUM_WFC_ASSETS_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.
Liabilities / equity	11.21 FY 2025; period end 2025-12-31; filed 2026-02-13 source · NUM_JPM_LIABILITIES_TO_EQUITY_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	10.25 FY 2025; period end 2025-12-31; filed 2026-02-25 source · NUM_BAC_LIABILITIES_TO_EQUITY_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	11.51 FY 2025; period end 2025-12-31; filed 2026-02-20 source · NUM_C_LIABILITIES_TO_EQUITY_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.	10.85 FY 2025; period end 2025-12-31; filed 2026-02-24 source · NUM_WFC_LIABILITIES_TO_EQUITY_FY2025 Day-level period offset: 0d vs row reference 2025-12-31; aligned.

Code-computed comparisons

Reported net margin range: range endpoints are C (16.79%) and JPM (31.27%). Calendar period: 2025-Q4. Computed from facts NUM_C_NET_MARGIN_FY2025 and NUM_JPM_NET_MARGIN_FY2025; comparability: period aligned; reference 2025-12-31; offsets BAC 0d aligned, C 0d aligned, JPM 0d aligned, WFC 0d aligned; tags mixed; concepts us-gaap:NetIncomeLoss, us-gaap:Revenues, us-gaap:RevenuesNetOfInterestExpense; concept mapping BAC -> us-gaap:NetIncomeLoss + us-gaap:Revenues; C -> us-gaap:NetIncomeLoss + us-gaap:Revenues; JPM -> us-gaap:NetIncomeLoss + us-gaap:Revenues; WFC -> us-gaap:NetIncomeLoss + us-gaap:RevenuesNetOfInterestExpense; no authored numeric comparison.
Latest reported revenue range: range endpoints are WFC (83,699,000,000) and JPM (182,447,000,000). Calendar period: 2025-Q4. Computed from facts NUM_WFC_REVENUE_FY2025 and NUM_JPM_REVENUE_FY2025; comparability: period aligned; reference 2025-12-31; offsets BAC 0d aligned, C 0d aligned, JPM 0d aligned, WFC 0d aligned; tags mixed; concepts us-gaap:Revenues, us-gaap:RevenuesNetOfInterestExpense; concept mapping BAC -> us-gaap:Revenues; C -> us-gaap:Revenues; JPM -> us-gaap:Revenues; WFC -> us-gaap:RevenuesNetOfInterestExpense; no authored numeric comparison.

Market-risk companion: risk and factor comparison from lmfin. It is descriptive and separate from the SEC fundamentals review.

Narrative Matrix

Dimension	JPM	BAC	C	WFC
Business model	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.
Geographic and customer exposure	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.
Capital allocation	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.
Stated strategy in filings	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.
Idiosyncratic risks in filings	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.
Recent narrative change	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.	Quarantined: no direct dimension-relevant quote survived the gate.

Gate summary

Facts: 25. Claims survived: 0. Claims dropped: 0. Cells quarantined: 24.

Quarantined quantitative rows

operating_margin: Only 0 of 4 companies have a verified fact; threshold is 2.
free_cash_flow: Only 1 of 4 companies have a verified fact; threshold is 2.
capex: Only 1 of 4 companies have a verified fact; threshold is 2.

Quarantined dimensions

business_model: No verified cells survived the gate.
geographic_customer_exposure: No verified cells survived the gate.
capital_allocation: No verified cells survived the gate.
stated_strategy: No verified cells survived the gate.
idiosyncratic_risks: No verified cells survived the gate.
recent_narrative_change: No verified cells survived the gate.

Quarantined cells

JPM / business_model: No direct dimension-relevant quote survived the evidence gate.
BAC / business_model: No direct dimension-relevant quote survived the evidence gate.
C / business_model: No direct dimension-relevant quote survived the evidence gate.
WFC / business_model: No direct dimension-relevant quote survived the evidence gate.
JPM / geographic_customer_exposure: No direct dimension-relevant quote survived the evidence gate.
BAC / geographic_customer_exposure: No direct dimension-relevant quote survived the evidence gate.
C / geographic_customer_exposure: No direct dimension-relevant quote survived the evidence gate.
WFC / geographic_customer_exposure: No direct dimension-relevant quote survived the evidence gate.
JPM / capital_allocation: No direct dimension-relevant quote survived the evidence gate.
BAC / capital_allocation: No direct dimension-relevant quote survived the evidence gate.
C / capital_allocation: No direct dimension-relevant quote survived the evidence gate.
WFC / capital_allocation: No direct dimension-relevant quote survived the evidence gate.
JPM / stated_strategy: No direct dimension-relevant quote survived the evidence gate.
BAC / stated_strategy: No direct dimension-relevant quote survived the evidence gate.
C / stated_strategy: No direct dimension-relevant quote survived the evidence gate.
WFC / stated_strategy: No direct dimension-relevant quote survived the evidence gate.
JPM / idiosyncratic_risks: No direct dimension-relevant quote survived the evidence gate.
BAC / idiosyncratic_risks: No direct dimension-relevant quote survived the evidence gate.
C / idiosyncratic_risks: No direct dimension-relevant quote survived the evidence gate.
WFC / idiosyncratic_risks: No direct dimension-relevant quote survived the evidence gate.
JPM / recent_narrative_change: No direct dimension-relevant quote survived the evidence gate.
BAC / recent_narrative_change: No direct dimension-relevant quote survived the evidence gate.
C / recent_narrative_change: No direct dimension-relevant quote survived the evidence gate.
WFC / recent_narrative_change: No direct dimension-relevant quote survived the evidence gate.