Jpmorgan Chase & Stock Earnings Reports

JPMorgan Chase reported a strong Q2 2026: net income $16.9 billion, EPS $6.14, ROTCE 23%. Revenues (ex-significant items) rose ~15% YoY driven by markets (especially equities), higher asset management fees, stronger investment banking, and higher deposit and loan balances. Expenses increased ~15% YoY ($27.3B) largely due to volume/revenue-related costs, front-office hiring and labor inflation; full-year adjusted expense guidance was raised to ~$107.5B primarily reflecting revenue outperformance. Credit remained healthy: credit costs $2.5B, net charge-offs $2.4B, modest reserve build; card NCO guidance improved to ~3.2%. CET1 (standardized) was 14.1%, down 20 bps q/q as RWA rose (~$103B) from markets financing and lending; the Board intends to raise the quarterly dividend to $1.65/share starting Q3. NII outlook was nudged up: NII ex-Markets ~ $96.5B and total NII ~ $105.5B (markets NII ~ $9B); Jeremy Barnum highlighted deposit balances as the largest driver of the NII upside. Management update: two co-presidents (Doug and Troy) were elevated while Marianne retired; Jamie said succession timing is unchanged. The firm continues to invest (branches, bankers, AI, technology), expects many useful AI use-cases but cautions benefits will often accrue to customers in a competitive market; token/AI-related expenses may accelerate but remain modest in 2026. The Board and management remain open to organic deployment of capital and M&A where returns meet targets; buybacks and capital deployment will be disciplined. Management reiterated vigilance on underwriting and risk even as markets are “very active,” and advocated for regulatory clarity and adjustments to certain capital and G-SIB calculations.