Jpmorgan Chase Stock Earnings Reports

JPMorgan Chase delivered a strong Q1 2026 with net income of $16.5 billion, EPS $5.94 and ROTCE of 23%. Revenue was $50.5 billion, up 10% YoY driven by higher Markets revenue, Asset Management and Investment Banking fees and higher NII (partially offset by lower rates). Expenses rose 14% YoY to $26.9 billion, driven by higher compensation and revenue-related costs. Credit costs were $2.5 billion with net charge-offs of $2.3 billion and a modest reserve build. The firm ended the quarter with a standardized CET1 ratio of 14.3% (down 30 bps QoQ) and noted a $60 billion increase in standardized RWA driven by Markets activity and energy price effects. Management flagged concerns with the Basel III endgame and the Fed G-SIB reproposal — estimating a combined RWA/surcharge impact for JPMorgan of roughly $20 billion and a required G-SIB surcharge rising to 5.2% by 2028, which the company says could raise the bank’s cost of capital and impair competitiveness. Business highlights: Consumer & Community Banking remains resilient (CCB net income $5.0B; deposits +2% YoY; home lending originations +46% YoY), Corporate & Investment Bank performed strongly (CIB net income $9.0B; IB fees +28% YoY; FICC and Equities both up), and Asset & Wealth Management saw strong inflows and AUM growth (AUM $4.8 trillion, LT net inflows $54 billion). Outlook: NII ex-Markets roughly $95 billion, total NII ~ $103 billion (market NII ~ $8 billion), adjusted expenses ~ $105 billion, and card net charge-off rate ~3.4%. Management emphasized ongoing monitoring of geopolitical and macro risks, conservative reserve-setting posture (no change in scenario weights this quarter), continued investment in Markets and franchise growth, and focus on capital deployment tied to client opportunities while noting potential regulatory-driven capital headwinds.