Jpmorgan Chase & Stock Earnings Reports

JPMorgan Chase reported strong Q1 2026 results: net income $16.5B, EPS $5.94, ROTCE 23%, and revenue $50.5B (up 10% YoY) driven by Markets, Asset Management and Investment Banking, and higher NII (partially offset by lower rates). Expenses rose 14% YoY to $26.9B (compensation, brokerage/distribution, and absence of prior-year FDIC release). Credit costs were $2.5B with net charge-offs $2.3B and a modest reserve build. CET1 was 14.3% (down 30 bps QoQ) as income was offset by capital distributions and higher RWA (Markets-driven). Management flagged material concerns with the Basel III endgame and G‑SIB reproposals — estimating a notable RWA and surcharge impact for JPMorgan (~5.2% G‑SIB requirement by 2028 and roughly $20B of incremental G‑SIB capital on the current balance sheet) and warned of competitiveness and potential credit-cost pass-through to customers. Business highlights: Consumer & Community Banking (CCB) revenue up on Card NII and Auto lease income; Markets & CIB revenue up 19% YoY with strong FIC and equities; Asset & Wealth Management saw $54B long-term net inflows and AUM $4.8T. Guidance: NII ex‑Markets ~$95B, total NII ~ $103B (Markets NII expected ~ $8B), adjusted expenses ~ $105B, and card net charge‑off rate ~3.4%. Management views consumers and small businesses as resilient today, sees private credit stresses as unlikely to be systemic, emphasizes continued investment in the franchise (bankers, global expansion, payments/AI), and flags cyber/AI as heightened but actively managed risks.