Jpmorgan Chase & Stock Earnings Reports

JPMorgan Chase reported strong Q2 2026 results: net income $16.9B, EPS $6.14, ROTCE 23%. Excluding significant items, revenue rose ~15% YoY driven by markets, higher asset management fees, investment banking, and deposit/loan growth. Expenses were $27.3B (up 15% YoY) reflecting revenue-linked spending, front-office hiring and labor inflation. Credit costs were $2.5B with net charge-offs of $2.4B and a small reserve build. CET1 (standardized) was 14.1% after ~+$103B RWA increase largely from markets financing and lending. The board increased the quarterly dividend to $1.65/share effective Q3. Business highlights: Consumer & Community Banking showed resilient consumer spending, +500k net new checking accounts, deposits +3% YoY; Corporate & Investment Bank delivered strong revenue (+27% YoY) with especially strong equity revenues and healthy IB pipeline; Asset & Wealth Management reported $2B net income, $50B long-term net inflows, AUM $5.1T. Updated full-year outlook: NII ex-Markets raised to ~$96.5B and total NII to ~$105.5B (markets NII ~ $9B); adjusted expense outlook raised to ~$107.5B primarily due to higher activity-driven costs; card net charge-off rate now expected ~3.2%. Management emphasized continued investment (branches, AI, tech, bankers) while monitoring operating leverage, AI-driven efficiency opportunities, and measured capital deployment (organic growth focus, buybacks/dividends balanced against deployment opportunities). Succession: the board elevated two co-presidents and indicated Jamie’s previously communicated timetable for succession is unchanged. Management signaled vigilance on underwriting standards and credit, and advocated for regulatory clarity around capital and liquidity rules.