Jpmorgan Chase & Stock Earnings Reports

JPMorgan Chase reported Q1 2026 net income of $16.5 billion, EPS $5.94 and ROTCE 23%. Revenue was $50.5 billion (+10% y/y) driven by stronger Markets, Asset Management, Investment Banking fees and net interest income (NII) from balance sheet growth (partly offset by lower rates). Expenses rose 14% y/y to $26.9 billion (compensation, front-office hiring, brokerage/distribution), credit costs were $2.5 billion with net charge-offs $2.3 billion and a small reserve build. Standardized CET1 fell to 14.3% q/q driven by capital distributions and higher RWA (Markets activity and higher energy prices); management estimates the Basel III endgame + G‑SIB reproposals could raise required capital by roughly $20 billion for JPMorgan (including a planned 5.2% G‑SIB surcharge in 2028 vs. 4.5% today). Business highlights: Consumer & Community Banking (CCB) net income $5.0 billion with resilient consumer spend, deposits +2% y/y, home lending originations +46% y/y; Corporate & Investment Bank (CIB) net income $9.0 billion with IB fees +28% y/y and strong Markets performance; Asset & Wealth Management (AWM) net income $1.8 billion with long-term net inflows $54 billion and AUM $4.8 trillion (+16% y/y). Outlook: NII ex-Markets still expected ~ $95 billion; total NII now expected ~ $103 billion (market NII drop to ~$8 billion offset by NIR); adjusted expense guidance remains ~ $105 billion; card net charge-off rate ~3.4%. Other investor-relevant points: management sees consumer credit resilient but monitors macro/geopolitical risks; private credit exposure of the leveraged-loan/back-leverage type is ~ $50 billion within their defined NBFI bucket and is considered structurally senior and diversified; firm estimates roughly $40 billion of excess capital today and prefers deploying capital to serve clients while remaining cognizant of changing regulatory capital rules. Management flagged AI/cyber as material risks and opportunities, emphasized ongoing investment in risk controls and product innovation, and said Markets flow/volatility remained generally healthy this quarter.