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 growth in deposits and loans. Expenses were $27.3B (up 15% YoY) mainly from volume/revenue-related costs, front-office hiring and labor inflation. Credit costs were modest at $2.5B with net charge-offs of $2.4B. The CET1 ratio (standardized) was 14.1%, down 20 bps q/q due to higher RWA (+~$103B) from financing in markets and lending growth. The board intends to raise the quarterly dividend to $1.65/share effective Q3. Business highlights: Consumer & Community Banking showed resilient consumer spend, +500k net new checking accounts and modest deposit growth; Corporate & Investment Bank delivered notable strength (CIB revenue +27% YoY), with equity sales/trading exceptionally strong and IB fees up 30% YoY; Asset & Wealth Management had $50B long-term net inflows and AUM $5.1T (up 18% YoY). Outlook/guidance revisions: full-year NII ex-Markets raised to ~$96.5B and total NII to ~$105.5B (markets NII ~ $9B). Adjusted expense outlook increased to ~$107.5B, primarily reflecting higher volume/revenue-related expenses tied to the revenue outperformance. Card net charge-off guidance improved to ~3.2%. Capital deployment: management emphasizes organic deployment opportunities with a continued bias to return capital but remains open to inorganic moves; CCAR-driven dividend increase announced. Key themes & risks: management is investing (branches, bankers, tech/AI) while acknowledging expense pressure and uncertain duration of robust markets activity; AI is a major strategic focus with numerous use cases but benefits are expected to accrue competitively (and to customers) over time; succession planning updates (two co-presidents elevated) with Jamie saying the previously communicated timetable for transition remains unchanged; regulatory and deposit-behavior risks remain watch items — particularly deposit betas/convexity if rates move materially higher.