JPM · Financials

JPMORGAN CHASE & CO

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-08

• Security and Resiliency InitiativeImportance 64 · Surprise 42
  JPMorgan Chase launched a 10-year, $1.5 trillion Security and Resilience Initiative focused on financing and investing in U.S. national security, supply-chain independence, and infrastructure. The initiative targets…
• Security and Resilience InitiativeImportance 64 · Surprise 42
  JPMorgan Chase launched a 10-year, $1.5 trillion Security and Resilience Initiative. The initiative is intended to finance and invest in U.S. national security, supply-chain independence, and infrastructure. Target…
• Fraud Program Prosecutorial ProbeImportance 40 · Surprise 42
  U.S. federal prosecutors reviewed whistleblower allegations that JPMorgan executives ignored deficiencies in the bank’s antifraud program. The claims also allege that JPMorgan improperly withheld more than $100 million…
• Institutional Ownership ChangesImportance 16 · Surprise 22
  Abner Herrman and Brock LLC reduced its JPMorgan Chase stake by 11.9% during the second quarter. The firm sold 14,396 shares and retained 106,960 shares. The transaction indicates a change in institutional ownership of…
• Q2 Earnings & Bank TrendsImportance 13 · Surprise 6
  JPMorgan reported a 23% return on tangible common equity in the second quarter. All of JPMorgan's business units generated record revenue during Q2. The reported performance indicates broad-based revenue strength…
• Gold Price and Market RisksImportance 7 · Surprise 6
  JPMorgan Chase predicts gold could reach $5,000 per ounce by the fourth quarter of 2026. The forecast positions gold as a hedge against market risks highlighted by CEO Jamie Dimon. The outlook may influence client…

News · 2026-08-07

• Institutional Ownership ChangesImportance 20 · Surprise 24
  JPMorgan reported a 13.00% ownership position in DigitalOcean Holdings after acquiring 2,859,934 shares. JPMorgan also increased its Twilio position by more than 2.8 million shares to 12.2 million shares. Separately,…
• Financial Market TechnologyImportance 17 · Surprise 24
  J.P. Morgan reported that institutional traders now rank financial-market technology above access to liquidity as their leading concern, according to a firm survey. AI, blockchain, tokenization, real-time market data,…

10-Q · 2026-08-06

• Securities Financing and Repo ExposureImportance 64 · Surprise 56
  JPMorgan’s gross securities financing activity expanded substantially by June 30, 2026, with securities purchased under resale agreements of $764.0 billion and securities sold under repurchase agreements of $1.01…
• Revenue Performance and MixImportance 62 · Surprise 58
  Firmwide managed net revenue increased 18% year over year to $108.6 billion for the six months ended June 30, 2026, including a $4.6 billion net gain related to Visa shares and $763 million of gains on certain equity…
• Commercial & Investment Bank GrowthImportance 59 · Surprise 48
  CIB managed net revenue rose 27% year over year to $24.9 billion in the second quarter and 23% to $48.2 billion in the first half of 2026. Investment banking revenue increased 45% to $3.9 billion in the quarter and 42%…
• Noninterest Revenue DriversImportance 59 · Surprise 48
  Investment banking fees increased 28% to $3.208 billion in the second quarter of 2026 from $2.499 billion, and increased 30% to $6.066 billion for the first six months. Principal transactions revenue rose 26% to $9.007…
• Principal Transactions GrowthImportance 59 · Surprise 48
  Principal transactions revenue increased 26% to $9,007 million in the second quarter of 2026 from $7,149 million in the prior-year period. Equity revenue rose to $5,984 million from $3,836 million, while interest-rate…
• Asset & Wealth Management GrowthImportance 58 · Surprise 40
  AWM managed net revenue increased 19% year over year to $6.9 billion in the second quarter and 15% to $13.2 billion in the first half of 2026. Asset Management revenue rose 23% to $3.3 billion in the quarter and 19% to…
• Cash Flow Hedge LossesImportance 57 · Surprise 64
  Cash flow hedges produced a $2.443 billion reduction in accumulated other comprehensive income during the first six months of 2026, compared with a $4.222 billion increase in the first six months of 2025. Interest-rate…
• Downgrade Trigger Liquidity ImpactImportance 57 · Surprise 72
  At June 30, 2026, OTC and OTC-cleared derivative payables containing ratings-based collateral or termination triggers had aggregate fair value of $25.0 billion, up from $20.0 billion at December 31, 2025. JPMorgan had…
• Capital Ratios and Balance SheetImportance 55 · Surprise 32
  Standardized CET1 capital increased to $302.6 billion at June 30, 2026 from $288.5 billion at December 31, 2025, while the Standardized CET1 ratio declined to 14.2% from 14.6% as risk-weighted assets increased to $2.13…
• Interest Rate and Refinancing ExposureImportance 55 · Surprise 32
  JPMorgan’s interest-rate hedges primarily cover SOFR benchmark risk in fixed-rate long-term debt and available-for-sale securities, while cash-flow hedges cover SOFR- and Prime-indexed floating-rate assets. At June 30,…
• Wholesale Credit Risk TrendsImportance 55 · Surprise 32
  Wholesale credit exposure increased to $1.674 trillion at June 30, 2026 from $1.544 trillion at December 31, 2025, driven by higher CIB loans, AWM securities-based lending and CIB lending commitments reflecting client…
• Operating Expense TrendsImportance 54 · Surprise 40
  Firmwide managed noninterest expense increased 14% year over year to $54.2 billion for the six months ended June 30, 2026, and increased 15% to $27.3 billion in the second quarter. CCB first-half expense rose 12% to…
• Loans and DepositsImportance 54 · Surprise 40
  Firmwide average loans increased 10% year over year to approximately $1.5 trillion, driven primarily by higher CIB and AWM balances. Period-end loans increased to $1.54 trillion at June 30, 2026 from $1.49 trillion at…
• Wholesale Lending DemandImportance 54 · Surprise 40
  Firmwide average loans increased 10% year over year to approximately $1.5 trillion, predominantly driven by higher CIB and AWM loans. Average Banking & Payments loans in CIB increased 13% year over year and 5%…
• Interest Rate EnvironmentImportance 54 · Surprise 40
  Lower interest rates partially offset JPMorganChase’s second-quarter 2026 net interest income growth. Net interest income increased to $25.5 billion, up 10% year over year, driven by higher Markets net interest income,…
• Credit Derivatives ActivityImportance 54 · Surprise 40
  As of June 30, 2026, JPMorgan had sold $717.0 billion of credit protection and purchased $812.3 billion under credit derivatives, producing net purchased protection of $95.3 billion, plus $36.0 billion of other…
• Enhanced SLR Final RuleImportance 52 · Surprise 68
  JPMorgan early adopted the enhanced Supplementary Leverage Ratio final rule on January 1, 2026. The rule replaced static leverage buffers for GSIB holding companies and insured depository institution subsidiaries with…
• Country Exposure ConcentrationImportance 51 · Surprise 64
  JPMorgan’s largest non-U.S. country exposures at June 30, 2026 were Germany at $107.7 billion, the United Kingdom at $99.1 billion and Japan at $79.3 billion. France increased to $43.4 billion from $29.5 billion at…
• CIB Capital Allocation ShiftImportance 50 · Surprise 58
  During the three months ended June 30, 2026, JPMorgan increased capital allocated to the Commercial & Investment Bank from Corporate by $8.5 billion. The increase was made in connection with growth in the CIB business.…
• Principal Investments PortfolioImportance 50 · Surprise 58
  Aggregate principal investment carrying value increased 15.1% to $54.1 billion at June 30, 2026 from $47.0 billion at December 31, 2025. Private equity, debt, equity instruments and real assets increased 67.3% to $18.9…
• Net Interest Income TrendsImportance 49 · Surprise 32
  Managed net interest income increased 9% year over year to $51.1 billion for the six months ended June 30, 2026, while second-quarter managed net interest income increased 10% to $25.6 billion. Excluding Markets,…
• Consumer Banking PerformanceImportance 49 · Surprise 32
  CCB managed net revenue increased 8% year over year to $20.3 billion in the second quarter and 7% to $39.8 billion in the first half of 2026. First-half CCB net interest income increased 5% to $29.8 billion, while…
• Deposit Growth and CompositionImportance 49 · Surprise 32
  Firmwide period-end deposits increased to $2,713.7 billion at June 30, 2026 from $2,559.3 billion at December 31, 2025, while average deposits rose 7.2% year over year to $2,685.6 billion in the second quarter.…
• Loans and Portfolio CompositionImportance 49 · Surprise 32
  Total loans increased 3.3% to $1,542.5 billion at June 30, 2026 from $1,493.4 billion at December 31, 2025, while the total credit portfolio increased 5.1% to $3,588.7 billion. Wholesale loans increased $57.5 billion,…
• Credit Card PortfolioImportance 49 · Surprise 32
  Credit card exposure increased to $1,474.3 billion at June 30, 2026 from $1,425.6 billion at December 31, 2025, including retained loans of $249.9 billion. Credit card loan growth reflected new accounts, partly offset…
• Consumer Credit PortfolioImportance 49 · Surprise 32
  Total consumer credit exposure increased 2.3% to $1,915.2 billion at June 30, 2026 from $1,871.4 billion at December 31, 2025, driven primarily by a $48.7 billion increase in credit card exposure. Consumer exposure…
• Wholesale Credit Growth and QualityImportance 49 · Surprise 32
  The wholesale credit portfolio increased 8.4% to $1,673.6 billion at June 30, 2026 from $1,544.4 billion at December 31, 2025, including $900.8 billion of loans and $622.8 billion of lending-related commitments.…
• Consumer Credit DemandImportance 49 · Surprise 32
  Total credit card loans increased from December 31, 2025 as new-account growth more than offset the seasonal reduction from elevated year-end balances. Credit card exposure, including lending commitments, increased to…
• Investment Securities PortfolioImportance 49 · Surprise 32
  Total investment securities increased 3% to $786.358 billion at June 30, 2026 from $760.542 billion at December 31, 2025. Available-for-sale securities increased $28.850 billion to $536.048 billion, while…
• Geopolitical Market Volatility OutlookImportance 48 · Surprise 40
  JPMorgan reported $5.7 billion of net gains on Level 3 assets and $2.7 billion of net losses on Level 3 liabilities for the six months ended June 30, 2026, predominantly reflecting market movements in derivative…
• European Digital Banking ExpansionImportance 46 · Surprise 42
  JPMorgan’s international consumer initiatives include Chase U.K. and Chase Europe, along with J.P. Morgan Personal Investing and an ownership stake in C6 Bank. Chase Europe launched in Germany in May 2026, marking an…
• Wholesale Industry ConcentrationsImportance 42 · Surprise 40
  Real Estate was the largest wholesale industry exposure at $230.4 billion at June 30, 2026, up from $224.9 billion, with criticized exposure increasing $571 million to $12.2 billion. Consumer & Retail exposure…
• Structured Notes Client DemandImportance 42 · Surprise 40
  Net issuances of structured notes in Markets increased funding balances and average unsecured borrowed funds, primarily because of client demand and higher fair values. Structured notes outstanding rose to $152.5…
• Derivative Receivables GrowthImportance 42 · Surprise 40
  Net derivative receivables increased 17.3% to $67.8 billion at June 30, 2026 from $57.8 billion at December 31, 2025, driven by foreign exchange and equity derivatives as a result of market movements. After liquid…
• Interest Rate Risk SensitivityImportance 42 · Surprise 40
  JPMorgan’s earnings-at-risk sensitivity to a 100-basis-point parallel rate increase declined to $1.8 billion at June 30, 2026 from $2.1 billion at year-end, while sensitivity to a 200-basis-point increase declined to…
• Structured Notes ExposureImportance 42 · Surprise 40
  JPMorgan’s structured notes totaled $193.1 billion at June 30, 2026, up from $165.0 billion at December 31, 2025, an increase of approximately 17%. Interest-rate-linked notes were the largest exposure at $98.8 billion,…
• Consumer Product And Channel GrowthImportance 41 · Surprise 48
  JPMorgan expanded its consumer distribution footprint to 5,135 branches from 4,994 and grew its digital customer base materially year over year. Banking & Wealth Management benefited from higher transaction volume, new…
• Investment Banking Demand TrendsImportance 40 · Surprise 56
  Investment banking fees increased 30% year over year in CIB, supported by higher equity underwriting from large IPOs and convertible securities offerings, higher investment-grade loan and bond underwriting, and higher…
• International Regulatory CapitalImportance 40 · Surprise 42
  The U.K. Prudential Regulation Authority announced that implementation of the final Basel III standards would be delayed until January 1, 2027, with a three-year transitional period for certain aspects. J.P. Morgan…
• Capital Return ProgramImportance 37 · Surprise 6
  JPMorgan repurchased $15.146 billion of treasury stock during the six months ended June 30, 2026, compared with $15.185 billion in the prior-year period. Second-quarter repurchases totaled $6.768 billion, compared with…
• FASB Accounting Standards ChangesImportance 37 · Surprise 42
  FASB issued multiple standards that will change JPMorganChase’s reporting requirements beginning in 2027 and 2028. The standards address expense disaggregation, derivative scope, internal-use software capitalization,…
• Derivative Notional GrowthImportance 35 · Surprise 48
  Total derivative notional amounts increased to $65.8 trillion at June 30, 2026 from $50.6 trillion at December 31, 2025, a 29.9% increase. Interest-rate contract notionals rose to $39.0 trillion from $29.5 trillion,…
• Derivatives Market ActivityImportance 35 · Surprise 48
  JPMorgan makes markets in derivatives for clients and uses derivatives to hedge or manage its own risk exposures across interest-rate, credit, foreign-exchange, equity and commodity products. Total derivative notional…
• Fair Value and Level 3 AssetsImportance 33 · Surprise 6
  Assets measured at fair value totaled $2.257 trillion at June 30, 2026, including $2.252 trillion measured on a recurring basis and $33.732 billion classified as level 3. Trading assets totaled $1.062 trillion,…
• Allowance for Credit LossesImportance 31 · Surprise 32
  The allowance for credit losses reached $31.5 billion at June 30, 2026, a $303 million increase from December 31, 2025. Wholesale allowances increased by $473 million, reflecting loan portfolio growth and changes in…
• Credit Costs and AllowanceImportance 30 · Surprise 40
  Firmwide provision for credit losses declined 18% year over year to $5.0 billion for the six months ended June 30, 2026, while second-quarter provision declined 12% to $2.5 billion. CCB first-half provision decreased…
• Level 3 Fair Value AssetsImportance 30 · Surprise 40
  Level 3 assets reached $30.0 billion at June 30, 2026, increasing $1.9 billion from March 31, 2026 and $4.9 billion from December 31, 2025. The increase was predominantly driven by higher non-U.S. government debt…
• Headcount / Centralization of RiskImportance 22 · Surprise 42
  In the first quarter of 2026, JPMorgan centralized Risk functions previously aligned with the lines of business into Corporate. Employees and related compensation expense moved to Corporate, with corresponding expense…
• Wholesale Credit Costs and NCOsImportance 20 · Surprise 24
  Wholesale nonaccrual loan exposure decreased by $236 million to $4.916 billion at June 30, 2026, primarily because of paydowns, charge-offs and loan sales in SPEs, Individuals, Technology, Media & Telecommunications,…
• Wholesale Credit Quality TrendsImportance 20 · Surprise 24
  Wholesale net charge-offs decreased by $136 million year over year in the second quarter and by $203 million for the six months ended June 30, 2026. The improvement was concentrated in Commercial and Industrial…
• Stress Test Capital RequirementsImportance 17 · Surprise 24
  In October 2025, the Federal Reserve proposed greater transparency and public accountability for annual supervisory stress tests, including public comment on comprehensive models, scenarios and material changes. The…
• Investment Banking Market PositionImportance 10 · Surprise 6
  JPMorgan maintained substantial global and U.S. wallet shares across advisory, equity and equity-related underwriting, long-term debt, and loan syndications. For the six months ended June 30, 2026, global wallet share…