JPM · Full Picture

JPMORGAN CHASE & CO — the full picture

Earnings window · 2026-05-01 to 2026-09-24 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Revenue Performance and Mix · Revenue growth & mixPriority 92
    +0.0% liability; 4 sources (news, press_release, sec_filing, transcript); 3 forward row(s); structured_verified
    Firmwide net revenue up 27% or up 15% excluding significant items
  2. Provision for Credit Losses · Credit losses & provisionsPriority 88
    -104.8% net_income; 3 sources (news, press_release, sec_filing); 9 forward row(s); structured_verified
    JPMorgan Chase & Co. projected provision for credit losses of $95.6 billion for 1Q26–1Q28.
  3. Operating Expense Trends · Operating expenses (SG&A)Priority 85
    -16.1% operating_income (realized); 4 sources (news, press_release, sec_filing, transcript); 2 forward row(s); structured_verified
    New adjusted expense outlook for full year 2026: about $107.5 billion.
  4. Credit Card Portfolio · UnclassifiedPriority 84
    +37.2% assets (realized); 4 sources (news, press_release, sec_filing, transcript); 1 forward row(s); structured_verified
    Firm expects FY2026 Card Services NCO rate of ~3.2%
  5. Investment Banking Demand Trends · Demand, orders & backlogPriority 84
    -57.1% liability (realized); 3 sources (news, press_release, sec_filing); 1 forward row(s); quote_verified
    JPMorgan forecast mid-to-high-teens growth in investment-banking fees and markets revenue for the third quarter.
  6. Markets and Securities Services Activity · UnclassifiedPriority 83
    -2.1% liability; 3 sources (news, press_release, sec_filing); 7 forward row(s); structured_verified
    CIB Markets & Securities Services revenue: $13,691 million, up 33%; Securities Services revenue: $1.7 billion, up 17%
  7. International Banking Market Growth · UnclassifiedPriority 82
    +30.6% assets (realized); 3 sources (news, press_release, sec_filing); 2 forward row(s); structured_verified
    Average loans up 10% year-over-year and up 2% quarter-over-quarter; average deposits up 7% year-over-year and up 3% quarter-over-quarter (firmwide)
  8. American Dream Housing Initiative · UnclassifiedPriority 81
    +12.7% assets; 4 forward row(s); quote_verified
    JPMorgan announced a $750 billion multi-year program to enhance housing supply and affordable lending through 2035, aiming to build or preserve approximately 1 million affordable housing units and facilitate 500,000 home purchases, with 200,000 being first-time homeowners.
  9. Profit & loss projections (PPNR and components) · UnclassifiedPriority 80
    +304.6% operating_income; 2 sources (news, press_release); 9 forward row(s); quote_verified
    JPMorgan Chase & Co. projected nine-quarter cumulative Pre-provision net revenue (PPNR) of $135.9 billion for 1Q26–1Q28.
  10. Capital Ratios and RWA · UnclassifiedPriority 79
    -1.1% assets; 4 sources (news, press_release, sec_filing, transcript); 3 forward row(s); structured_verified
    Basel III Standardized RWA for JPMorgan Chase & Co. were $1,982 billion in actual 4Q25 and projected $2,089 billion in 1Q28.
  11. Credit Provided and Capital Raised · UnclassifiedPriority 78
    +34.7% assets (realized); 2 sources (press_release, sec_filing); structured_verified
    Approximately $1.9 trillion of credit and capital raised year-to-date, comprised of $160 billion for consumers, $17 billion for U.S. small businesses, $1.7 trillion for corporations and non-U.S. government entities, and $52 billion for nonprofit and U.S. government entities
  12. Significant Items (Visa & Equity Gains) · UnclassifiedPriority 78
    +17.2% net_income (realized); 3 sources (news, press_release, sec_filing); structured_verified
    Firm significant items in 2Q26: $4.6 billion net gain related to Visa shares and $1.0 billion of gains on certain equity investments

Threads by pillar

Revenue & Demand Priority 97 · 10 threads

Costs & Margins Priority 97 · 17 threads

Capital & Balance Sheet Priority 95 · 21 threads

Strategy & Portfolio Priority 85 · 18 threads

Legal, Regulatory & Policy Priority 80 · 12 threads

Guidance & Outlook Priority 76 · 5 threads

Macro & Market Conditions Priority 87 · 19 threads

Management & Governance Priority 68 · 8 threads

Shareholders & Street Priority 52 · 5 threads

Unclassified Priority 100 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
operating_income+301.6%+307.6%-8.8%
net_income-267.8%+298.8%+54.9%
revenue+136.7%+136.7%+49.5%
assets+13.4%+15.6%+191.8%
liability-2.4%+2.4%-73.2%
cash-0.7%+1.1%-26.7%
margin-0.8%+0.8%—