JPM · 8-K · 20260714PR048086
Significant Items (Visa & Equity Gains)
JPMORGAN CHASE & CO · 2026-07-14 · Importance 84 · Surprise 100 · From source text
The firm recorded significant items in 2Q26 that included a $4.6B net gain related to Visa shares in Corporate and $1.0B of gains on certain equity investments ($763mm in Corporate and $263mm in CIB). These significant items increased pretax income by ~$5.6B ($4.55B pretax for the Visa gain and $1.026B pretax for equity gains) and increased reported net income and EPS materially for the quarter. Excluding significant items, 2Q26 net income would be $16.9B (vs $21.2B reported), EPS would be $6.14 (vs $7.70 reported) and ROTCE would be 23% (vs 29% reported). Management presents results excluding these items to aid comparability.
Key facts
- Corporate revenue of $6.046B in 2Q26, up $4.831B vs 1Q26 and up $4.508B vs 2Q25 source
- Significant items: Net gain related to Visa shares in Corporate of $4,550mm pretax, $3,443mm net income, $1.27 EPS impact source
- Excluding significant items, 2Q26 net income of $16.9B, EPS of $6.14 and ROTCE of 23% source
- Gains on certain equity investments totaling $1,026mm pretax: $763mm in Corporate and $263mm in CIB; $776mm net income; $0.29 EPS impact source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +9.1% | Significant items: Net gain related to Visa shares in Corporate of $4,550mm pretax, $3,443mm net income, $1.27 EPS impact |
| net_income | positive | realized | +6.9% | Significant items: Net gain related to Visa shares in Corporate of $4,550mm pretax, $3,443mm net income, $1.27 EPS impact |
| revenue | positive | realized | +3.1% | Corporate revenue of $6.046B in 2Q26, up $4.831B vs 1Q26 and up $4.508B vs 2Q25 |
| revenue | positive | realized | +2.4% | Corporate revenue of $6.046B in 2Q26, up $4.831B vs 1Q26 and up $4.508B vs 2Q25 |
| revenue | positive | realized | +2.1% | Gains on certain equity investments totaling $1,026mm pretax: $763mm in Corporate and $263mm in CIB; $776mm net income; $0.29 EPS impact |
| net_income | positive | realized | +1.6% | Gains on certain equity investments totaling $1,026mm pretax: $763mm in Corporate and $263mm in CIB; $776mm net income; $0.29 EPS impact |
| net_income | positive | realized | — | Excluding significant items, 2Q26 net income of $16.9B, EPS of $6.14 and ROTCE of 23% |