JPM · News · 20260916N
Guidance / Outlook
JPMORGAN CHASE & CO · 2026-09-16 · Importance 44 · Surprise 58 · In source text
JPMorgan’s Commercial & Investment Bank expects strong third-quarter investment-banking fees and markets revenue, with broad-based strength across the division. Co-president Doug Petno said the bank sees "nothing flashing red" in the U.S. economy, but is monitoring weakness among companies serving lower-income consumers and businesses vulnerable to artificial-intelligence disruption. He described private-equity activity as returning to normal while cautioning about some 2019–2021 investment vintages and risks in private credit. Separately, third-quarter investment-banking fees and markets revenue were reported as expected to grow at mid-to-high-teens rates.
Key facts
- Zacks Research reported JPMorgan exceeded quarterly expectations with $6.14 EPS and $58.02 billion in revenue. source
- Doug Petno said JPMorgan sees "nothing flashing red" in the U.S. economy. source
- Petno said JPMorgan is monitoring some weakness among companies serving lower-income consumers and those vulnerable to AI disruption. source
- Petno noted a return to normal for private equity activity but expressed caution regarding some 2019-2021 vintage investments and the private credit market. source
- Dimon said he does not foresee an imminent downturn, citing low unemployment and corporate profitability, and emphasized that the labor market is the most critical indicator for broader economic stress. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | — | Zacks Research reported JPMorgan exceeded quarterly expectations with $6.14 EPS and $58.02 billion in revenue. |
| net_income | positive | realized | — | Zacks Research reported JPMorgan exceeded quarterly expectations with $6.14 EPS and $58.02 billion in revenue. |