JPM · 10-Q · 2026Q1 · Full report

Asset & Wealth Management Growth

JPMORGAN CHASE & CO · 2026-05-01 · Importance 66 · Surprise 40 · Matches filing data

Asset & Wealth Management reported net revenue of $6.4 billion for the three months ended March 31, 2026, up 11% year-over-year, with noninterest revenue rising 16% to $4.6 billion. Asset management fees were $4.1 billion, up 15% year-over-year, driven by higher average market levels and strong net inflows; client assets were $7.1 trillion at March 31, 2026, up 18% year-over-year. Assets under management increased to $4.8 trillion (up 16%), driven by market appreciation and net inflows, supporting higher management fees and brokerage commissions. Noninterest expense rose 12% to $4.2 billion, driven by higher compensation and distribution fees associated with growth in private banking advisor teams.

Key facts

• AWM assets under management (AUM) at 1Q26: $4.8 trillion, up 16% source
• Period-end Asset & Wealth Management deposits at March 31, 2026: $266,745 million; at December 31, 2025: $257,316 million source
• Assets under management were $4,789 billion, up 16%; client assets were $7,103 billion, up 18% as of March 31, 2026. source
• Asset management fees for the three months ended March 31, 2026: $5,515 million and for the three months ended March 31, 2025: $4,700 million source
• Asset & Wealth Management total net revenue was $6,374 million for the three months ended March 31, 2026, up 11%. source
• Firmwide Wealth Management client assets were $4,516 billion as of March 31, 2026. source
• AWM assets under management beginning balance was $4,791 billion and ending balance was $4,789 billion for the three months ended March 31, 2026. source
• Client assets beginning balance was $7,118 billion and ending balance was $7,103 billion for the three months ended March 31, 2026. source

Impact estimates