JPM · 10-Q · 2026Q1 · Full report

Commercial & Investment Bank Performance

JPMORGAN CHASE & CO · 2026-05-01 · Importance 66 · Surprise 40 · Contradicted

CIB net revenue for the three months ended March 31, 2026 was $23.4 billion, up 19% year-over-year, and net income was $9.0 billion, up 30%. Banking & Payments revenue was $10.4 billion (up 19%), including Investment Banking revenue of $3.1 billion (up 38%), with advisory fees up 82% to $1.3 billion and equity underwriting up 46% to $472 million; debt underwriting was down 7% to $1.1 billion. Markets & Securities Services revenue was $13.0 billion (up 19%), with Fixed Income Markets up 21% to $7.1 billion and Equity Markets up 17% to $4.5 billion, driven by higher client activity across Commodities, Credit and Currencies & Emerging Markets. Noninterest expense rose 13% to $11.1 billion, driven by higher compensation and brokerage expense; the provision for credit losses declined to $482 million from $705 million prior.

Key facts

• CIB total net revenue was $23,379 million for the three months ended March 31, 2026, up from $19,666 million prior year. source
• Banking & Payments revenue was $10,425 million for the three months ended March 31, 2026, up from $8,754 million prior year. source
• Markets revenue up 20% YoY: Fixed Income Markets up 21% and Equity Markets up 17% source
• Total assets for CIB were $2,626,846 million at period-end as of March 31, 2026. source

Impact estimates