JPM · 10-Q · 2026Q2 · Full report
Guidance / Outlook
JPMORGAN CHASE & CO · 2026-08-06 · Importance 75 · Surprise 60 · In source text
JPMorganChase stated that its full-year 2026 outlook depends on global and U.S. economic conditions, financial-market activity, geopolitical developments, competition, client activity and regulatory or legislative developments in the U.S. and other operating countries. On July 14, 2026, management projected full-year net interest income of approximately $105.5 billion and net interest income excluding Markets of approximately $96.5 billion, both market dependent. Adjusted expense is expected to be approximately $107.5 billion, also market dependent. Management expects the Card Services net charge-off rate to be approximately 3.2% for 2026.
Key facts
- Outlook guidance provided on July 14, 2026: management expects full-year 2026 net interest income to be approximately $105.5 billion and net interest income excluding Markets to be approximately $96.5 billion (market dependent) source
- The Firm expects that approximately $(1.7) billion (after-tax) of net losses recorded in AOCI at June 30, 2026 related to cash flow hedges will be recognized in income over the next 12 months. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | probable | -1.5% | The Firm expects that approximately $(1.7) billion (after-tax) of net losses recorded in AOCI at June 30, 2026 related to cash flow hedges… |
| revenue | unclear | committed | — | Outlook guidance provided on July 14, 2026: management expects full-year 2026 net interest income to be approximately $105.5 billion and… |
| revenue | unclear | committed | — | Outlook guidance provided on July 14, 2026: management expects full-year 2026 net interest income to be approximately $105.5 billion and… |