JPM · 10-Q · 2026Q2 · Full report
Liquidity and Cash Position
JPMORGAN CHASE & CO · 2026-08-06 · Importance 66 · Surprise 40 · No source text
At June 30, 2026, JPMorganChase reported approximately $956 billion of eligible high-quality liquid assets and $541 billion of unencumbered marketable securities, providing approximately $1.5 trillion of liquidity sources. Total assets increased 13% from December 31, 2025 to $5.0 trillion, while deposits increased 6% to $2.7 trillion and long-term debt increased 6% to $460.5 billion. Six-month operating cash flow used $237.0 billion and investing cash flow used $211.4 billion, while financing activities provided $419.5 billion; cash and due from banks plus deposits with banks declined $33.5 billion. Deposit growth was concentrated in CIB Payments and Securities Services, Corporate international consumer initiatives and CCB new accounts, while AWM deposits declined because of seasonal tax outflows and migration into other investment products.
Key facts
- Cash and due from banks at June 30, 2026: $24,720 million; Deposits with banks at June 30, 2026: $285,091 million; Combined cash and deposits with banks at June 30, 2026: $309,811 million at period end (cash and due from banks and deposits with banks). source
- Approximately $1.5 trillion of liquidity sources as of June 30, 2026 (HQLA plus unencumbered marketable securities). source
- Total Firm assets at June 30, 2026: $5,015,069 million. source
- Average interest-earning assets (reported) for the three months ended June 30, 2026: $4,287,954 million. source
- The Firm’s net cash outflows for the three months ended June 30, 2026 were $885,521 million, resulting in net excess eligible HQLA of $89,891 million and an LCR of (implied) above 100%. source
- Firmwide estimated uninsured deposits at June 30, 2026: $1,743.9 billion. source
- Total short-term secured funding at June 30, 2026: $765,045 million. source
- Firm had eligible end-of-period High Quality Liquid Assets (HQLA) of approximately $956 billion as of June 30, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +19.4% | The Firm’s average HQLA for the three months ended June 30, 2026 was $975,412 million (eligible cash $280,257 million; eligible securities… |
| cash | negative | realized | -17.7% | The Firm’s net cash outflows for the three months ended June 30, 2026 were $885,521 million, resulting in net excess eligible HQLA of… |
| cash | negative | realized | -4.7% | Net cash used in operating activities for six months ended June 30, 2026: $(237,044) million. |
| cash | negative | realized | -0.7% | Net decrease in cash and due from banks and deposits with banks for six months ended June 30, 2026: $(33,527) million. |
| assets | positive | realized | — | Approximately $1.5 trillion of liquidity sources as of June 30, 2026 (HQLA plus unencumbered marketable securities). |
| assets | positive | realized | — | Total Firm assets at June 30, 2026: $5,015,069 million. |
| assets | positive | realized | — | Average interest-earning assets (reported) for the three months ended June 30, 2026: $4,287,954 million. |
| liability | negative | realized | — | Firmwide estimated uninsured deposits at June 30, 2026: $1,743.9 billion. |
| liability | negative | realized | — | Total short-term secured funding at June 30, 2026: $765,045 million. |
| liability | negative | realized | — | Federal funds purchased and securities loaned or sold under repurchase agreements at June 30, 2026: $704,918 million. |
| assets | unclear | realized | — | For June 30, 2026, available end-of-period HQLA excluding regulatory haircuts was approximately $956 billion and unencumbered marketable… |
| assets | unclear | realized | — | For June 30, 2026, available end-of-period HQLA excluding regulatory haircuts was approximately $956 billion and unencumbered marketable… |