JPM · 10-Q · 2026Q2 · Full report

Credit Market Exposure

JPMORGAN CHASE & CO · 2026-08-06 · Importance 66 · Surprise 40

JPMorgan sold protection on $717.008 billion of credit derivatives at June 30, 2026, up from $628.130 billion at December 31, 2025, an increase of approximately 14%. Protection sold included $567.452 billion referencing investment-grade entities and $149.556 billion referencing noninvestment-grade entities, with $455.194 billion maturing in one to five years. Net fair value of protection sold was a $6.032 billion receivable, compared with $5.415 billion at year-end 2025.