JPM · 10-Q · 2026Q2 · Full report
Securities Financing Expansion
JPMORGAN CHASE & CO · 2026-08-06 · Importance 64 · Surprise 56 · No source text
Gross securities purchased under resale agreements increased to $763.996 billion at June 30, 2026, from $618.516 billion at December 31, 2025, while gross securities sold under repurchase agreements increased to $1.009979 trillion from $715.251 billion. Gross securities borrowed increased to $456.957 billion from $357.361 billion, and gross securities loaned and other increased to $125.394 billion from $86.829 billion. Net securities purchased under resale agreements declined to $6.499 billion from $12.209 billion after netting and collateral, while net securities borrowed increased to $61.198 billion from $51.725 billion. Overnight and continuous repurchase agreements totaled $580.119 billion at June 30, 2026, compared with $406.605 billion at December 31, 2025.
Key facts
- Included securities-for-securities lending agreements of $18.3 billion at June 30, 2026 and $6.6 billion at December 31, 2025 accounted for at fair value where the Firm is acting as lender. source
- Gross liability balance of equity securities pledged in securities sold under repurchase agreements was $89,552 million at June 30, 2026 and $42,952 million at December 31, 2025. source
- Securities sold under repurchase agreements gross amount was $1,009,979 million at June 30, 2026 and $715,251 million at December 31, 2025. source
- Securities loaned and other gross amount was $125,394 million at June 30, 2026 and $86,829 million at December 31, 2025. source
- Total securities purchased under resale agreements gross amount was $763,996 million at June 30, 2026 and $618,516 million at December 31, 2025. source
- Securities borrowed gross amount was $456,957 million at June 30, 2026 and $357,361 million at December 31, 2025. source
- Securities sold under agreements to repurchase at June 30, 2026: $692,117 million. source
- Total securities sold under repurchase agreements at June 30, 2026 by remaining contractual maturity: Overnight and continuous $580,119 million; Up to 30 days $264,590 million; 30–90 days $32,866 million; Greater than 90 days $132,404 million; Total $1,009,979 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -5.9% | Securities sold under repurchase agreements gross amount was $1,009,979 million at June 30, 2026 and $715,251 million at December 31, 2025. |
| assets | positive | realized | +2.9% | Total securities purchased under resale agreements gross amount was $763,996 million at June 30, 2026 and $618,516 million at December 31,… |
| liability | negative | realized | -2.0% | Securities borrowed gross amount was $456,957 million at June 30, 2026 and $357,361 million at December 31, 2025. |
| liability | negative | realized | -0.9% | Gross liability balance of equity securities pledged in securities sold under repurchase agreements was $89,552 million at June 30, 2026… |
| assets | positive | realized | +0.8% | Securities loaned and other gross amount was $125,394 million at June 30, 2026 and $86,829 million at December 31, 2025. |
| assets | positive | realized | +0.2% | Included securities-for-securities lending agreements of $18.3 billion at June 30, 2026 and $6.6 billion at December 31, 2025 accounted… |
| liability | negative | realized | — | Total securities sold under repurchase agreements at June 30, 2026 by remaining contractual maturity: Overnight and continuous $580,119… |
| assets | unclear | realized | — | Total securities loaned and other at June 30, 2026 by remaining contractual maturity: Overnight and continuous $111,723 million; Up to 30… |
| liability | unclear | realized | — | Total client deposits and other third-party liabilities (average) for Markets & Securities Services for the three months ended June 30,… |