JPM · 10-Q · 2026Q2 · Full report

Wealth Management Growth

JPMORGAN CHASE & CO · 2026-08-06 · Importance 60 · Surprise 40 · No source text

Asset & Wealth Management net revenue increased 15% year over year to $13.2 billion for the six months ended June 30, 2026, while net income increased 22% to $3.7 billion. Asset Management revenue increased 19% to $6.4 billion, driven by higher asset management fees from higher average market levels and strong net inflows, as well as higher investment valuation gains. Global Private Bank revenue increased 12% to $6.8 billion, reflecting higher management fees, brokerage commissions and net interest income from higher average loans, partly offset by narrower loan spreads. Total AWM assets increased 20% to $323.2 billion at June 30, 2026, while Global Private Bank loans increased 20% to $293.4 billion and the number of client advisors increased 10% to 4,119.

Key facts

• Assets under management were $5.1 trillion, up 18%. source
• Client assets were $7.7 trillion, up 19%. source
• Total assets under management were $5,140 billion as of June 30, 2026, compared with $4,343 billion as of June 30, 2025. source
• Assets under management (AUM) in AWM at Q2 2026: $5.1 trillion, up 18% year-over-year. source
• Total net revenue for Asset & Wealth Management for the three months ended June 30, 2026: $6,851 million. source
• Total assets for Asset & Wealth Management at period-end June 30, 2026: $323,243 million. source
• Asset management fees for Asset & Wealth Management for the three months ended June 30, 2026: $4,227 million. source
• Custody/brokerage/administration/deposits (client assets component) were $2,523 billion as of June 30, 2026, compared with $2,078 billion. source

Impact estimates