JPM · 10-Q · 2026Q2 · Full report

Commercial & Investment Bank Growth

JPMORGAN CHASE & CO · 2026-08-06 · Importance 59 · Surprise 48 · No source text

CIB managed net revenue rose 27% year over year to $24.9 billion in the second quarter and 23% to $48.2 billion in the first half of 2026. Investment banking revenue increased 45% to $3.9 billion in the quarter and 42% to $7.0 billion year to date, with first-half equity underwriting fees up 65% to $1.3 billion and advisory fees up 48% to $2.3 billion. Markets & Securities Services revenue increased 33% to $13.7 billion in the quarter and 26% to $26.6 billion in the first half, led by Equity Markets revenue growth of 86% and 49%, respectively. CIB noninterest expense rose 18% to $11.4 billion in the quarter and 16% to $22.5 billion year to date, primarily from higher compensation and brokerage expense.

Key facts

• CIB net income for the three months ended June 30, 2026: $9,678 million, up 46% year-over-year. source
• CIB total net revenue for the three months ended June 30, 2026: $24,853 million (managed basis). source
• CIB: Return on equity (ROE) for CIB in Q2 2026: 22% source

Impact estimates