JPM · 10-Q · 2026Q2 · Full report

Country Exposure Concentration

JPMORGAN CHASE & CO · 2026-08-06 · Importance 51 · Surprise 64 · No source text

JPMorgan’s largest non-U.S. country exposures at June 30, 2026 were Germany at $107.7 billion, the United Kingdom at $99.1 billion and Japan at $79.3 billion. France increased to $43.4 billion from $29.5 billion at December 31, 2025, while Canada rose to $24.9 billion from $18.4 billion. Malaysia increased to $11.0 billion from $4.1 billion, the United Arab Emirates to $10.2 billion from $5.7 billion, and Norway to $8.1 billion from $3.7 billion, reflecting changes in client activity, market flows and liquidity management.

Key facts

• Top 20 country exposures (excluding the U.S.) represented 86% and 87% of total Firmwide non-U.S. exposure at June 30, 2026 and December 31, 2025, respectively. source
• Germany total exposure was $107.7 billion at June 30, 2026 and $101.7 billion at December 31, 2025. source
• France total exposure was $43.4 billion at June 30, 2026 and $29.5 billion at December 31, 2025. source
• United Kingdom total exposure was $99.1 billion at June 30, 2026 and $93.2 billion at December 31, 2025. source
• Japan total exposure was $79.3 billion at June 30, 2026 and $79.3 billion at December 31, 2025. source

Impact estimates