JPM · 10-Q · 2026Q2 · Full report
Wholesale Industry Concentrations
JPMORGAN CHASE & CO · 2026-08-06 · Importance 42 · Surprise 40 · No source text
Real Estate was the largest wholesale industry exposure at $230.4 billion at June 30, 2026, up from $224.9 billion, with criticized exposure increasing $571 million to $12.2 billion. Consumer & Retail exposure increased to $140.3 billion from $133.9 billion, while criticized exposure increased $1.3 billion to $9.3 billion, predominantly from downgrades. Technology, Media & Telecommunications exposure increased to $106.6 billion from $97.8 billion, and Industrials exposure increased to $86.1 billion from $80.6 billion. Multifamily represented $130.1 billion of Real Estate exposure, approximately 99% of which was performing, while approximately 82% of total Real Estate exposure was secured.
Key facts
- Real Estate wholesale exposure at June 30, 2026: $230.4 billion; criticized exposure increased by $571 million from $11.7 billion at December 31, 2025 to $12.2 billion at June 30, 2026. source
- Consumer & Retail wholesale exposure at June 30, 2026: $140.3 billion; criticized exposure increased by $1.3 billion from $8.0 billion at December 31, 2025 to $9.3 billion at June 30, 2026. source
- Total criticized wholesale exposure at June 30, 2026: $50.3 billion, representing approximately 3.3% of total wholesale credit exposure; at December 31, 2025: $48.5 billion, representing approximately 3.4%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | negative | realized | -0.0% | Total criticized wholesale exposure at June 30, 2026: $50.3 billion, representing approximately 3.3% of total wholesale credit exposure;… |
| liability | negative | contingent | — | Real Estate wholesale exposure at June 30, 2026: $230.4 billion; criticized exposure increased by $571 million from $11.7 billion at… |