JPM · 10-Q · 2026Q2 · Full report

Headcount / Centralization of Risk

JPMORGAN CHASE & CO · 2026-08-06 · Importance 22 · Surprise 42

In the first quarter of 2026, JPMorgan centralized Risk functions previously aligned with the lines of business into Corporate. Employees and related compensation expense moved to Corporate, with corresponding expense allocations reflected in the lines of business, including Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management. The reallocation had no impact on total noninterest expense, and prior periods were revised to conform to the new presentation.

Key facts

• In the first quarter of 2026, Risk functions previously aligned with the LOBs were centralized into Corporate, and related employees and compensation are now reflected in Corporate. source
• Employees as of June 30, 2026: 320,560 source
• Number of Global Private Bank client advisors at June 30, 2026: 4,119. source
• Employees (Firm) at June 30, 2026: 144,079. source