JPM · 10-Q · 2026Q2 · Full report

Wholesale Credit Quality Trends

JPMORGAN CHASE & CO · 2026-08-06 · Importance 20 · Surprise 24 · In source text

Wholesale net charge-offs decreased by $136 million year over year in the second quarter and by $203 million for the six months ended June 30, 2026. The improvement was concentrated in Commercial and Industrial exposures, particularly Technology, Media & Telecommunications and Healthcare, with additional improvement in Real Estate for the six-month period. The wholesale net charge-off rate declined to 0.10% from 0.19% for the quarter and to 0.08% from 0.15% for the six months. Average retained wholesale loans increased 14.7% year over year to $825.4 billion for the quarter and 15.0% to $809.6 billion for the six months.

Key facts

• Wholesale nonperforming exposure decreased by $398 million as of June 30, 2026, driven by certain exposures in Real Estate and Technology, Media & Telecommunications. source
• Total nonperforming exposure for the Firm at June 30, 2026: $10,648 million; at December 31, 2025: $11,284 million. source
• Wholesale nonaccrual loans net change was (268) million and ending balance was $4,916 million for the six months ended June 30, 2026. source
• Nonperforming assets as of June 30, 2026: $9,849 million, down 6% versus $10,480 million in the prior year source
• Since June 30, 2025, nonaccrual loan exposure decreased by $236 million. source
• Wholesale nonaccrual loan additions were $1,826 million for the six months ended June 30, 2026. source
• Wholesale nonaccrual loan total reductions were $2,094 million for the six months ended June 30, 2026. source
• Wholesale nonaccrual loans beginning balance was $5,184 million for the six months ended June 30, 2026. source

Impact estimates