JPM · 10-Q · 2026Q3 · Full report
Markets Trading Demand
JPMORGAN CHASE & CO · 2026-11-03 · Importance 58 · Surprise 56 · No source text
Markets revenue rose 15% in the quarter, with Equity Markets revenue up 49% on strong performance across products, particularly Prime and Derivatives. Fixed Income Markets revenue declined 4%, reflecting lower revenue in Commodities, Rates, Credit and Public Finance, partly offset by higher Currencies & Emerging Markets revenue. Year to date, Equity Markets revenue increased 49% and Fixed Income Markets revenue increased 8%, with strength in Currencies & Emerging Markets, Credit, Securitized Products and Commodities partly offset by weakness in Rates.
Key facts
- For the three months ended September 30, 2026, Equity Markets revenue was $5.0 billion, up 49%, with strong performance particularly in Prime and Derivatives. source
- For the three months ended September 30, 2026, Fixed Income Markets revenue was $5.4 billion, down 4%, as lower Commodities, Rates, Credit and Public Finance revenue was largely offset by higher Currencies & Emerging Markets revenue. source
- Third-quarter principal transactions revenue decreased in CIB due to lower Fixed Income Markets revenue across products, largely offset by higher Equity Markets revenue, predominantly from Equity Derivatives and Prime Finance. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +3.3% | For the three months ended September 30, 2026, Equity Markets revenue was $5.0 billion, up 49%, with strong performance particularly in… |
| revenue | negative | realized | -0.5% | For the three months ended September 30, 2026, Fixed Income Markets revenue was $5.4 billion, down 4%, as lower Commodities, Rates, Credit… |