JPM · 10-Q · 2026Q3 · Full report

Commercial Banking Revenue Growth

JPMORGAN CHASE & CO · 2026-11-03 · Importance 57 · Surprise 38 · Matches filing data

For the nine months ended September 30, 2026, Commercial & Investment Bank net revenue increased 20% to $71.0 billion and net income increased 32% to $27.0 billion. Banking & Payments revenue rose 18% to $32.5 billion, including Payments revenue of $16.0 billion, up 13%, and Investment Banking revenue of $10.1 billion, up 33%. Markets & Securities Services revenue increased 22% to $38.4 billion; Equity Markets rose 49% to $15.5 billion and Fixed Income Markets rose 8% to $18.5 billion. CIB noninterest expense increased 14% to $33.3 billion, while its provision for credit losses fell 32% to $1.5 billion.

Key facts

• For the three months ended September 30, 2026, CIB Payments revenue was $5.6 billion, up 14%, driven by higher average deposits, higher deposit margin and fee growth. source
• For the three months ended September 30, 2026, Securities Services revenue was $1.6 billion, up 14%, driven mainly by fee growth on higher market levels and client activity, plus higher average deposits and deposit margin. source
• CIB average Banking & Payments loans were up 11% year over year and flat quarter over quarter; average client deposits were up 10% year over year and 1% quarter over quarter. source

Impact estimates