JPM · 10-Q · 2026Q3 · Full report

Asset & Wealth Management Growth

JPMORGAN CHASE & CO · 2026-11-03 · Importance 48 · Surprise 40

For the nine months ended September 30, 2026, Asset & Wealth Management net revenue increased 15% to $20.1 billion and net income increased 18% to $5.6 billion. Asset Management revenue rose 16% to $9.6 billion, supported by higher asset-management fees, stronger average market levels and net inflows, as well as higher investment valuation gains. Global Private Bank revenue increased 13% to $10.5 billion, reflecting higher management fees, brokerage commissions and net interest income from higher average loans and deposits. Total noninterest revenue increased 18% to $14.7 billion, while net interest income rose 6% to $5.4 billion.

Key facts

• Firmwide Wealth Management client assets were $5,011 billion, compared with $4,373 billion. source
• Assets under management were $5.2 trillion, up 13%, and client assets were $7.9 trillion, up 15%, driven by continued net inflows and higher market levels. source
• Total client assets were $7,895 billion at September 30, compared with $6,838 billion. source
• Private Banking assets under management were $1,601 billion, compared with $1,364 billion. source
• Firmwide Wealth Management had 10,893 client advisors, compared with 10,075. source
• Stock Plan Administration had 2,293 thousand participants, compared with 1,796 thousand. source
• AWM assets under management were $5.2 trillion, up 13%. source
• The client assets rollforward reported market/performance/other impacts of negative $31 billion. source