JPM · 10-Q · 2026Q2

JPMORGAN CHASE & CO

Filed 2026-08-06 · Financials · View original filing on EDGAR

Ranked Events

• FX / Currency HeadwindsImportance 77 · Surprise 82
  JPMorgan uses foreign-exchange derivatives to hedge currency risk in long-term debt, available-for-sale securities, and non-U.S.-dollar-denominated revenue and expenses. Net-investment hedge foreign-exchange…
• Income Tax Rate ChangesImportance 77 · Surprise 82
  The second-quarter effective tax rate increased to 23.1% from 18.0% a year earlier, raising income tax expense to $6.4 billion from $3.3 billion. For the first six months, the effective tax rate increased to 21.6% from…
• Guidance / OutlookImportance 75 · Surprise 60
  JPMorganChase stated that its full-year 2026 outlook depends on global and U.S. economic conditions, financial-market activity, geopolitical developments, competition, client activity and regulatory or legislative…
• U.S. Basel III Re-ProposalImportance 70 · Surprise 68
  In March 2026, the Federal Reserve, OCC and FDIC proposed replacing the dual Advanced and Standardized risk-weighted asset calculations with a single expanded risk-based approach, generally eliminating internal models…
• Fair Value Option LossesImportance 69 · Surprise 64
  Fair-value-option long-term debt generated a $6.0 billion loss in principal transactions revenue during the three months ended June 30, 2026, compared with a $3.2 billion loss in the prior-year quarter. For the six…
• Liquidity and Balance SheetImportance 69 · Surprise 56
  Total assets increased 13.3% to $5.015 trillion at June 30, 2026 from $4.425 trillion at December 31, 2025. Trading assets increased 32.3% to $1.062 trillion, loans increased 3.3% to $1.542 trillion, and federal funds…
• Liquidity and Debt PositionImportance 69 · Surprise 64
  Short-term secured funding increased to $765.0 billion at June 30, 2026 from $498.0 billion at December 31, 2025, driven mainly by a $258.9 billion increase in repurchase-agreement funding for Markets client activity…
• Payments and Deposit GrowthImportance 68 · Surprise 40
  CCB average deposits increased 3% year over year to $1.09 trillion in the second quarter and to $1.09 trillion for the first half of 2026. CCB total payments transaction volume increased to $1.9 trillion in the quarter…
• Liquidity and Cash PositionImportance 66 · Surprise 40
  At June 30, 2026, JPMorganChase held approximately $956 billion of eligible end-of-period HQLA and $541 billion of unencumbered marketable securities, providing approximately $1.5 trillion of liquidity sources. Total…
• Visa Exchange Offer GainImportance 65 · Surprise 60
  Visa commenced an exchange offer on April 13, 2026, and accepted JPMorgan’s tender of 18.6 million Visa B-2 shares on May 11, 2026. JPMorgan received Visa B-3 and Visa C shares, generating an initial $4.5 billion gain…
• Apple Card Issuer TransitionImportance 65 · Surprise 60
  Chase will become the new issuer of Apple Card under an announced transaction dated January 7, 2026. JPMorganChase entered into a forward purchase commitment on December 30, 2025 to acquire the Apple credit card…
• Securities Financing and Repo ExposureImportance 64 · Surprise 56
  JPMorgan’s gross securities financing activity expanded substantially by June 30, 2026, with securities purchased under resale agreements of $764.0 billion and securities sold under repurchase agreements of $1.01…
• Securities Financing ActivityImportance 64 · Surprise 56
  Securities financing balances expanded materially through June 30, 2026, with gross securities purchased under resale agreements increasing 24% to $763,996 million and securities borrowed increasing 28% to $456,957…
• International Market GrowthImportance 64 · Surprise 56
  CIB international net revenue increased 35% year over year to $10.7 billion in the second quarter and 31% to $20.4 billion in the first half of 2026. Asia-Pacific produced the fastest growth, with revenue increasing…
• Markets Client Activity GrowthImportance 64 · Surprise 56
  Markets revenue increased 35% year over year, with Equity Markets revenue up 86% and Fixed Income Markets revenue up 6%. Equity Markets growth was driven by Equity Derivatives, Prime Finance and Cash, while quarterly…
• Revenue Performance and MixImportance 62 · Surprise 58
  Firmwide managed net revenue increased 18% year over year to $108.6 billion for the six months ended June 30, 2026, including a $4.6 billion net gain related to Visa shares and $763 million of gains on certain equity…
• Principal Transactions GrowthImportance 59 · Surprise 48
  Principal transactions revenue increased 26% to $9,007 million in the second quarter of 2026 from $7,149 million in the prior-year period. Equity revenue rose to $5,984 million from $3,836 million, while interest-rate…
• Noninterest Revenue DriversImportance 59 · Surprise 48
  Investment banking fees increased 28% to $3.208 billion in the second quarter of 2026 from $2.499 billion, and increased 30% to $6.066 billion for the first six months. Principal transactions revenue rose 26% to $9.007…
• Commercial & Investment Bank GrowthImportance 59 · Surprise 48
  CIB managed net revenue rose 27% year over year to $24.9 billion in the second quarter and 23% to $48.2 billion in the first half of 2026. Investment banking revenue increased 45% to $3.9 billion in the quarter and 42%…
• Asset & Wealth Management GrowthImportance 58 · Surprise 40
  AWM managed net revenue increased 19% year over year to $6.9 billion in the second quarter and 15% to $13.2 billion in the first half of 2026. Asset Management revenue rose 23% to $3.3 billion in the quarter and 19% to…

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