NYSE$JPM

JPMorgan Chase & Co · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

JPMorgan Chase reported record Q2 2026 net income of $21.2 billion driven by strong Markets and Investment Banking performance.

JPMorgan Chase delivered strong second-quarter 2026 results with reported net income of $21.2 billion ($7.70 per share) and managed revenue of $58.0 billion. Performance was led by the CIB with 27% revenue growth and record results across all lines of business, supported by elevated market activity. The firm maintained robust capital ratios with a CET1 ratio of 14.1% and returned $10.2 billion to shareholders through dividends and buybacks.

  • Reported net income reached $21.2 billion, up 41% YoY, or $16.9 billion excluding $5.6 billion in significant Visa and equity investment gains.
  • Managed revenue grew 27% to $58.0 billion with CIB revenue up 27%, CCB up 8%, and AWM up 19%, all hitting new records.
  • ROTCE was 29% (23% ex-significant items) with average loans up 10% and CET1 capital ratio at 14.1%.
  • Active mobile customers rose 6% YoY, AUM reached $5.1 trillion (up 18%), and the firm raised $1.9 trillion in credit and capital YTD.

Headline financials

Total Revenue

$57.3B

Previous: $44.9B+27.7%
EPS (adj)

$6.14

Previous: $5.24+17.2%
Tangible Book Value per Share

$113.35

No prior period
Common Equity Tier 1 Capital

$303B

No prior period
Return on Equity

24.0%

No prior period
Return on Tangible Common Equity

29.0%

No prior period
CET1 Capital Ratio (Std.)

14.1%

No prior period
Total Loss-Absorbing Capacity

$590B

No prior period
Standardized RWA

$2.1T

No prior period
Assets Under Management

$5.1T

No prior period
Active Mobile Customers

0

No prior period
Cash and Marketable Securities

$1.5T

No prior period
Average Loans

$1.5T

No prior period
Book Value per Share

$133.01

No prior period
Net Income

$21.2B

Previous: $15B+41.2%
Operating Income

$21.2B

Previous: $8.9B+137.8%

Revenue & EPS history

JPMorgan · Revenue · Quarterly

$57.3B

Q2 2026+27.7%vs Q2 2025
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

JPMorgan · $58B total across 4 segments · Q2 2026

  • Corporate & Investment Bank
    $24.9B
  • Consumer & Community Banking
    $20.3B
  • Asset & Wealth Management
    $6.85B
  • Corporate
    $6.05B

Forward guidance

Management highlighted U.S. economic resiliency supported by AI investment and fiscal stimulus while noting risks from geopolitics, inflation, and fiscal deficits.

Tailwinds

  • Strong business investment and hiring trends continuing
  • Constructive market sentiment for IB activity
  • Record customer additions and premium card demand

Headwinds

  • Geopolitical tensions and wars
  • Sticky inflation and large global fiscal deficits
  • Elevated asset prices creating potential disruptions

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-0.3%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+2.8%

Avg return

30 days after

49%

36 / 73 earnings

Positive

+8.4%

Q1 2023

Best reaction

-10.2%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+0.0%-1.1%-4.4%
Q4 2025-3.7%-3.7%-6.7%
Q3 2025-2.2%-3.4%+0.5%
Q2 2025+1.2%+0.0%+5.6%
Q1 2025+4.0%+1.1%+11.4%
Q4 2024+2.7%+4.7%+11.8%
Q3 2024+4.1%+5.1%+11.3%
Q2 2024+1.3%+4.5%-0.8%
Q1 2024-6.4%-7.9%+1.7%
Q4 2023-1.4%-1.9%+2.8%
Q3 2023+1.4%+0.1%+0.4%
Q2 2023+3.0%+3.6%+3.7%
Q1 2023+8.4%+9.5%+4.0%
Q4 2022+0.9%-2.1%+1.1%
Q3 2022+5.9%+6.5%+23.7%
Q2 2022+0.9%+2.4%+9.1%
Q1 2022-4.1%-2.3%-9.5%
Q4 2021-10.1%-11.5%-8.5%
Q3 2021-1.1%+0.7%+0.9%
Q2 2021-1.8%-3.9%+2.4%
Q1 2021-1.2%-0.9%+6.4%
Q4 2020-2.2%-3.7%+0.1%
Q3 2020-2.2%-0.9%+10.7%
Q2 2020+2.1%+0.5%+4.8%
Q1 2020-7.5%-3.1%-10.9%
Q4 2019-0.3%+0.7%+0.5%
Q3 2019+2.8%+3.5%+10.4%
Q2 2019+0.1%-0.3%-7.6%
Q1 2019+3.5%+7.6%+5.9%
Q4 2018+1.5%+3.6%+1.5%
Q3 2018-1.7%+1.6%+2.9%
Q2 2018+3.5%+4.4%+8.3%
Q1 2018-2.8%-3.6%+0.4%
Q4 2017+1.3%+1.9%-0.7%
Q3 2017-1.0%+0.8%+0.7%
Q2 2017-1.8%-2.0%-1.8%
Q1 2017+0.5%-0.3%+1.8%
Q4 2016-3.1%-2.7%+0.9%
Q3 2016-0.8%+0.9%+13.2%
Q2 2016+1.6%+1.1%+3.4%
Q1 2016+5.6%
Q4 2015-0.5%
Q3 2015-2.8%
Q2 2015+1.6%
Q1 2015+3.4%
Q4 2014-6.5%
Q3 2014-4.5%
Q2 2014+4.3%
Q1 2014-4.3%
Q4 2013+3.1%
Q3 2013+0.4%
Q2 2013-0.5%
Q1 2013-2.8%
Q4 2012+0.2%
Q4 2011+0.3%
Q3 2012+0.7%
Q2 2012+3.1%
Q1 2012-3.4%
Q3 2011-0.4%
Q2 2011-10.2%
Q1 2011-0.2%
Q4 2009-2.3%
Q4 2010-2.3%
Q3 2010+0.3%
Q2 2010-3.5%
Q1 2009+1.9%
Q1 2010+1.3%
Q4 2007+1.9%
Q3 2008+1.6%
Q3 2009+1.6%
Q2 2009-2.6%
Q2 2008-2.6%
Q4 2008-2.6%

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