Companies /Financial Services

JPMorgan Chase & Company

NYSE: JPM Banks - Diversified
$358.51
▼ $3.55 (−0.98%) today
Markets closed · 4:27pm ET

Q2 2026 Earnings

Reported Jul 14, 2026, 6:30am ET · SEC source
$7.70
Beat +32.76%
EPS · est. $5.80
$57.3B
Beat +11.78%
Revenue · est. $51.3B
+2.4%
Beating market
JPM vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+3%Jul 14Jul 15report 6:30am ETearnings+0.2%+4.3%
0+3%Jul 14Jul 15earnings+0.2%+4.3%
JPM +4.3%S&P 500 +0.2%
0+3%Jul 14Jul 15report 6:30am ETearnings−0.6%+4.3%
0+3%Jul 14Jul 15earnings−0.6%+4.3%
JPM +4.3%NASDAQ −0.6%
0+3%+6%Jul 13Jul 22report 6:30am ETearnings−0.4%+5.1%
0+3%+6%Jul 13Jul 22earnings−0.4%+5.1%
JPM +5.1%S&P 500 −0.4%
−3%0+3%+6%Jul 13Jul 22report 6:30am ETearnings−1.7%+5.1%
−3%0+3%+6%Jul 13Jul 22earnings−1.7%+5.1%
JPM +5.1%NASDAQ −1.7%
+2.50%
Day of report
+1.17%
Next session
+0.68%
One week
+5.90%
30 days

S&P 500 over the same 30 days: +3.46%.

Did JPM Beat Earnings? Q2 2026 Results

JPMorgan Chase delivered a blowout second quarter, posting earnings of $7.70 per diluted share against a consensus estimate of $5.80, a beat of 32.76%, while revenue of $57.35 billion topped expectations of $51.30 billion by 11.78%. The headline numbers were substantially lifted by a $4.60 billion net gain tied to a Visa Class C share exchange offer, though even stripping out that item and $1.00 billion in equity investment gains, adjusted EPS of $6.14 represented a 13% year-over-year increase with a return on tangible common equity of 23%. The Commercial and Investment Bank was the engine of organic strength, with net revenue surging 27% to $24.85 billion; equity markets revenue alone jumped 86% to $6.03 billion, and investment banking fees climbed 30% to $3.30 billion. Asset and Wealth Management added further momentum, with AUM reaching $5.14 trillion on strong net inflows. Analysts had broadly anticipated a strong quarter for JPMorgan given resilient capital markets activity and favorable net interest income trends heading into the print.

Key Takeaways
  • Elevated market activity driving 35% Markets revenue growth, with Equity Markets up 86%
  • Investment Banking fees up 30% to highest level since 2021, driven by strong equity underwriting up 78%
  • Higher revolving Card Services balances driving 12% Card Services & Auto revenue growth
  • Card annual fees grew more than 30% reflecting product refreshes and premium product demand
  • AUM growth to $5.1 trillion driven by higher market levels and $50 billion of long-term AUM net inflows
  • Net interest income up 10% driven by higher deposit balances, revolving balances, and wholesale loan balances
  • Payments revenue up 12% driven by higher deposit balances and fee growth
  • Average loans up 10% YoY and average deposits up 7% YoY
  • Asset management fees up 16% to $4.2 billion on higher average market levels and strong net inflows
  • Advisory revenue of $1.0 billion up 20% YoY
  • Assets under custody of $44.9 trillion, up 18% YoY

“The Firm reported very strong results in the quarter, generating net income of $16.9 billion and an ROTCE of 23%, excluding gains related to Visa and certain equity investments. These results were the product of a particularly favorable environment with an elevated level of market activity, as well as rigorous execution, years of consistent investment and thoughtful capital deployment.”

JPMorgan Chase CEO, on the earnings call

JPM YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$20.0B$40.0B$60.0B$69.9B$57.3BRevenue$15.0B$21.2BNet Income$18.3B$30.0BOperating Income
$0$20.0B$40.0B$60.0BRevenueNet IncomeOperating Income

JPM Revenue by Segment

Commercial & Investment Bank$24.9B+27.0%
Consumer & Community Banking$20.3B+8.0%
Banking & Wealth Management$11.2B+5.0%
Banking & Wealth Management (CCB)
Fixed Income Markets$6.1B+6.0%
Lending$2.0B+7.0%
Card Services & Auto$7.8B+12.0%
Asset & Wealth Management$6.9B+19.0%

Figures from SEC filings and company reports. Not investment advice.