JPMorgan Chase & Co. (JPM) perpetual futures

JPMorgan Chase reported Q3 FY2026 net income of $15.3 billion, EPS of $5.57, and ROTCE of 20%. Revenue of $50.9 billion was up 8% year on year, including $658 million of net investment securities losses in Corporate; excluding those losses, revenue was up 9%. Expenses were $27.3 billion, up 12%. Credit costs were $2.7 billion with net charge-offs of $2.2 billion and a net reserve build of $539 million. The standardized CET1 ratio was 13.9%, down 30 basis points. Segment results included CCB net income of $5.7 billion on revenue up 9%, CIB net income of $8.2 billion on revenue up 14%, and AWM net income of $1.8 billion on revenue up 14%. The firm guided Q4 NII ex-markets to approximately $25.5 billion, total NII to about $28 billion, Q4 expenses to about $27.5 billion, and a card net charge-off rate of approximately 3.2%. A 2027 central case for NII ex-markets of approximately $107 billion was provided.

JPMorgan Chase delivered net income of $16.9 billion with EPS of $6.14 and ROTCE of 23% in Q2 2026. Revenue increased 15% year-over-year to $59.2 billion, driven by exceptional performance across investment banking (up 30%), equities markets (up 86%), and asset management fees. The firm maintained a standardized CET1 ratio of 14.1% and raised its quarterly dividend to $1.65 per share. Management noted the strong but potentially unsustainable performance environment, with elevated market activity in IPOs, M&A, and index rebalancing supporting results. Consumer credit performance exceeded expectations with lower delinquencies. The company faces a regulatory landscape focused on Basel III endgame and G-SIB surcharge adjustments, which management views as opportunities for greater clarity and stability.

JPMorgan Chase delivered solid Q1 2026 results with net income of $16.5 billion and EPS of $5.94, supported by 10% revenue growth primarily from higher Markets revenue, Investment Banking fees, and net interest income. However, management expressed significant concerns about Basel III endgame and G-SIB reproposal regulations, which could require approximately $20 billion in additional G-SIB capital by 2028. The bank maintained resilient consumer and business fundamentals while acknowledging near-term uncertainties from Middle East developments.

JPMorgan Chase posted strong Q4 2025 results with $13 billion net income and $4.63 EPS, driven by higher markets revenue and asset management fees. Full-year net income reached $57.5 billion with 20% ROTCE. The bank guides to $95 billion NII ex-markets and $105 billion adjusted expenses for 2026, reflecting continued investment in technology, AI, and expansion despite uncertainties around credit card rate caps and geopolitical risks.

JPMorgan Chase delivered solid third quarter results with net income of $14.4 billion, EPS of $5.07, and ROTCE of 20%, driven by 9% year-over-year revenue growth across markets, investment banking, and asset management. The bank provided preliminary 2026 net interest income guidance of approximately $95 billion ex-markets and noted that consensus expense guidance of $100 billion may be low. Consumer credit remains resilient with better-than-expected delinquency trends, though management highlighted risks from potential labor market deterioration and elevated wholesale lending exposures.

JPMorgan Chase delivered strong profitability with $15 billion net income and 21% ROTCE, though total revenue declined due to lower net interest income ex-Markets and reduced non-interest revenue from prior-year securities gains. The firm raised its NII ex-Markets guidance to approximately $92 billion and increased the quarterly dividend to $1.50 per share, while maintaining its Card net charge-off rate guidance at approximately 3.6%.