JPMorgan Chase & Co. Earnings Recaps
Q1 2026
Apr 14, 2026
JPMorgan Chase delivered robust Q1 2026 earnings with net income of $16.5 billion and a 10% revenue increase, supported by higher Markets activity and asset management fees despite elevated expenses and credit costs.
Key takeaways
- Strong net income of $16.5 billion and EPS of $5.94, with a 23% ROTCE, reflecting solid profitability.
- Revenue rose 10% year-on-year to $50.5 billion, driven by Markets, Asset & Wealth Management, and investment banking, offsetting modest rate impacts.
- Expenses increased 14% to $26.9 billion, primarily due to higher compensation, brokerage, and distribution costs.
- Credit costs were $2.5 billion, with net charge-offs at $2.3 billion and a small reserve build; balance sheet CET1 ratio declined modestly to 14.3%.
- Ongoing regulatory proposals on Basel and G-SIB surcharges suggest higher capital requirements, potentially raising U.S. systemic impact and costs for clients over the coming years.
Q3 2025
Oct 14, 2025
JPMorgan Chase reported strong third-quarter earnings with net income of $14.4 billion and significant revenue growth of 9% year-on-year, driven by higher markets and asset management revenues.
Key takeaways
- Net income of $14.4 billion translates to EPS of $5.07, maintaining a strong ROTCE of 20%.
- Revenues reached $47.1 billion, bolstered by a 17% increase in investment banking fees and exceptional performance in markets.
- Credit performance is stable despite a slight uptick in net charge-offs, with favorable consumer delinquency rates.
- Asset and Wealth Management achieved record revenues of $6.1 billion, with long-term net inflows of $72 billion, demonstrating continued client confidence.
- Full-year guidance for 2025 indicates strong NII expectations, projecting approximately $95 billion ex-markets for 2026 amidst solid economic resilience.