Released
FY2026 Q2
Earnings ReviewJPM
BEATJPMorgan Chase
JPMorgan Chase · Financials/Banks
Tue, July 14, 2026·Before Market Open
JPMorgan ChaseJPMorgan ChaseUS BanksQ2 EarningsEarnings
01Wall Street Consensus
EPS—
Revenue—
02Earnings Results
EPS$6.14ex-items $6.14 vs consensus ~$5.74, a beat
Revenue$58.0BManaged revenue beat consensus
After-Hours Reaction+1.94%
Key Takeaways
- EPS $7.70 (GAAP) / $6.14 ex-items — beat consensus
- Managed revenue $58.0B (YoY +27%) — beat consensus
- Net income $21.2B — record quarter, ROTCE about 23%
- Markets revenue $12.1B (Equities +86% YoY $6.0B, FICC +6%)
- NII $25.6B (+10%), FY2026 NII guidance raised ~$103B to ~$105.5B
- Provisions $2.5B (NCO $2.4B, only $149M reserve build) — healthy credit
- No sign of a US consumer/credit downturn; capital-markets recovery drove results
Key Checkpoints
- 01IB fees (M&A, ECM, DCM)
- 02Trading revenue (Equities + FICC)
- 03NIM trend
- 04Provision movement
- 05Tier 1 capital ratio and buyback guidance
Upside Catalysts
- NIM and loan-demand changes after the June FOMC rate cut
- Whether Q1 2026 trading/IB momentum continues
- Expanded capital return after CCAR
- Large M&A deal closings
Risk Factors
- Commercial real estate credit losses
- Credit-card and consumer-loan delinquency
- Provision surge under macro slowdown
- Higher regulatory capital requirements
Detail
EEPS History (Last 2 Quarters)
Actual EPS vs Consensus — Green Beat · Red Miss
Beat1
Miss0
Beat rate100%
1Coverage Initiation Note
JPMorgan Chase (JPM), as of 2026-04-20, is the US banking leader with top market share across major businesses. Q1 2026 earnings have already been released (4/14-16); this entry previews Q2 2026. Actual consensus figures will be updated once finalized in early June to July.
Detail
SEPS 서프라이즈 히스토리
Beat2Miss0Beat률 100%
분기별 EPS 컨센서스 대비 서프라이즈(%) — 막대: EPS, 점선: 매출
컨센서스 대비 실제 EPS/매출 서프라이즈 (%)