JPM 8-K

Jpmorgan Chase & Co (JPM)

8-K 2026-04-14 For: 2026-04-14

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Added on April 14, 2026

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Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock	JPM	The New York Stock Exchange
Depositary Shares, each representing a one-four hundredth interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD	JPM PR D	The New York Stock Exchange
Depositary Shares, each representing a one-four hundredth interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EE	JPM PR C	The New York Stock Exchange
Depositary Shares, each representing a one-four hundredth interest in a share of 4.75% Non-Cumulative Preferred Stock, Series GG	JPM PR J	The New York Stock Exchange
Depositary Shares, each representing a one-four hundredth interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJ	JPM PR K	The New York Stock Exchange
Depositary Shares, each representing a one-four hundredth interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LL	JPM PR L	The New York Stock Exchange
Depositary Shares, each representing a one-four hundredth interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MM	JPM PR M	The New York Stock Exchange
Guarantee of Callable Fixed Rate Notes due June 10, 2032 of JPMorgan Chase Financial Company LLC	JPM/32	The New York Stock Exchange
Guarantee of Alerian MLP Index ETNs due January 28, 2044 of JPMorgan Chase Financial Company LLC	AMJB	NYSE Arca, Inc.
Guarantee of Inverse VIX Short-Term Futures ETNs due March 22, 2045 of JPMorgan Chase Financial Company LLC	VYLD	NYSE Arca, Inc.



Exhibit No.						Description of Exhibit

99.1						JPMorgan Chase & Co. Earnings Release - First Quarter 2026 Results
99.2						JPMorgan Chase & Co. Earnings Release Financial Supplement - First Quarter 2026
101						Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language).
104						Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101).


By:			/s/ Elena Korablina
			Elena Korablina
			Managing Director and Firmwide Controller
			(Principal Accounting Officer)


Firmwide Metrics	n	Reported revenue of $49.8 billion and managed revenue of $50.5 billion2
	n	Expense of $26.9 billion; reported overhead ratio of 54% and managed overhead ratio2 of 53%
	n	Credit costs of $2.5 billion with $2.3 billion of net charge-offs and a $191 million net reserve build
	n	Average loans up 11% YoY, up 2% QoQ; average deposits up 7% YoY, up 1% QoQ

CCB ROE 32%	n	Average deposits up 2% YoY and QoQ; client investment assets up 18% YoY
	n	Average loans up 1% YoY and flat QoQ; Card Services net charge-off rate of 3.47%
	n	Debit and credit card sales volume5 up 9% YoY
	n	Active mobile customers6 up 7% YoY

CIB ROE 21%	n	Investment Banking fees up 28% YoY, up 23% QoQ; #1 ranking for Global Investment Banking fees with 9.8% wallet share in 1Q26
	n	Markets revenue up 20% YoY, with Fixed Income Markets up 21% and Equity Markets up 17%
	n	Average Banking & Payments loans up 10% YoY, up 4% QoQ; average client deposits7 up 13% YoY, up 1% QoQ

AWM ROE 44%	n	AUM8 of $4.8 trillion, up 16% YoY
	n	Average loans up 15% YoY, up 3% QoQ; average deposits up 4% YoY, up 3% QoQ


Results for JPM										4Q25				1Q25
($ millions, except per share data)	1Q26			4Q25			1Q25			$ O/(U)		O/(U) %		$ O/(U)		O/(U) %

Net revenue - reported	$	49,836		$	45,798		$	45,310		$	4,038	9	%	$	4,526	10	%
Net revenue - managed	50,536			46,767			46,014			3,769		8		4,522		10
Noninterest expense	26,850			23,983			23,597			2,867		12		3,253		14
Provision for credit losses	2,507			4,655			3,305			(2,148)		(46)		(798)		(24)
Net income	$	16,494		$	13,025		$	14,643		$	3,469	27	%	$	1,851	13	%
Earnings per share - diluted	$	5.94		$	4.63		$	5.07		$	1.31	28	%	$	0.87	17	%
Return on common equity	19		%	15		%	18		%
Return on tangible common equity	23			18			21


☐						Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐						Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐						Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


JPMorgan Chase & Co. 270 Park Avenue, New York, NY 10017-2070 NYSE symbol: JPM www.jpmorganchase.com


Jamie Dimon, Chairman and CEO, commented: “The Firm delivered strong results in the first quarter, reporting net income of $16.5 billion.” Dimon continued: “Performance was strong across our businesses. In the CIB, revenue grew 19%. Markets revenue reached a record $11.6 billion, while IB fees increased 28% due to stronger advisory and ECM activity. Additionally, Payments continued to deliver very strong results, with double-digit growth in deposits and fees. In CCB, revenue rose 7%. We continued to acquire new customers at a robust rate across the franchise, including achieving record net inflows in self-directed investing and opening more than 450,000 net new checking accounts. Finally, in AWM, revenue increased 11%, and flows remained healthy with $54 billion of long-term AUM net inflows.” Dimon added: “Regarding capital, we were pleased to see that the recent capital re-proposals mitigated the most severe consequences of the 2023 proposals. However, there are still aspects of the proposed rules that need to be addressed. We have ample amounts of capital and liquidity, with $291 billion in CET1 capital, $572 billion in total loss-absorbing capacity and $1.5 trillion in cash and marketable securities. We hope that regulators prioritize well-designed regulation and address these aspects of the proposed rules to allow banks of all sizes to deploy their resources to support the real economy.” Dimon added: "The U.S. economy remained resilient in the quarter, with consumers still earning and spending and businesses still healthy. Several tailwinds are supporting this resiliency, including increased fiscal stimulus, the benefits of deregulation, AI-driven capital investment and the Fed's asset purchases. At the same time, there is an increasingly complex set of risks—such as geopolitical tensions and wars, energy price volatility, trade uncertainty, large global fiscal deficits and elevated asset prices. While we cannot predict how these risks and uncertainties will ultimately play out, they are significant and they reinforce why we prepare the Firm for a wide range of environments.” Dimon concluded: “I want to express my deep gratitude to our employees across the globe for how they work to support our customers and communities every single day.”


Investor Contact: Mikael Grubb (212) 270-2479			Media Contact: Joseph Evangelisti (212) 270-7438
Note: Totals may not sum due to rounding. 1 Percentage comparisons are for the first quarter of 2026 versus the prior-year first quarter, unless otherwise specified. 2 For notes on non-GAAP financial measures, including managed basis reporting, see page 6. For additional notes, see page 7.


Results for CCB							4Q25				1Q25
($ millions)	1Q26		4Q25		1Q25		$ O/(U)		O/(U) %		$ O/(U)		O/(U) %
Net revenue	$	19,568	$	19,396	$	18,313	$	172	1	%	$	1,255	7	%
Banking & Wealth Management	10,577		10,870		10,254		(293)		(3)		323		3
Home Lending	1,232		1,249		1,207		(17)		(1)		25		2
Card Services & Auto	7,759		7,277		6,852		482		7		907		13
Noninterest expense	10,979		10,256		9,857		723		7		1,122		11
Provision for credit losses	2,050		4,244		2,629		(2,194)		(52)		(579)		(22)
Net income	$	4,976	$	3,642	$	4,425	$	1,334	37	%	$	551	12	%


Results for CIB							4Q25				1Q25
($ millions)	1Q26		4Q25		1Q25		$ O/(U)		O/(U) %		$ O/(U)		O/(U) %
Net revenue	$	23,379	$	19,375	$	19,666	$	4,004	21	%	$	3,713	19	%
Banking & Payments	10,425		9,651		8,754		774		8		1,671		19
Markets & Securities Services	12,954		9,724		10,912		3,230		33		2,042		19
Noninterest expense	11,136		9,011		9,842		2,125		24		1,294		13
Provision for credit losses	482		405		705		77		19		(223)		(32)
Net income	$	9,044	$	7,268	$	6,942	$	1,776	24	%	$	2,102	30	%


Results for AWM							4Q25				1Q25
($ millions)	1Q26		4Q25		1Q25		$ O/(U)		O/(U) %		$ O/(U)		O/(U) %
Net revenue	$	6,374	$	6,516	$	5,731	$	(142)	(2)	%	$	643	11	%
Noninterest expense	4,167		4,068		3,713		99		2		454		12
Provision for credit losses	(24)		2		(10)		(26)		NM		(14)		(140)
Net income	$	1,775	$	1,808	$	1,583	$	(33)	(2)	%	$	192	12	%


Results for Corporate							4Q25				1Q25
($ millions)	1Q26		4Q25		1Q25		$ O/(U)		O/(U) %		$ O/(U)		O/(U) %
Net revenue	$	1,215	$	1,480	$	2,304	$	(265)	(18)	%	$	(1,089)	(47)	%
Noninterest expense	568		648		185		(80)		(12)		383		207
Provision for credit losses	(1)		4		(19)		(5)		NM		18		95
Net income	$	699	$	307	$	1,693	$	392	128	%	$	(994)	(59)	%


Dated:			April 14, 2026


JPMORGAN CHASE & CO.
CONSOLIDATED FINANCIAL HIGHLIGHTS
(in millions, except per share and ratio data)


	QUARTERLY TRENDS
																	1Q26 Change
SELECTED INCOME STATEMENT DATA	1Q26			4Q25				3Q25			2Q25			1Q25			4Q25		1Q25
Reported Basis
Total net revenue	$	49,836		$	45,798			$	46,427		$	44,912		$	45,310		9	%	10	%
Total noninterest expense	26,850			23,983				24,281			23,779			23,597			12		14
Pre-provision profit (a)	22,986			21,815				22,146			21,133			21,713			5		6
Provision for credit losses	2,507			4,655			(f)	3,403			2,849			3,305			(46)		(24)
NET INCOME	16,494			13,025				14,393			14,987			14,643			27		13

Managed Basis (b)
Total net revenue	50,536			46,767				47,120			45,680			46,014			8		10
Total noninterest expense	26,850			23,983				24,281			23,779			23,597			12		14
Pre-provision profit (a)	23,686			22,784				22,839			21,901			22,417			4		6
Provision for credit losses	2,507			4,655			(f)	3,403			2,849			3,305			(46)		(24)
NET INCOME	16,494			13,025				14,393			14,987			14,643			27		13

EARNINGS PER SHARE DATA
Net income: Basic	$	5.95		$	4.64			$	5.08		$	5.25		$	5.08		28		17
Diluted	5.94			4.63				5.07			5.24			5.07			28		17
Average shares: Basic	2,716.2			2,735.3				2,762.4			2,788.7			2,819.4			(1)		(4)
Diluted	2,720.2			2,740.5				2,767.6			2,793.7			2,824.3			(1)		(4)

MARKET AND PER COMMON SHARE DATA
Market capitalization	$	788,205		$	868,793			$	858,683		$	797,181		$	681,712		(9)		16
Common shares at period-end	2,679.5			2,696.2				2,722.2			2,749.7			2,779.1			(1)		(4)
Book value per share	128.38			126.99				124.96			122.51			119.24			1		8
Tangible book value per share (“TBVPS”) (a)	108.87			107.56				105.70			103.40			100.36			1		8
Cash dividends declared per share	1.50			1.50				1.50			1.40			1.40			—		7

FINANCIAL RATIOS (c)
Return on common equity (“ROE”)	19		%	15		%		17		%	18		%	18		%
Return on tangible common equity (“ROTCE”) (a)	23			18				20			21			21
Return on assets	1.41			1.14				1.26			1.35			1.40


JPMORGAN CHASE & CO.
CONSOLIDATED FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except ratios, employee data and where otherwise noted)


	QUARTERLY TRENDS
																	1Q26 Change
	1Q26				4Q25			3Q25			2Q25			1Q25			4Q25		1Q25
SELECTED BALANCE SHEET DATA (period-end)
Total assets	$	4,900,475			$	4,424,900		$	4,560,205		$	4,552,482		$	4,357,856		11	%	12	%
Loans:
Consumer, excluding credit card loans	391,660				402,258			393,084			394,040			391,138			(3)		—
Credit card loans	239,123				247,797			235,475			232,943			223,384			(4)		7
Wholesale loans	872,737				843,374			806,687			785,009			741,173			3		18
Total loans	1,503,520				1,493,429			1,435,246			1,411,992			1,355,695			1		11

Deposits:
U.S. offices:
Noninterest-bearing	595,424				583,342			589,105			591,177			581,623			2		2
Interest-bearing	1,508,682				1,452,729			1,433,404			1,441,905			1,416,585			4		7
Non-U.S. offices:
Noninterest-bearing	43,775				37,057			34,255			29,976			29,856			18		47
Interest-bearing	527,639				486,192			491,712			499,322			467,813			9		13
Total deposits	2,675,520				2,559,320			2,548,476			2,562,380			2,495,877			5		7

Long-term debt	448,764				435,206			427,203			419,802			407,224			3		10
Common stockholders’ equity	343,993				342,393			340,167			336,879			331,375			—		4
Total stockholders’ equity	364,038				362,438			360,212			356,924			351,420			—		4

Loans-to-deposits ratio	56		%		58		%	56		%	55		%	54		%

Employees	320,079				318,512			318,153			317,160			318,477			—		1

95% CONFIDENCE LEVEL - TOTAL VaR
Average VaR (a)	$	37			$	35		$	33		$	42		$	50		6		(26)

Earnings-at-Risk (in billions) (b)
Parallel shift:
+100 bps shift in rates	$	1.8		(d)	$	2.1		$	1.8		$	1.8		$	2.2		(14)		(17)


JPMORGAN CHASE & CO.
CONSOLIDATED STATEMENTS OF INCOME
(in millions, except per share and ratio data)


	QUARTERLY TRENDS
														1Q26 Change
REVENUE	1Q26		4Q25			3Q25		2Q25			1Q25			4Q25		1Q25
Investment banking fees	$	2,858	$	2,326		$	2,612	$	2,499		$	2,178		23	%	31	%
Principal transactions	7,987		5,340			7,109		7,149			7,614			50		5
Lending- and deposit-related fees	2,394		2,364			2,349		2,248			2,132			1		12
Asset management fees	5,515		5,701			5,120		4,806			4,700			(3)		17
Commissions and other fees	2,482		2,108			2,204		2,194			2,033			18		22

Investment securities gains/(losses)	64		(71)			105		(54)			(37)			NM		NM
Mortgage fees and related income	309		357			383		363			278			(13)		11
Card income	1,190		1,020			1,140		1,344			1,216			17		(2)
Other income	1,671		1,658			1,439		1,154			1,923			1		(13)
Noninterest revenue	24,470		20,803			22,461		21,703			22,037			18		11
Interest income	49,191		48,808			49,439		48,241			46,853			1		5
Interest expense	23,825		23,813			25,473		25,032			23,580			—		1
Net interest income	25,366		24,995			23,966		23,209			23,273			1		9
TOTAL NET REVENUE	49,836		45,798			46,427		44,912			45,310			9		10

Provision for credit losses	2,507		4,655		(d)	3,403		2,849			3,305			(46)		(24)

NONINTEREST EXPENSE
Compensation expense	15,339		13,118			13,566		13,710			14,093			17		9
Occupancy expense	1,447		1,475			1,420		1,264			1,302			(2)		11
Technology, communications and equipment expense	3,021		2,908			2,839		2,704			2,578			4		17
Professional and outside services	3,483		3,338			3,173		3,006			2,839			4		23
Marketing	1,604		1,468			1,480		1,279			1,304			9		23
Other expense (a)	1,956		1,676		(e)	1,803		1,816			1,481		(e)	17		32
TOTAL NONINTEREST EXPENSE	26,850		23,983			24,281		23,779			23,597			12		14
Income before income tax expense	20,479		17,160			18,743		18,284			18,408			19		11
Income tax expense	3,985		4,135			4,350		3,297		(f)	3,765			(4)		6
NET INCOME	$	16,494	$	13,025		$	14,393	$	14,987		$	14,643		27		13


JPMORGAN CHASE & CO.
CONSOLIDATED BALANCE SHEETS
(in millions)


												Mar 31, 2026
												Change
	Mar 31,		Dec 31,		Sep 30,			Jun 30,		Mar 31,		Dec 31,		Mar 31,
	2026		2025		2025			2025		2025		2025		2025
ASSETS
Cash and due from banks	$	22,039	$	21,742	$	21,821		$	23,759	$	22,066	1	%	—	%
Deposits with banks	290,103		321,596		281,615			396,568		403,837		(10)		(28)
Federal funds sold and securities purchased under
resale agreements	482,704		336,426		425,815			470,589		429,506		43		12
Securities borrowed	284,524		286,191		248,368			223,976		238,702		(1)		19
Trading assets:
Debt and equity instruments	997,751		745,096		892,928			829,510		814,664		34		22
Derivative receivables	71,584		57,777		59,849			60,346		60,539		24		18
Available-for-sale (“AFS”) securities	549,037		507,198		490,499		(a)	485,380		399,363		8		37
Held-to-maturity (”HTM”) securities	272,142		270,134		293,446		(a)	260,559		265,084		1		3
Investment securities, net of allowance for credit losses	821,179		777,332		783,945			745,939		664,447		6		24
Loans	1,503,520		1,493,429		1,435,246			1,411,992		1,355,695		1		11
Less: Allowance for loan losses	25,928		25,765		25,735			24,953		25,208		1		3
Loans, net of allowance for loan losses	1,477,592		1,467,664		1,409,511			1,387,039		1,330,487		1		11
Accrued interest and accounts receivable	142,334		111,599		141,876			124,463		117,845		28		21
Premises and equipment	36,771		36,244		35,063			33,562		32,811		1		12
Goodwill, MSRs and other intangible assets	64,289		64,458		64,442			64,465		64,525		—		—
Other assets	209,605		198,775		194,972			192,266		178,427		5		17
TOTAL ASSETS	$	4,900,475	$	4,424,900	$	4,560,205		$	4,552,482	$	4,357,856	11		12

LIABILITIES
Deposits	$	2,675,520	$	2,559,320	$	2,548,476		$	2,562,380	$	2,495,877	5		7
Federal funds purchased and securities loaned or sold
under repurchase agreements	716,623		442,396		567,574			595,340		533,046		62		34
Short-term borrowings	68,048		64,776		69,355			65,293		64,980		5		5
Trading liabilities:
Debt and equity instruments	196,546		169,690		195,859			173,292		149,871		16		31
Derivative payables	51,290		46,329		46,403			48,110		37,232		11		38
Accounts payable and other liabilities	352,561		316,794		316,896			303,641		293,538		11		20
Beneficial interests issued by consolidated VIEs	27,085		27,951		28,227			27,700		24,668		(3)		10
Long-term debt	448,764		435,206		427,203			419,802		407,224		3		10
TOTAL LIABILITIES	4,536,437		4,062,462		4,199,993			4,195,558		4,006,436		12		13

STOCKHOLDERS’ EQUITY
Preferred stock	20,045		20,045		20,045			20,045		20,045		—		—
Common stock	4,105		4,105		4,105			4,105		4,105		—		—
Additional paid-in capital	90,087		91,114		90,865			90,576		90,223		(1)		—
Retained earnings	428,206		416,055		407,401			397,424		386,616		3		11
Accumulated other comprehensive loss (“AOCI”)	(6,689)		(4,290)		(5,878)			(7,243)		(9,111)		(56)		27
Treasury stock, at cost	(171,716)		(164,591)		(156,326)			(147,983)		(140,458)		(4)		(22)
TOTAL STOCKHOLDERS’ EQUITY	364,038		362,438		360,212			356,924		351,420		—		4
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	4,900,475	$	4,424,900	$	4,560,205		$	4,552,482	$	4,357,856	11		12


JPMORGAN CHASE & CO.
CONDENSED AVERAGE BALANCE SHEETS AND ANNUALIZED YIELDS
(in millions, except rates)


	QUARTERLY TRENDS
																1Q26 Change
AVERAGE BALANCES	1Q26			4Q25			3Q25			2Q25			1Q25			4Q25		1Q25
ASSETS
Deposits with banks	$	312,890		$	335,623		$	360,156		$	405,213		$	446,044		(7)	%	(30)	%
Federal funds sold and securities purchased under resale agreements	437,916			330,694			424,346			432,714			377,998			32		16
Securities borrowed	286,689			261,877			234,112			234,024			241,003			9		19
Trading assets - debt instruments	682,348			620,465			580,985			562,967			495,143			10		38
Investment securities	802,265			788,922			768,599			727,651			664,970			2		21
Loans	1,486,145			1,461,079			1,417,466			1,380,726			1,339,391			2		11
All other interest-earning assets (a)	127,484			125,164			110,100			102,687			103,835			2		23
Total interest-earning assets	4,135,737			3,923,824			3,895,764			3,845,982			3,668,384			5		13
Trading assets - equity and other instruments	241,307			241,351			264,681			239,996			225,468			—		7
Trading assets - derivative receivables	68,328			57,543			61,842			57,601			59,099			19		16
All other noninterest-earning assets	313,365			306,700			297,658			294,039			282,363			2		11
TOTAL ASSETS	$	4,758,737		$	4,529,418		$	4,519,945		$	4,437,618		$	4,235,314		5		12
LIABILITIES
Interest-bearing deposits	$	1,991,590		$	1,949,049		$	1,913,958		$	1,902,337		$	1,842,888		2		8
Federal funds purchased and securities loaned or
sold under repurchase agreements	657,816			517,849			567,920			558,043			465,203			27		41
Short-term borrowings	55,469			56,265			53,755			55,059			49,291			(1)		13
Trading liabilities - debt and all other interest-bearing liabilities (b)	324,559			306,567			314,591			300,126			288,140			6		13
Beneficial interests issued by consolidated VIEs	27,519			27,327			28,884			26,185			25,775			1		7
Long-term debt	367,478			359,910			350,368			348,372			344,945			2		7
Total interest-bearing liabilities	3,424,431			3,216,967			3,229,476			3,190,122			3,016,242			6		14
Noninterest-bearing deposits	611,294			615,559			610,601			602,777			587,417			(1)		4
Trading liabilities - equity and other instruments	57,021			52,059			48,628			44,159			37,671			10		51
Trading liabilities - derivative payables	55,309			47,591			47,926			40,865			41,087			16		35
All other noninterest-bearing liabilities	249,587			236,876			226,934			209,853			208,539			5		20
TOTAL LIABILITIES	4,397,642			4,169,052			4,163,565			4,087,776			3,890,956			5		13
Preferred stock	20,045			20,045			20,045			20,045			20,013			—		—
Common stockholders’ equity	341,050			340,321			336,335			329,797			324,345			—		5
TOTAL STOCKHOLDERS’ EQUITY	361,095			360,366			356,380			349,842			344,358			—		5
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	4,758,737		$	4,529,418		$	4,519,945		$	4,437,618		$	4,235,314		5		12

AVERAGE RATES (c)
INTEREST-EARNING ASSETS
Deposits with banks	3.00		%	3.10		%	3.25		%	3.36		%	3.76		%
Federal funds sold and securities purchased under resale agreements	3.88			4.06			4.24			4.24			4.52
Securities borrowed	3.35			3.55			3.67			3.79			3.88
Trading assets - debt instruments	4.30			4.33			4.30			4.50			4.56
Investment securities	3.69			3.74			3.86			3.85			3.84
Loans	6.57			6.63			6.74			6.71			6.80
All other interest-earning assets (a)(d)	5.79			6.24			7.43			6.87			7.63
Total interest-earning assets	4.83			4.95			5.05			5.04			5.19

INTEREST-BEARING LIABILITIES
Interest-bearing deposits	2.09			2.24			2.41			2.40			2.44
Federal funds purchased and securities loaned or
sold under repurchase agreements	3.79			3.99			4.22			4.29			4.52
Short-term borrowings	3.85			4.01			4.35			4.42			4.40
Trading liabilities - debt and all other interest-bearing liabilities (b)	2.83			2.95			2.92			3.04			2.94
Beneficial interests issued by consolidated VIEs	3.92			4.23			4.58			4.55			4.66
Long-term debt	4.79			4.92			5.16			5.16			5.16
Total interest-bearing liabilities	2.82			2.94			3.13			3.15			3.17

INTEREST RATE SPREAD	2.01			2.01			1.92			1.89			2.02
NET YIELD ON INTEREST-EARNING ASSETS	2.50			2.54			2.45			2.43			2.58
Memo: Net yield on interest-earning assets excluding Markets (e)	3.72			3.76			3.73			3.71			3.80


JPMORGAN CHASE & CO.
SEGMENT & CORPORATE RESULTS - MANAGED BASIS
(in millions)


	QUARTERLY TRENDS
											1Q26 Change
	1Q26		4Q25		3Q25		2Q25		1Q25		4Q25		1Q25
TOTAL NET REVENUE (fully taxable-equivalent (“FTE”))
Consumer & Community Banking	$	19,568	$	19,396	$	19,473	$	18,847	$	18,313	1	%	7	%
Commercial & Investment Bank	23,379		19,375		19,878		19,535		19,666		21		19
Asset & Wealth Management	6,374		6,516		6,066		5,760		5,731		(2)		11
Corporate	1,215		1,480		1,703		1,538		2,304		(18)		(47)
TOTAL NET REVENUE	$	50,536	$	46,767	$	47,120	$	45,680	$	46,014	8		10

TOTAL NONINTEREST EXPENSE
Consumer & Community Banking	$	10,979	$	10,256	$	10,296	$	9,858	$	9,857	7		11
Commercial & Investment Bank	11,136		9,011		9,722		9,641		9,842		24		13
Asset & Wealth Management	4,167		4,068		3,818		3,733		3,713		2		12
Corporate	568		648		445		547		185		(12)		207
TOTAL NONINTEREST EXPENSE	$	26,850	$	23,983	$	24,281	$	23,779	$	23,597	12		14

PRE-PROVISION PROFIT
Consumer & Community Banking	$	8,589	$	9,140	$	9,177	$	8,989	$	8,456	(6)		2
Commercial & Investment Bank	12,243		10,364		10,156		9,894		9,824		18		25
Asset & Wealth Management	2,207		2,448		2,248		2,027		2,018		(10)		9
Corporate	647		832		1,258		991		2,119		(22)		(69)
PRE-PROVISION PROFIT	$	23,686	$	22,784	$	22,839	$	21,901	$	22,417	4		6

PROVISION FOR CREDIT LOSSES
Consumer & Community Banking	$	2,050	$	4,244	$	2,538	$	2,082	$	2,629	(52)		(22)
Commercial & Investment Bank	482		405		809		696		705		19		(32)
Asset & Wealth Management	(24)		2		59		46		(10)		NM		(140)
Corporate	(1)		4		(3)		25		(19)		NM		95
PROVISION FOR CREDIT LOSSES	$	2,507	$	4,655	$	3,403	$	2,849	$	3,305	(46)		(24)

NET INCOME
Consumer & Community Banking	$	4,976	$	3,642	$	5,009	$	5,169	$	4,425	37		12
Commercial & Investment Bank	9,044		7,268		6,901		6,650		6,942		24		30
Asset & Wealth Management	1,775		1,808		1,658		1,473		1,583		(2)		12
Corporate	699		307		825		1,695		1,693		128		(59)
TOTAL NET INCOME	$	16,494	$	13,025	$	14,393	$	14,987	$	14,643	27		13


JPMORGAN CHASE & CO.
CAPITAL AND OTHER SELECTED BALANCE SHEET ITEMS
(in millions, except ratio data)


																	Mar 31, 2026
																	Change
	Mar 31,				Dec 31,			Sep 30,			Jun 30,			Mar 31,			Dec 31,		Mar 31,
	2026				2025			2025			2025			2025			2025		2025
CAPITAL
Risk-based capital metrics
Standardized
CET1 capital	$	291,090		(b)	$	288,469		$	287,297		$	283,854		$	279,791		1	%	4	%
Tier 1 capital	310,253			(b)	307,630			306,599			303,189			299,132			1		4
Total capital	349,894			(b)	343,843			343,215			335,307			330,533			2		6
Risk-weighted assets	2,041,683			(b)	1,981,692			1,935,868			1,882,718			1,815,045			3		12
CET1 capital ratio	14.3		%	(b)	14.6		%	14.8		%	15.1		%	15.4		%
Tier 1 capital ratio	15.2			(b)	15.5			15.8			16.1			16.5
Total capital ratio	17.1			(b)	17.4			17.7			17.8			18.2

Advanced
CET1 capital	$	291,090		(b)	$	288,469		$	287,297		$	283,854		$	279,791		1		4
Tier 1 capital	310,253			(b)	307,630			306,599			303,189			299,132			1		4
Total capital	334,305			(b)	328,962			328,356			320,809			316,529			2		6
Risk-weighted assets	2,063,578			(b)(c)	2,045,249			1,932,404			1,873,142			1,799,055			1		15
CET1 capital ratio	14.1		%	(b)	14.1		%	14.9		%	15.2		%	15.6		%
Tier 1 capital ratio	15.0			(b)	15.0			15.9			16.2			16.6
Total capital ratio	16.2			(b)	16.1			17.0			17.1			17.6

Leverage-based capital metrics
Adjusted average assets (a)	$	4,702,917		(b)	$	4,472,394		$	4,464,441		$	4,382,220		$	4,180,147		5		13
Tier 1 leverage ratio	6.6		%	(b)	6.9		%	6.9		%	6.9		%	7.2		%

Total leverage exposure	$	5,576,092		(b)	$	5,302,001		$	5,272,950		$	5,161,360		$	4,953,480		5		13
SLR	5.6		%	(b)	5.8		%	5.8		%	5.9		%	6.0		%

Total Loss-Absorbing Capacity (“TLAC”)
Eligible external TLAC	$	572,078		(b)	$	563,743		$	567,557		$	559,897		$	558,303		1		2

MEMO: CET1 CAPITAL ROLLFORWARD
Standardized/Advanced CET1 capital, beginning balance	$	288,469			$	287,297		$	283,854		$	279,791		$	275,513		—		5
Net income applicable to common equity	16,218				12,745			14,111			14,705			14,388			27		13
Dividends declared on common stock	(4,067)				(4,091)			(4,134)			(3,897)			(3,938)			1		(3)
Net purchase of treasury stock	(7,125)				(8,265)			(8,343)			(7,525)			(6,440)			14		(11)
Changes in additional paid-in capital	(1,027)				249			289			353			(688)			NM		(49)
Changes related to AOCI applicable to capital:
Unrealized gains/(losses) on investment securities	(2,401)				1,295			1,509			(188)			953			NM		NM
Translation adjustments, net of hedges	(167)				(6)			(12)			868			489			NM		NM
Fair value hedges	41				7			37			(8)			28			486		46
Defined benefit pension and other postretirement employee benefit plans	4				619			4			(28)			(16)			(99)		NM
Changes related to other CET1 capital adjustments	1,145			(b)	(1,381)			(18)			(217)			(498)			NM		NM
Change in Standardized/Advanced CET1 capital	2,621			(b)	1,172			3,443			4,063			4,278			124		(39)
Standardized/Advanced CET1 capital, ending balance	$	291,090		(b)	$	288,469		$	287,297		$	283,854		$	279,791		1		4


JPMORGAN CHASE & CO.
EARNINGS PER SHARE AND RELATED INFORMATION
(in millions, except per share and ratio data)


	QUARTERLY TRENDS
																	1Q26 Change
	1Q26			4Q25			3Q25				2Q25			1Q25			4Q25		1Q25
EARNINGS PER SHARE
Basic earnings per share
Net income	$	16,494		$	13,025		$	14,393			$	14,987		$	14,643		27	%	13	%
Less: Preferred stock dividends	276			280			282				282			255			(1)		8
Net income applicable to common equity	16,218			12,745			14,111				14,705			14,388			27		13
Less: Dividends and undistributed earnings allocated to
participating securities	70			56			68				75			71			25		(1)
Net income applicable to common stockholders	$	16,148		$	12,689		$	14,043			$	14,630		$	14,317		27		13

Total weighted-average basic shares outstanding	2,716.2			2,735.3			2,762.4				2,788.7			2,819.4			(1)		(4)
Net income per share	$	5.95		$	4.64		$	5.08			$	5.25		$	5.08		28		17

Diluted earnings per share
Net income applicable to common stockholders	$	16,148		$	12,689		$	14,043			$	14,630		$	14,317		27		13
Total weighted-average basic shares outstanding	2,716.2			2,735.3			2,762.4				2,788.7			2,819.4			(1)		(4)
Add: Dilutive impact of unvested performance share units (“PSUs”), nondividend-earning restricted stock units (“RSUs”) and stock appreciation rights (“SARs”)	4.0			5.2			5.2				5.0			4.9			(23)		(18)
Total weighted-average diluted shares outstanding	2,720.2			2,740.5			2,767.6				2,793.7			2,824.3			(1)		(4)
Net income per share	$	5.94		$	4.63		$	5.07			$	5.24		$	5.07		28		17

COMMON DIVIDENDS
Cash dividends declared per share	$	1.50		$	1.50		$	1.50		(c)	$	1.40		$	1.40		—		7
Dividend payout ratio	25		%	32		%	29		%		27		%	27		%

COMMON SHARE REPURCHASE PROGRAM (a)
Total shares of common stock repurchased	27.5			26.7			28.0				29.8			30.0			3		(8)
Average price paid per share of common stock	$	302.75		$	309.81		$	297.10			$	251.67		$	252.50		(2)		20
Aggregate repurchases of common stock	8,328			8,262			8,315				7,500			7,563			1		10

EMPLOYEE ISSUANCE
Shares issued from treasury stock related to employee
stock-based compensation awards and employee stock
purchase plans	10.8			0.7			0.4				0.4			11.5			NM		(6)
Net impact of employee issuances on stockholders’ equity (b)	$	221		$	322		$	339			$	419		$	476		(31)		(54)


JPMORGAN CHASE & CO.
CONSUMER & COMMUNITY BANKING
FINANCIAL HIGHLIGHTS
(in millions, except ratio data)

	QUARTERLY TRENDS
																	1Q26 Change
	1Q26			4Q25				3Q25			2Q25			1Q25			4Q25		1Q25
INCOME STATEMENT
REVENUE
Lending- and deposit-related fees	$	947		$	973			$	969		$	888		$	839		(3)	%	13	%
Asset management fees	1,303			1,277				1,189			1,110			1,093			2		19
Mortgage fees and related income	303			344				372			347			263			(12)		15
Card income	592			376				514			687			653			57		(9)
All other income (a)	1,685			1,585				1,573			1,420			1,323			6		27
Noninterest revenue	4,830			4,555				4,617			4,452			4,171			6		16
Net interest income	14,738			14,841				14,856			14,395			14,142			(1)		4
TOTAL NET REVENUE	19,568			19,396				19,473			18,847			18,313			1		7

Provision for credit losses	2,050			4,244			(e)	2,538			2,082			2,629			(52)		(22)

NONINTEREST EXPENSE
Compensation expense (b)	4,622			4,392				4,357			4,260			4,375			5		6
Noncompensation expense (b)(c)	6,357			5,864				5,939			5,598			5,482			8		16
TOTAL NONINTEREST EXPENSE	10,979			10,256				10,296			9,858			9,857			7		11

Income before income tax expense	6,539			4,896				6,639			6,907			5,827			34		12
Income tax expense	1,563			1,254				1,630			1,738			1,402			25		11
NET INCOME	$	4,976		$	3,642			$	5,009		$	5,169		$	4,425		37		12

REVENUE BY BUSINESS
Banking & Wealth Management	$	10,577		$	10,870			$	11,040		$	10,698		$	10,254		(3)		3
Home Lending	1,232			1,249				1,260			1,250			1,207			(1)		2
Card Services & Auto	7,759			7,277				7,173			6,899			6,852			7		13

MORTGAGE FEES AND RELATED INCOME DETAILS
Production revenue	178			188				173			151			110			(5)		62
Net mortgage servicing revenue (d)	125			156				199			196			153			(20)		(18)
Mortgage fees and related income	$	303		$	344			$	372		$	347		$	263		(12)		15

FINANCIAL RATIOS
ROE	32		%	25		%		35		%	36		%	31		%
Overhead ratio	56			53				53			52			54


JPMORGAN CHASE & CO.
CONSUMER & COMMUNITY BANKING
FINANCIAL HIGHLIGHTS, CONTINUED
(in millions, except employee data)

	QUARTERLY TRENDS
											1Q26 Change
	1Q26		4Q25		3Q25		2Q25		1Q25		4Q25		1Q25
SELECTED BALANCE SHEET DATA (period-end)
Total assets	$	656,051	$	664,669	$	652,275	$	652,379	$	636,105	(1)	%	3	%

Loans:
Banking & Wealth Management	32,992		33,005		33,259		33,749		33,098		—		—
Home Lending (a)	238,571		240,724		240,633		241,618		241,427		(1)		(1)
Card Services	239,065		247,753		235,491		233,051		223,517		(4)		7
Auto	70,958		70,585		71,095		72,182		72,116		1		(2)
Total loans	581,586		592,067		580,478		580,600		570,158		(2)		2

Deposits	1,112,078		1,072,792		1,058,388		1,063,137		1,080,138		4		3
Equity	61,500		56,000		56,000		56,000		56,000		10		10

SELECTED BALANCE SHEET DATA (average)
Total assets	$	655,977	$	654,851	$	650,277	$	642,284	$	639,664	—		3

Loans:
Banking & Wealth Management	33,038		32,916		33,351		33,536		33,160		—		—
Home Lending (b)	240,429		241,701		241,772		242,665		244,282		(1)		(2)
Card Services	239,153		239,335		234,412		228,446		224,493		—		7
Auto	70,208		70,693		70,895		71,410		72,462		(1)		(3)
Total loans	582,828		584,645		580,430		576,057		574,397		—		1

Deposits	1,075,951		1,056,819		1,058,025		1,060,363		1,053,677		2		2
Equity	61,500		56,000		56,000		56,000		56,000		10		10

Employees (c)	143,869		142,586		142,600		143,198		143,778		1		—


JPMORGAN CHASE & CO.
CREDIT-RELATED INFORMATION
(in millions)


												Mar 31, 2026
												Change
	Mar 31,		Dec 31,		Sep 30,		Jun 30,			Mar 31,		Dec 31,		Mar 31,
	2026		2025		2025		2025			2025		2025		2025
CREDIT EXPOSURE
Consumer, excluding credit card loans (a)
Loans retained	$	367,274	$	368,741	$	369,859	$	371,855		$	372,892	—	%	(2)	%
Loans held-for-sale and loans at fair value	24,386		33,517		23,225		22,185			18,246		(27)		34
Total consumer, excluding credit card loans	391,660		402,258		393,084		394,040			391,138		(3)		—

Credit card loans
Loans retained	239,123		247,797		235,475		232,943			223,384		(4)		7

Total credit card loans	239,123		247,797		235,475		232,943			223,384		(4)		7
Total consumer loans	630,783		650,055		628,559		626,983			614,522		(3)		3

Wholesale loans (b)
Loans retained	818,839		792,367		764,451		740,675			704,714		3		16
Loans held-for-sale and loans at fair value	53,898		51,007		42,236		44,334			36,459		6		48
Total wholesale loans	872,737		843,374		806,687		785,009			741,173		3		18

Total loans	1,503,520		1,493,429		1,435,246		1,411,992			1,355,695		1		11
Derivative receivables	71,584		57,777		59,849		60,346			60,539		24		18
Receivables from customers (c)	64,844		47,336		68,493		53,099			49,403		37		31
Total credit-related assets	1,639,948		1,598,542		1,563,588		1,525,437			1,465,637		3		12

Lending-related commitments
Consumer, excluding credit card	46,236		43,587		48,015		47,064			46,149		6		—
Credit card (d)(e)	1,204,016		1,177,766		1,069,963		1,050,275			1,031,481		2		17
Wholesale	604,922		595,954		596,028		559,654		(h)	548,853		2		10
Total lending-related commitments	1,855,174		1,817,307		1,714,006		1,656,993			1,626,483		2		14

Total credit exposure	$	3,495,122	$	3,415,849	$	3,277,594	$	3,182,430		$	3,092,120	2		13

Memo: Total by category
Consumer exposure (f)	$	1,881,035	$	1,871,408	$	1,746,537	$	1,724,322		$	1,692,152	1		11
Wholesale exposure (g)	1,614,087		1,544,441		1,531,057		1,458,108			1,399,968		5		15
Total credit exposure	$	3,495,122	$	3,415,849	$	3,277,594	$	3,182,430		$	3,092,120	2		13


JPMORGAN CHASE & CO.
CREDIT-RELATED INFORMATION, CONTINUED
(in millions, except ratio data)


																Mar 31, 2026
																Change
	Mar 31,			Dec 31,			Sep 30,			Jun 30,			Mar 31,			Dec 31,		Mar 31,
	2026			2025			2025			2025			2025			2025		2025
NONPERFORMING ASSETS (a)
Consumer nonaccrual loans
Loans retained	$	3,810		$	3,875		$	3,954		$	3,938		$	3,318		(2)	%	15	%
Loans held-for-sale and loans at fair value	589			798			646			731			441			(26)		34
Total consumer nonaccrual loans	4,399			4,673			4,600			4,669			3,759			(6)		17

Wholesale nonaccrual loans
Loans retained	4,524			4,398			4,740			4,479			3,895			3		16
Loans held-for-sale and loans at fair value	660			786			766			673			964			(16)		(32)
Total wholesale nonaccrual loans	5,184			5,184			5,506			5,152			4,859			—		7

Total nonaccrual loans	9,583			9,857			10,106			9,821			8,618			(3)		11

Derivative receivables	174			204			224			349			169			(15)		3
Assets acquired in loan satisfactions	292			298			305			310			318			(2)		(8)
Total nonperforming assets	10,049			10,359			10,635			10,480			9,105			(3)		10
Wholesale lending-related commitments (b)	916			925			1,025			922			793			(1)		16
Total nonperforming exposure	$	10,965		$	11,284		$	11,660		$	11,402		$	9,898		(3)		11

NONACCRUAL LOAN-RELATED RATIOS
Total nonaccrual loans to total loans	0.64		%	0.66		%	0.70		%	0.70		%	0.64		%
Total consumer, excluding credit card nonaccrual loans to
total consumer, excluding credit card loans	1.12			1.16			1.17			1.18			0.96
Total wholesale nonaccrual loans to total
wholesale loans	0.59			0.61			0.68			0.66			0.66