JPMorgan Chase 8-K

Summary

Q2 2026 results. Net income was $21.2B and diluted EPS $7.70; excluding significant items, net income was $16.9B and EPS $6.14. Results reflected significant gains alongside strong market activity, investment banking and client activity across the businesses.

Key Figures

• Significant items were a $4.6B net gain related to Visa shares, adding $1.27 to EPS, and $1.0B of gains on certain equity investments, adding $0.29 to EPS. Excluding these items, net income rose 13%.
• Markets revenue rose 35% Y/Y, including 86% growth in Equity Markets; investment banking fees increased 30%. Management cited elevated client activity, strong trading and higher investment banking activity. Credit costs were $2.5B, including $2.4B of net charge-offs and a $149M net reserve build.
• Capital returns included a $4.0B common dividend ($1.50 per share) and $6.2B of net common-stock repurchases. The Firm repurchased 21.7M shares vs 29.8M a year earlier, down 27%; a new repurchase authorization of up to $50B took effect 7/1/2026.

Guidance

No guidance in this filing.

Investor Takeaways

• Next-quarter Markets and investment banking results will indicate whether the elevated client activity behind CIB’s growth continues.
• Credit costs and card losses are worth watching alongside expense growth; quarterly provision for credit losses was $2.5B and card net charge-offs were $2.2B.