JPMorgan Chase 8-K

Summary

Q2 2026 results with FY2026 outlook. JPMorgan Chase reported $21.2B in net income, with the quarter’s results boosted by significant gains related to Visa shares and other equity investments. The firm expects FY2026 net interest income of ≈$105.5B and adjusted expense of ≈$107.5B, with several outlook measures dependent on markets.

Key Figures

• Managed revenue (non-GAAP) was $58.0B, up 27% Y/Y; revenue growth was 15% excluding significant items. Net interest income was $25.6B, up 10%, and noninterest revenue was $32.4B, up 45% (up 20% excluding significant items). Higher deposit and loan balances, asset management fees, investment banking revenue and Equity Markets revenue contributed to growth.
• Significant items added $4.2B to net income after tax and $1.56 to EPS: a $4.55B pretax Visa-related gain and $1.026B in pretax gains on equity investments. Excluding these items, net income was $16.9B, EPS was $6.14 and ROTCE was 23%, vs reported ROTCE of 29%.
• The firm distributed a $4.0B common dividend ($1.50 per share) and repurchased $6.2B of common stock; LTM net payout was 73%. Estimated CET1 capital was $303B, with standardized and advanced CET1 ratios of 14.1% and 14.2%; cash and marketable securities were $1.5T.

Guidance

Investor Takeaways

• FY2026 net interest income and adjusted expense will show how results track the outlook, which the firm says is market dependent.
• Card Services’ FY2026 net charge-off rate vs the ≈3.2% outlook is a key credit metric to watch.