JPM · JPMorgan Chase & Co.

JPMorgan Chase delivered strong first quarter 2026 results, with net income rising 13% year-over-year to $16.5 billion, or $5.94 per share. Managed revenue increased 10% to $50.5 billion, driven by robust performance across both net interest income (NII) and noninterest revenue. NII grew 9% to $25.5 billion, supported by higher deposit balances and revolving card balances, partially offset by the impact of lower rates. Noninterest revenue rose 11% to $25.1 billion, fueled by record Markets revenue and higher asset management and investment banking fees. The Commercial & Investment Bank (CIB) was a standout performer, with revenue surging 19% to $23.4 billion. Markets revenue reached a record $11.6 billion, up 20%, with strength across Fixed Income and Equity markets. Investment Banking fees jumped 28% on stronger advisory and ECM activity. Consumer & Community Banking (CCB) revenue grew 7% to $19.6 billion, supported by higher Card Services net interest income and deposit-related fees. Asset & Wealth Management (AWM) revenue increased 11% to $6.4 billion, with Assets Under Management climbing 16% to $4.8 trillion. Noninterest expense increased 14% to $26.9 billion, primarily due to higher compensation costs and marketing expenses. Credit costs remained manageable at $2.5 billion, including a net reserve build of $191 million. The Firm maintained a strong capital position with a CET1 ratio of 14.3% and returned $12.2 billion to shareholders through dividends and buybacks. CEO Jamie Dimon highlighted the resilience of the U.S. economy while cautioning about significant geopolitical and fiscal risks.