JPM · JPMorgan Chase & Co.

JPMorgan Chase reported robust first quarter 2026 results with net income of $16.5 billion, representing a significant increase from both the prior quarter and the same period last year. The strong performance was driven by revenue growth across all major business segments, with managed revenue reaching $50.5 billion, up 10% year-over-year. Net interest income of $25.5 billion increased 9% year-over-year, supported by higher deposit balances and revolving balances in Card Services, though partially offset by the impact of lower rates. Noninterest revenue of $25.1 billion grew 11% year-over-year, with Markets revenue showing particular strength at $11.6 billion, up 20% year-over-year. Expense of $26.9 billion increased 14% year-over-year, primarily due to higher compensation costs, including revenue-related compensation and growth in front office employees, as well as higher brokerage expense and marketing costs. The firm maintained a strong capital position with a standardized CET1 ratio of 14.3% and distributed $12.2 billion to shareholders through $4.1 billion in common dividends and $8.1 billion in net share repurchases. Looking ahead, management provided full-year 2026 guidance including expected net interest income of approximately $103 billion and adjusted expense of approximately $105 billion, both market-dependent, along with an expected Card Services net charge-off rate of approximately 3.4%.