JPMorgan Chase & Co

Company facts

Industry

National Commercial Banks

Headquarters

New York, New York

Most recent report

10-Q, filed Aug 6, 2026

Incorporated

Delaware

Filings on record

25,862+ filings

On EDGAR

CIK 19617

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 4 of 18 sections worth reading, with 5 positive, 19 notable, and 3 negative flags.

• Consolidated financial highlights (unaudited) Key financial results, outlook, and strategic events for Q2 2026.
  Positive

  • Net income $21.2B in Q2 2026, up 41% YoY, a record.
  • EPS diluted $7.70 in Q2 2026, up 47% from $5.24.
  Notable

  • Apple Card acquisition: Chase to become issuer, expected close in ~24 months.
  • Visa share exchange generated $4.6B net gain, non-recurring.
  • Noninterest expense up 15% to $27.3B, driven by higher comp and investments.
  • New Co-Presidents appointed; Marianne Lake retiring after >25 years.
  • Full-year 2026 outlook: NII ~$105.5B, adjusted expense ~$107.5B, CCB NCO rate ~3.2%.
  Negative

  • CET1 capital ratio fell to 14.2% from 15.1% a year ago, a 90bps decline.
• Consolidated balance sheets analysis Contains all segment results, risk metrics, and capital actions for Q2 2026.
  Positive

  • Net income was $9.7 billion, up 46% in CIB (Q2 2026), driving overall firm earnings.
  • Quarterly common stock dividend will increase to $1.65 per share in Q3 2026 from $1.50.
  • Board authorized a new $50 billion common share repurchase program effective July 1, 2026.
  Notable

  • Corporate Q2 2026 total net revenue included a $4.6 billion net gain related to Visa shares.
  • CCB total allowance for credit losses includes $2.2 billion associated with the Apple Card transaction.
  • Firmwide estimated uninsured deposits were $1,743.9 billion at June 30, 2026, up from $1,558.6 billion.
  • Total criticized wholesale exposure rose to $50.3 billion from $48.5 billion at year-end 2025.
  • Average total VaR for Q2 2026 increased by $12 million compared with Q1 2026, to $49 million.
• NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited) Critical financial details: net income up 41%, $4.5B Visa gain, litigation risks, capital actions.
  Notable

  • Level 3 assets increased by $4.9B from Dec 2025 to $30.0B at June 2026, mainly derivative gains.
  • Initial gain of $4.5B on Visa share exchange recognized in Q2 2026; $1.6B shares lock-up expires Aug 9, 2026.
  • Transferred $1.7B of private-label securities to re-securitization VIEs in H1 2026 (none in H1 2025).
  • Issued $3.0B Series PP preferred stock (6.100%, fixed-to-floating) on May 7, 2026.
  • Redeemed all $2.0B Series KK preferred stock on June 1, 2026.
  • Early adoption of eSLR final rule reduced BHC SLR requirement from 5.0% to 4.3% effective Jan 1, 2026.
  • Aggregate range of reasonably possible legal losses up to $1.3B at June 30, 2026.
  • CIB capital allocation increased by $8.5B in Q2 2026 due to business growth.
  Negative

  • Cash sweep class action: breach of contract claims survive motion to dismiss; certification motion pending.
  • Russian court entered a $439M judgment against the Firm; assets in Russia could be seized.
• Unregistered Sales and Repurchases (Item 2) Contains specific buyback data ($15B H1 2026) and a new $50B authorization.
  Notable

  • New $50B buyback program authorized starting July 1, 2026, continuing large-scale capital return.

What changed: Jun 2026 vs. Mar 2026

About 8% of JPM's Jun 2026 10-Q is new information. 153 paragraphs were added, 663 changed, and 72 removed. Below are the most important lines SECSift identified.

• Consolidated balance sheets analysis 312
• NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (unaudited) 210
• Consolidated financial highlights (unaudited) 122
• Item 2 3
• Consolidated balance sheets (unaudited) 1
• Consolidated statements of cash flows (unaudited) 1
• Item 4 1
• Item 1A 1