What drove the significant increase in net revenue?

The significant increase in net revenue was primarily driven by a $4.6 billion net gain related to Visa shares in Corporate and $1.0 billion of gains on certain equity investments in Corporate and CIB. These one-time gains significantly boosted noninterest revenue, which increased by 47% year-over-year.

How did the Provision for Credit Losses perform?

The provision for credit losses decreased by 12% year-over-year to $2.5 billion for the quarter. Net charge-offs also saw a slight decrease. The allowance for credit losses to total retained loans ratio stood at 1.79%, down from 1.85% in the prior year, indicating an improvement in credit quality and a lower reserve level relative to the loan portfolio.

What is the outlook for Net Interest Income (NII) for the full year 2026?

For the full year 2026, JPMorgan Chase expects net interest income to be approximately $105.5 billion, with net interest income excluding Markets projected to be around $96.5 billion, subject to market conditions.

What are the key capital ratios, and how do they compare to regulatory requirements?

JPMorgan Chase maintained strong capital ratios. The Common Equity Tier 1 (CET1) capital ratio was 14.2% under the standardized approach as of June 30, 2026. This ratio significantly exceeds the regulatory minimums and well-capitalized requirements, indicating a robust capital position.

JPM 10-Q Quarterly Report Q2 FY2026 — Revenue, Net Income, EPS

01—Abstract

Summary

Summary of the 10-Q filed August 6, 2026. Cited figures are marked; the original filing is the authoritative source.

JPMorgan Chase & Co. reported a strong second quarter of 2026, with net income soaring 41% year-over-year to $21.2 billion^a, or $7.70 per diluted share.

This robust performance was significantly boosted by one-time gains, including a $4.6 billion^b net gain from Visa shares and $1.0 billion from other equity investments, contributing to a 28% increase in total net revenue to $57.3 billion. The bank demonstrated solid operational execution across its segments. Consumer & Community Banking saw a 3% rise in net income, while the Commercial & Investment Bank reported a substantial 46% increase in net income, driven by strong investment banking and markets performance.

Asset & Wealth Management also delivered impressive results, with net income up 33%^c and a high ROE of 48%. The Firm maintained healthy capital levels, with a CET1 ratio of 14.2% under both standardized and advanced approaches, and a robust liquidity coverage ratio, underscoring its financial strength and stability.

02—Key points

Key Highlights

Net income increased by 41% year-over-year to $21.2 billion, or $7.70 per diluted share.
Total net revenue grew by 28% year-over-year to $57.3 billion, boosted by significant gains from Visa shares and other equity investments.
Strong performance in the Commercial & Investment Bank segment, with net income up 46% driven by investment banking and markets activities.
Asset & Wealth Management reported a 33% increase in net income and a high return on equity of 48%.
Provision for credit losses decreased by 12% year-over-year to $2.5 billion, reflecting improved credit quality.
Common equity Tier 1 (CET1) capital ratio remained strong at 14.2% under the standardized approach.
The Firm repurchased approximately $6.7 billion of common stock in the second quarter and announced a new $50 billion repurchase program.

03—Questions

Frequently Asked Questions

What drove the significant increase in net revenue?
The significant increase in net revenue was primarily driven by a $4.6 billion net gain related to Visa shares in Corporate and $1.0 billion of gains on certain equity investments in Corporate and CIB. These one-time gains significantly boosted noninterest revenue, which increased by 47% year-over-year.
How did the Provision for Credit Losses perform?
The provision for credit losses decreased by 12% year-over-year to $2.5 billion for the quarter. Net charge-offs also saw a slight decrease. The allowance for credit losses to total retained loans ratio stood at 1.79%, down from 1.85% in the prior year, indicating an improvement in credit quality and a lower reserve level relative to the loan portfolio.
What is the outlook for Net Interest Income (NII) for the full year 2026?
For the full year 2026, JPMorgan Chase expects net interest income to be approximately $105.5 billion, with net interest income excluding Markets projected to be around $96.5 billion, subject to market conditions.
What are the key capital ratios, and how do they compare to regulatory requirements?
JPMorgan Chase maintained strong capital ratios. The Common Equity Tier 1 (CET1) capital ratio was 14.2% under the standardized approach as of June 30, 2026. This ratio significantly exceeds the regulatory minimums and well-capitalized requirements, indicating a robust capital position.

04—Continue

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