Skip to content
AnalystLens

JPMORGAN CHASE & CO 8-K Report, Regulation FD Disclosure (Oct 13, 2026)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed October 13, 2026
Period End
October 13, 2026
In the record · 2016–202610-K1110-Q328-K336

JPM filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 336 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jan ’22Jan ’22
  2. Leadership change8-K · Dec ’25Dec ’25

01—Abstract

Summary

Summary of the 8-K filed October 13, 2026. Cited figures are marked; the original filing is the authoritative source.

JPMorgan Chase reported third-quarter 2026 results of net income of $15.3Ba and diluted EPS of $5.57, with ROTCE of 20%.

Excluding a $658bmm pretax ($498mm after-tax) net investment securities loss in Corporate, net income would have been $15.8B, EPS $5.75 and ROTCE 21%. Managed revenue rose 8% year over year to $50.9B, with net interest income up 13% to $27.1B and noninterest revenue up 3% to $23.8B. Markets revenue of $10.3B grew 15%, led by Equity Markets, which rose 49%.

Expense of $27.3Bc (up 12%) and credit costs of $2.7B (including a $539mm reserve build) weighed on results, and the managed overhead ratio was 54%. The balance sheet remained strong. The Standardized CET1 ratio was 13.9% (down from 14.2% in 2Q26, mainly due to RWA growth) and the Advanced CET1 ratio was 14.1%.

Standardized RWA rose to $2.18Td, the Firm SLR was 5.5%, and the Firm LCR was 113%. Average loans grew 10% year over year to $1.6T and average deposits grew 8% to $2.7T. Tangible book value per share increased to $112.64.

Capital returned to shareholders included a $1.65 per share common dividend ($4.4B) and $664mm of net buybacks, for a trailing twelve-month net payout of 61%. Management reaffirmed or updated its 2026 outlook: net interest income of about $106.2B (about $97.2B excluding Markets), adjusted expense of about $108.6B, and a Card Services net charge-off rate of about 3.2%. Note that this 8-K furnishes investor presentation slides under Regulation FD rather than the full earnings release, and the presentation is not deemed filed for Section 18 purposes.

02—Key points

Key Highlights

  1. Reported net income of $15.3B and EPS of $5.57 (ROTCE 20%); ex-the $658mm securities loss, net income was $15.8B, EPS $5.75 and ROTCE 21%.
  2. Managed revenue of $50.9B, up 8% YoY, with NII up 13% to $27.1B and NII ex-Markets up 6% to $24.7B, reflecting deposit and card balance growth partly offset by lower rates.
  3. Expense of $27.3B (up 12% YoY) and credit costs of $2.7B, including a $539mm net reserve build; NCOs were $2.2B, down $389mm YoY.
  4. Standardized CET1 ratio of 13.9% (vs. 14.2% in 2Q26) on RWA growth to $2.18T; Advanced CET1 ratio 14.1%; Firm SLR 5.5%; Firm LCR 113%.
  5. Lines of business: CCB net income $5.7B (ROE 36%), CIB $8.2B (ROE 18%, Equity Markets revenue up 49%), AWM $1.8B (ROE 45%, AUM of $5.2T up 13%).
  6. Shareholder returns: $4.4B in common dividends ($1.65/share) and $664mm of net buybacks; trailing twelve-month net payout of 61%; tangible book value per share rose to $112.64.
  7. 2026 outlook: NII of about $106.2B, adjusted expense of about $108.6B and Card Services NCO rate of about 3.2%, with 4Q26 guidance market-dependent.

03—Questions

Frequently Asked Questions

  1. What was the underlying profitability once the one-time securities loss is excluded?

    Reported 3Q26 net income of $15.3B included a $658mm pretax ($498mm after-tax) net investment securities loss in Corporate. Excluding it, net income was $15.8B, EPS was $5.75 and ROTCE was 21%, versus 20% reported. These are non-GAAP measures management presents for comparability.

  2. Is capital still strong after the quarter, given the CET1 ratio decline?

    Yes, though the ratio fell. The Standardized CET1 ratio declined to 13.9% from 14.2% in 2Q26, mainly because Standardized RWA grew to $2.18T, partly offset by $65mm of net income. The Advanced CET1 ratio was 14.1%, and the Firm SLR of 5.5% and LCR of 113% remained solid. Trailing net payout was 61%, so the Firm is still returning most of its earnings.

  3. What is driving revenue and expense growth?

    Revenue growth came from higher net interest income (up 13%) on balance sheet growth and higher rates, along with Markets revenue up 15%, led by Equity Markets. Expense rose 12% to $27.3B, driven by revenue-related and headcount-related compensation, brokerage and distribution fees, marketing and technology. Managed overhead ratio was 54%.

  4. How are credit trends and reserves developing?

    Credit costs were $2.7B, including a $539mm net reserve build versus a $0.1B build in 2Q26. Net charge-offs fell to $2.2B from $2.6B a year earlier. Card Services net charge-off rate improved to 2.91% from 3.34% in 2Q26, and management's 2026 card NCO outlook is about 3.2%.

  5. What does the 2026 outlook imply for the rest of the year?

    Management projects full-year 2026 net interest income of about $106.2B (about $97.2B excluding Markets), with 4Q26 NII of about $28B that is market dependent. Adjusted expense (excluding Firmwide legal expense) is projected at about $108.6B, implying about $27.5B in 4Q26. The slides also reference a 2027 central case, but its figures are labeled as preliminary and are not clearly presented in the filing text.

04—Continue

← View all 8-K filings