JPM · JPMORGAN CHASE & CO

1518 filings

JPM SEC Filings

JPMORGAN CHASE & CO - 1518 total filings

Filing record · 2016–202610-K1110-Q328-K336

Showing 1–50 of 1518 filings

JPMORGAN CHASE & CO 8-K Report, Corporate Update (Oct 20, 2026)

JPMorgan Chase & Co. (JPM) announced the successful closing of multiple public offerings of debt securities on October 20, 2026. The offerings include $350 million in Floating Rate Notes due 2030, $2.9 billion in Fixed-to-Floating Rate Notes due 2030, and $3.75 billion in Fixed-to-Floating Rate Notes due 2037, totaling approximately $6.9 billion in new debt issuance. These issuances were registered under the Securities Act of 1933, indicating compliance with regulatory requirements for public offerings. This substantial debt issuance is likely intended to bolster JPM's capital structure, potentially funding ongoing operations, new investments, or to manage its overall debt profile. Investors should note the different maturity dates and interest rate structures (fixed-to-floating and floating) of these notes, which may impact their investment strategy depending on their outlook on interest rate movements. The filing also includes legal opinions and consents related to the issuance, reinforcing the legitimacy and compliance of these transactions.

Oct 20, 2026 8-K

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

JPMorgan Chase reported third-quarter 2026 results of net income of $15.3B and diluted EPS of $5.57, with ROTCE of 20%. Excluding a $658mm 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 $27.3B (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 $2.18T, 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.

Oct 13, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Financial Results (Oct 13, 2026)

JPMorgan Chase reported third-quarter 2026 net income of $15.3 billion, or $5.57 per diluted share, up 6% from $14.4 billion ($5.07) a year earlier, but down 28% from the $21.2 billion ($7.70) in the prior quarter, which included a $4.6 billion Visa Class C gain. Excluding a $658 million pre-tax ($498 million after-tax, $0.18 per share) net investment securities loss in Corporate, net income would have been $15.8 billion ($5.75 per share) and ROTCE 21% versus 20% reported. Reported net revenue was $50.2 billion, down 13% sequentially but up 8% year over year; managed revenue was $50.9 billion, up 8%. Growth was led by the Commercial & Investment Bank (revenue up 14% YoY, Equity Markets up 49%, Investment Banking fees up 14%) and Asset & Wealth Management (revenue up 14%, client assets up 15% to $7.9 trillion), with Consumer & Community Banking revenue up 9% and net income up 13%. Credit costs were manageable, with a provision of $2.7 billion, net charge-offs of $2.2 billion (down $389 million YoY, driven by Wholesale), and a $539 million net reserve build. Expenses rose 12% to $27.3 billion, and the reported overhead ratio was 54%. Average loans grew 10% year over year and deposits grew 8%. Capital remained strong, with a Standardized CET1 ratio of 13.9%, an Advanced ratio of 14.1%, and an SLR of 5.5%. Book value per share rose 6% to $132.30 and tangible book value per share rose 7% to $112.64. Capital return was modestly lower. The firm declared a $1.65 per share common dividend (up 10% YoY) and repurchased $664 million of common stock net of employee issuance, down sharply from $6.7 billion in the prior quarter. Management attributed the reduction to its capital hierarchy and said it expects to deploy capital over time at attractive returns. Management also flagged elevated fiscal deficits, sticky inflation, rising interest rates, and geopolitical risks, while noting that activity moderated somewhat during the quarter.

Oct 13, 2026 10-Q

JPMORGAN CHASE & CO Quarterly Report for Q2 Ended Jun 30, 2026

JPMorgan Chase & Co. reported a strong second quarter of 2026, with net income soaring 41% year-over-year to $21.2 billion, or $7.70 per diluted share. This robust performance was significantly boosted by one-time gains, including a $4.6 billion 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% 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.

Aug 6, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Corporate Update (Jul 23, 2026)

On July 23, 2026, JPMorgan Chase & Co. (JPM) filed an 8-K under Item 8.01 (Other Events) disclosing that it closed four public debt offerings totaling $9.0 billion in aggregate principal amount. The offerings comprised $500 million of Floating Rate Notes due 2030, $2.5 billion of Fixed-to-Floating Rate Notes due 2030, $3.0 billion of Fixed-to-Floating Rate Notes due 2032 (the Senior Notes, $6.0 billion in total), and $3.0 billion of Fixed-Rate Reset Subordinated Notes due 2041. The notes were issued under a Form S-3 shelf registration (File No. 333-285537), and Simpson Thacher & Bartlett LLP provided legality opinions for the senior and subordinated notes. From an investor standpoint, this is a routine capital markets transaction rather than a material change in the company's financial condition or operations. The filing does not disclose coupon rates, offering prices, yields, or use of proceeds, so those details would need to be obtained from the pricing supplement or prospectus supplement. The mix of senior and subordinated debt is consistent with a large bank managing its long-term funding profile and its total loss-absorbing capacity (TLAC) and regulatory capital requirements, with the $3.0 billion subordinated issuance likely counting toward Tier 2 capital. For equity and credit investors, the key takeaways are that JPMorgan continues to access debt markets actively, the issuance adds to outstanding debt obligations, and the subordinated tranche ranks junior to senior creditors. The filing itself contains no earnings, guidance, or risk disclosures, so it should be read as a funding event alongside the company's periodic reports.

Jul 23, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Bylaw Amendment (Jul 23, 2026)

JPMorgan Chase & Co. (JPM) has filed an 8-K report detailing an amendment to its corporate bylaws, effective July 21, 2026. The key change pertains to the appointment of a Lead Independent Director. Henceforth, the non-management directors will be responsible for appointing this role, if one is designated. This amendment reflects a governance adjustment aimed at clarifying the selection process for a significant independent oversight position within the company. This update is primarily a procedural governance change and does not appear to signal any immediate or significant operational or financial shifts for the company. Investors should note this as an internal governance refinement that aligns with best practices in board oversight. The full details of the amended bylaws are available as an exhibit to this filing.

Jul 23, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Regulation FD Disclosure (Jul 14, 2026)

JPMorgan Chase reported 2Q26 net income of $21.2B and diluted EPS of $7.70, up 41% year over year. The results include about $4.2B of after-tax significant items, mainly a $4.55B pretax net gain on Visa shares recorded in Corporate and roughly $1.0B of pretax gains on certain equity investments. Excluding these items, net income was $16.9B, EPS was $6.14 and ROTCE was 23%, compared with a reported ROTCE of 29%. Managed revenue rose 27% year over year to $58.0B, or 15% excluding significant items, and managed expense rose 15% to $27.3B. The managed overhead ratio improved to 47% from 52% a year earlier. Net interest income of $25.6B was up 10% year over year, while noninterest revenue of $32.4B was up 45%. Markets revenue of $12.1B was up 35%, led by Equity Markets, which rose 86%. Capital and liquidity remained strong. The standardized CET1 ratio was an estimated 14.1%, down from 15.1% a year earlier, mainly because standardized RWA grew to $2.14T. Total loss-absorbing capacity was $590B and tangible book value per share rose to $113.35. The Firm distributed $4.0B in common dividends ($1.50 per share) and made $6.2B of net share repurchases. Average loans were $1.5T, up 10% year over year, and average deposits were $2.7T, up 7%. Credit quality remained stable, with net charge-offs of $2.4B and credit costs of $2.5B, including a net reserve build of $149mm. Management raised its FY2026 adjusted expense outlook to about $107.5B, citing higher volume- and revenue-related expenses tied to strong activity levels. It maintained FY2026 net interest income guidance of about $105.5B (about $96.5B excluding Markets) and a Card Services net charge-off rate of about 3.2%. All of these outlook items are market dependent. Investors should look past the headline 2Q26 EPS, since the Visa gain inflates reported earnings. The underlying run-rate, as shown by the $6.14 EPS and 23% ROTCE excluding significant items, still reflects strong growth in Markets, Investment Banking and Asset & Wealth Management.

Jul 14, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Financial Results (Jul 14, 2026)

JPMorgan Chase reported second-quarter 2026 net income of $21.2 billion, or $7.70 per diluted share, up 41% from $15.0 billion ($5.24) a year earlier. Results were inflated by two significant items: a $4.6 billion net gain on Visa Class C shares (received in the May 2026 exchange offer) and $1.0 billion of gains on certain equity investments. Excluding these items, net income was $16.9 billion ($6.14 per share), up about 13% year over year, and ROTCE excluding significant items was 23% versus a reported 29%. Reported net revenue of $57.3 billion rose 28%, and noninterest expense rose 15% to $27.3 billion, leaving a reported overhead ratio of 48%. The quarter was driven by a favorable market environment. Markets revenue rose 35% to $12.1 billion, Investment Banking fees rose 30% to $3.3 billion, and Asset & Wealth Management revenue rose 19% on higher market levels and $50 billion of long-term net inflows. Consumer & Community Banking revenue rose 8%, though Card Services net charge-offs were elevated at a 3.34% rate. Credit costs were stable, with a $2.5 billion provision, $2.4 billion of net charge-offs and a modest $149 million net reserve build. Average loans grew 10% year over year, and deposits grew 7%. Capital remained strong. The Standardized CET1 ratio was an estimated 14.1%, the Advanced ratio was 14.2%, and book value per share reached $133.01, up 9%. The Firm declared a $1.50 quarterly dividend, repurchased $6.2 billion of common stock net, and approved a new $50 billion buyback program effective July 1, 2026. Management cautioned that several macro risks, including geopolitical conflict, sticky inflation, fiscal deficits and elevated asset prices, could cause disruption, so investors should view the headline beat as partly cyclical and partly one-time.

Jul 14, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Executive Changes (Jun 25, 2026)

JPMorgan Chase & Co. (JPM) announced significant leadership changes effective immediately on June 25, 2026, as detailed in their 8-K filing. Doug Petno and Troy Rohrbaugh, previously Co-CEOs of the Commercial & Investment Bank (CIB), have been elevated to Co-Presidents of the Firm. In conjunction with these promotions, Mr. Petno will assume the sole CEO role for the CIB, while Mr. Rohrbaugh will lead the Consumer & Community Banking (CCB) division. These strategic appointments are a proactive measure by the Board for succession planning, aiming to maintain strong leadership continuity. Furthermore, the filing discloses one-time equity awards totaling $30 million each for Messrs. Petno and Rohrbaugh, and $20 million each for Mary Erdoes (CEO of Asset & Wealth Management) and Jennifer Piepszak (Chief Operating Officer). These awards are structured as Restricted Stock Units (RSUs) with a three-year cliff vest and are contingent on the Firm achieving a three-year average Return on Tangible Common Equity (ROTCE) of 12% for calendar years 2026-2028. The awards are designed to incentivize key leadership retention and continuity, especially during this leadership transition period. Notably, Marianne Lake, the current CEO of CCB, is retiring after a distinguished 25-year tenure and will facilitate a smooth handover.

Jun 25, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Corporate Update (Jun 24, 2026)

JPMorgan Chase & Co. (JPM) disclosed in an 8-K filed June 24, 2026 that its Board intends to raise the quarterly common stock dividend to $1.65 per share from $1.50 (a 10% increase) for the third quarter of 2026, subject to customary Board declaration. The Board also authorized a new $50 billion common share repurchase program effective July 1, 2026, to be used at management's discretion. Both actions signal strong capital generation and confidence in the balance sheet, which the Firm characterizes as a 'fortress' with significant excess capital and robust liquidity. Regulatory capital requirements were also clarified. Following the Federal Reserve's February 2026 announcement, the Stress Capital Buffer remains at 2.5% through September 30, 2027, so the Standardized CET1 requirement including buffers stays at 11.5%. Revised SCB calculations based on updated stress testing models will not take effect until 2027, which gives the Firm and investors near-term visibility on capital requirements. The filing is largely a capital return announcement rather than a disclosure of financial results or material adverse events. Investors should note that the dividend increase is intended rather than final until declared, and that the timing and size of buybacks are discretionary and subject to market and business conditions. CEO Jamie Dimon also flagged an increasingly complex risk environment and preparation for the hypothetical 2026 supervisory severely adverse scenario, which is a reminder that capital plans remain tied to stress test outcomes.

Jun 24, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Regulation FD Disclosure (Jun 24, 2026)

JPMorgan Chase & Co. released the results of its company-run 2026 Dodd-Frank Act Stress Test (DFAST) on June 24, 2026, covering a nine-quarter projection period (1Q26 through 1Q28) under the Federal Reserve's Supervisory Severely Adverse Scenario. The scenario assumes a U.S. real GDP decline of 4.6%, unemployment peaking at 10.0%, a 58% stock market decline, and a 30% fall in house prices. The Firm projects a minimum consolidated CET1 ratio of 12.4%, against a 14.6% actual level at 4Q25 and a projected 14.4% at 1Q28, well above the 4.5% regulatory minimum. Other projected minimums are 13.3% for Tier 1 risk-based capital, 15.3% for total risk-based capital, 6.2% for the Tier 1 leverage ratio, and 5.3% for the supplementary leverage ratio. The Firm's subsidiary, JPMorgan Chase Bank, N.A., shows a projected minimum CET1 ratio of 13.2%. On a nine-quarter cumulative basis, the Firm projects pre-provision net revenue of $135.9 billion, a provision for credit losses of $95.6 billion, and total projected loan losses of $70.2 billion (a 5.0% portfolio loss rate). Trading and counterparty losses are $10.9 billion and other losses are $17.8 billion. These items reduce pre-tax income to a projected $11.4 billion over the period, or 0.2% of average assets. Projected risk-weighted assets rise from $1,982 billion at 4Q25 to $2,089 billion at 1Q28. The results are hypothetical and are not forecasts of expected earnings, losses, or capital. The filing also notes that the Federal Reserve's own results may differ, and that the Stress Capital Buffer will remain at current levels through September 30, 2027. For investors, the key takeaway is that JPMorgan's stressed capital ratios remain comfortably above regulatory minimums under the severe scenario, indicating substantial loss-absorbing capacity. The Firm's stress results are a disclosure of model-based estimates rather than a change in capital policy, and the filing contains no new dividend, buyback, or capital action announcements.

Jun 24, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Corporate Update (Jun 2, 2026)

JPMorgan Chase & Co. (JPM) announced the closing of a public offering of $500 million in aggregate principal amount of Fixed-to-Floating Rate Notes due 2030. This issuance is an additional tranche to a previous offering of $2.75 billion of similar notes that closed on April 23, 2026, effectively bringing the total principal amount of this note series to $3.25 billion. These notes were registered under the Securities Act of 1933 via a Form S-3 registration statement. The filing includes the legal opinion from Simpson Thacher & Bartlett LLP regarding the legality of the Notes, as well as their consent. This offering is a routine capital markets activity for a large financial institution like JPM and is expected to be used for general corporate purposes, contributing to the company's overall funding structure.

Jun 2, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Corporate Update (May 27, 2026)

JPMorgan Chase & Co. (JPM) filed an 8-K on May 27, 2026 announcing the redemption on June 1, 2026 of all 200,000 outstanding shares of its 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series KK, represented by 2,000,000 depositary shares. The redemption price is $10,000 per preferred share ($1,000 per depositary share), for an aggregate payment of about $2.0 billion. The filing is a routine capital-management event under Item 8.01 (Other Events) and does not include financial statements, earnings, or guidance. For investors, the redemption reduces preferred equity by roughly $2.0 billion, about 0.5% of the Firm's $364 billion in stockholders' equity as of March 31, 2026. The filing does not state the reason for the call. Because the preferred is a fixed-rate reset security, the redemption is most likely tied to the reset date under the terms of the offering, though the filing does not confirm this. Holders receive the $1,000 per depositary share redemption price plus the final dividend, which is payable on June 1, 2026 to holders of record on May 4, 2026. Depositary receipts must be surrendered to Computershare, with book-entry shares handled through DTC procedures. The event has limited direct impact on JPM's operating results or share count. Its significance lies mainly in how it affects the Firm's capital structure and the preferred stock's future. Investors should watch whether JPM replaces the Series KK issuance with new preferred or other capital instruments, which would be the more informative signal about the Firm's capital management.

May 27, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Shareholder Vote Results (May 21, 2026)

JPMorgan Chase & Co. (JPM) filed an 8-K report on May 21, 2026, detailing the outcomes of its Annual Meeting of Shareholders held on May 19, 2026. The meeting saw a strong turnout, with 85.17% of shares represented, indicating significant shareholder engagement. All management-proposed resolutions were overwhelmingly approved, including the election of all 11 director nominees and the ratification of PricewaterhouseCoopers LLP as the independent auditor. Investors should note the strong endorsement of executive compensation, with 92.35% of votes cast in favor of the advisory resolution. However, several shareholder-sponsored proposals, particularly those related to environmental and social governance (ESG) matters such as climate initiatives, independent board chair, lobbying alignment, and sustainability ROI reporting, did not receive majority support. This indicates a divergence in priorities between the board's recommendations and the voting outcomes on these specific ESG-focused initiatives.

May 21, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Rights Modification (May 7, 2026)

JPMorgan Chase & Co. (JPM) has filed an 8-K report detailing the issuance of new preferred stock and associated depositary shares. On May 7, 2026, the company completed the sale of 300,000 shares of its 6.100% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series PP. These shares were represented by 3,000,000 depositary shares, each representing a one-tenth interest. This issuance was conducted under the company's effective Registration Statement on Form S-3 and aims to further diversify its capital structure. The Series PP Preferred Stock carries a fixed dividend rate of 6.100% and has a liquidation preference of $10,000 per share. A key characteristic is its non-cumulative dividend feature, meaning missed dividend payments are not carried forward. Furthermore, the terms of this preferred stock impose restrictions on the company's ability to pay dividends or make distributions on its common stock or junior preferred stock if it fails to declare dividends on the Series PP Preferred Stock for a completed dividend period. Investors should note that the full rights and preferences are detailed in the Certificate of Designations filed with the Delaware Secretary of State.

May 7, 2026 10-Q

JPMORGAN CHASE & CO Quarterly Report for Q1 Ended Mar 31, 2026

JPMorgan Chase & Co. reported strong financial results for the first quarter of 2026, with net income increasing by 13% to $16.5 billion, and diluted earnings per share rising 17% to $5.94. Total net revenue saw a robust 10% increase to $49.8 billion, driven by broad-based growth across both net interest income (up 9%) and noninterest revenue (up 11%). This performance was supported by higher asset management fees, investment banking fees, and contributions from Markets and Payments businesses. The firm maintained healthy profitability metrics, with Return on Common Equity (ROE) at 19% and Return on Tangible Common Equity (ROTCE) at 23%. Despite a 14% increase in noninterest expense, largely due to higher compensation and strategic investments, pre-provision profit still grew 6% year-over-year. The provision for credit losses significantly decreased by 24% due to a notable reduction in wholesale provision, though consumer credit losses, primarily from Card Services, remained a focus. The firm's capital and liquidity positions remain strong, with a Common Equity Tier 1 (CET1) capital ratio of 14.3% under the standardized approach and a Liquidity Coverage Ratio (LCR) of 112%. The firm also returned capital to shareholders through dividends and share repurchases.

May 1, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Bylaw Amendment (Apr 24, 2026)

JPMorgan Chase & Co. (JPM) has filed an 8-K report detailing amendments to its By-laws, effective April 21, 2026. The primary change updates Article IX concerning the advancement of fees and expenses for directors and officers. These amendments introduce new requirements that any advancement must adhere to terms and conditions set by the Corporation, which are subject to modification. This action by the Board of Directors aims to provide greater clarity and control over the disbursement of corporate funds for legal and other expenses related to its personnel.

Apr 24, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Corporate Update (Apr 23, 2026)

JPMorgan Chase & Co. (JPM) announced the successful closing of multiple public offerings of debt securities on April 23, 2026. The offerings comprise an aggregate principal amount of $10 billion in Notes, including Floating Rate Notes and several series of Fixed-to-Floating Rate Notes with maturities in 2030, 2032, and 2037. These offerings were registered under the Securities Act of 1933, indicating a transparent and compliant issuance process. This significant debt issuance provides the company with substantial capital, likely intended for general corporate purposes, funding growth initiatives, or strengthening its balance sheet. Investors interested in JPM should note the diversified maturity profile and the inclusion of both floating and fixed-to-floating rate instruments, which may offer different risk and return characteristics depending on the prevailing interest rate environment. The filing also includes legal opinions from Simpson Thacher & Bartlett LLP, reinforcing the procedural regularity of these offerings.

Apr 23, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Financial Results (Apr 14, 2026)

JPMorgan Chase reported first-quarter 2026 net income of $16.5 billion, or $5.94 per diluted share, up 13% year over year (EPS up 17%) and up 27% sequentially. Reported net revenue rose 10% to $49.8 billion (managed $50.5 billion), led by a 20% rise in Markets revenue to a record $11.6 billion and a 28% jump in Investment Banking fees. Noninterest expense rose 14% to $26.9 billion, so the reported overhead ratio widened to 54%, though credit costs fell 24% to $2.5 billion because the year-ago quarter carried a larger reserve build. Return on tangible common equity was 23% and return on common equity 19%. Loans grew 11% year over year to $1.5 trillion and deposits grew 7% to $2.68 trillion. Balance sheet and capital remained strong. Standardized CET1 was 14.3% and Advanced CET1 was 14.1%, with CET1 capital of $291 billion, and the supplementary leverage ratio stood at 5.6%. Book value per share reached $128.38 (up 8%) and tangible book value per share $108.87 (up 8%). The firm returned $4.1 billion in common dividends ($1.50 per share) and repurchased $8.1 billion of stock, for a trailing-twelve-month net payout of 82%. Management noted that the Apple Card transaction is reducing risk-weighted assets, now about $30 billion versus $110 billion at year-end 2025 after modeling steps were completed. The quarter's main watch items are the sharp rise in noninterest expense, the lower net interest income from falling rates (Corporate NII fell 35% sequentially), and the trajectory of credit card net charge-offs, which rose to 3.47%. Management also cited geopolitical risk, energy price volatility, and capital regulation as ongoing concerns. Overall, the filing shows broad-based growth across Markets, Investment Banking, Asset & Wealth Management, and Consumer & Community Banking.

Apr 14, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Regulation FD Disclosure (Apr 14, 2026)

JPMorgan Chase reported 1Q26 net income of $16.5B (up 13% YoY) and diluted EPS of $5.94, with managed revenue of $50.5B (up 10% YoY), net interest income of $25.5B (up 9%), and noninterest revenue of $25.1B (up 11%). Return on tangible common equity was 23%. Markets revenue of $11.6B (up 20%) was a major driver, and Commercial & Investment Bank net income rose 30% to $9.0B. Expenses rose 14% to $26.9B, driven by compensation, brokerage and distribution fees, marketing, and auto lease depreciation. Credit costs were $2.5B, including $2.3B of net charge-offs and a $191mm net reserve build, and the Firm's managed overhead ratio was 53%. Capital and distributions remained strong. The standardized CET1 ratio was 14.3% and the advanced ratio was 14.1%, both down from 4Q25 mainly because standardized RWA rose to $2.04T. The Firm paid a $4.1B common dividend ($1.50 per share) and made $8.1B of net share repurchases, a trailing-twelve-month net payout of 82%. Tangible book value per share rose to $108.87, and book value per share was $128.38. Management updated its FY2026 outlook: net interest income of about $103B (about $95B excluding Markets), a Card Services net charge-off rate of about 3.4%, and adjusted expense of about $105B, all market dependent. The presentation also set out the Firm's preliminary view of the U.S. Basel III Endgame and GSIB surcharge proposals. JPMorgan estimates that, taken together, they would increase its required CET1 capital by roughly 4%, with the GSIB surcharge falling about 30 bps. The filing itself only furnishes the earnings slides under Item 7.01 and makes no new financial disclosures beyond them.

Apr 14, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Regulation FD Disclosure (Feb 23, 2026)

JPMorgan Chase & Co. filed this Form 8-K under Item 7.01 (Regulation FD) to furnish slides and speaker bios from its February 23, 2026 Company Update presentation. No new financial results were reported; the filing is primarily forward-looking guidance and strategic positioning. Management highlighted record 2025 net income of $57B (up 8% YoY, EPS up 12%), revenue of $186B (10th consecutive year of growth), and a 20% ROTCE, the eighth straight year at or above 17%. The Firm reaffirmed or updated key 2026 outlook items: ~$95B NII ex. Markets, ~$104.5B firmwide NII, ~$105B adjusted expense, ~$19.8B technology expense (about 10% YoY), and a Card NCO rate of ~3.4%. The outlook points to continued growth in Investment Banking, Payments, Securities Services and Asset & Wealth Management fees, alongside expected retail deposit growth resuming in 2026 as yield-seeking flows abate. Management described the macro backdrop as supportive but flagged intensifying competition, persistent inflation, geopolitical risk, a softening labor market, and elevated asset prices. The Firm also noted a new wholesale credit reserve established in 4Q25 and a stated focus on capital and liquidity regulatory reform. Management also reiterated a 17% through-the-cycle ROTCE target and provided an updated set of long-term ambitions shared at the 2025 Investor Day. For investors, the key takeaways are the reaffirmed expense and NII discipline, the strong 2025 profitability base, and a cautiously optimistic 2026 tone. Investors should monitor the pace of deposit growth, the sustainability of Markets and IB fee strength, credit normalization in cards and wholesale, and the operating leverage implied by revenue growth outpacing expense growth. Because the slides are furnished rather than filed, the figures are management projections and non-GAAP measures that should be checked against the 2025 Form 10-K.

Feb 23, 2026 10-K

JPMORGAN CHASE & CO Annual Report, Year Ended Dec 31, 2025

JPMorgan Chase & Co. (JPM) reported its 2025 fiscal year results, showcasing significant growth in assets to $4.4 trillion and stockholders' equity to $362.4 billion. The company operates across three main segments: Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM), with Corporate activities comprising the remainder. The firm is subject to extensive global regulation, including capital and liquidity requirements consistent with Basel III. Recent regulatory proposals in the U.S. aim to amend risk-based capital frameworks, and the firm continues to monitor these developments. Supervisory stress testing, including CCAR, remains a key component of capital planning, with updated requirements expected in 2027 based on revised models. JPM's global workforce stands at 318,512 employees across 66 countries. The company emphasizes attracting and retaining talent through competitive compensation and robust benefit programs. The risk factor disclosures highlight a broad range of risks including legal, regulatory, market, credit, liquidity, operational, strategic, conduct, reputation, country, and people risks, underscoring the complex and dynamic environment in which the firm operates.

Feb 13, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Corporate Update (Feb 5, 2026)

JPMorgan Chase & Co. (JPM) has announced the successful closing of a public offering of $3 billion in Fixed-to-Floating Rate Subordinated Notes due 2037. This event, closing on February 5, 2026, indicates the company's proactive approach to managing its capital structure and funding needs. The issuance of subordinated debt strengthens JPM's regulatory capital base, which is a key consideration for investors in the financial services sector, potentially enhancing its financial resilience and ability to absorb losses. The notes are registered under the Securities Act of 1933, with the relevant legal opinions from Simpson Thacher & Bartlett LLP filed as exhibits. This filing provides transparency regarding the legality and structure of the new debt issuance. Investors should note that subordinated notes typically carry a higher yield than senior debt due to their lower place in the capital structure in the event of a liquidation, but also present a layer of capital that can absorb losses before common shareholders are impacted.

Feb 5, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Executive Changes (Jan 22, 2026)

JPMorgan Chase & Co. (JPM) filed an 8-K on January 21, 2026, disclosing the annual compensation for CEO James Dimon for the year 2025. Mr. Dimon's total compensation was set at $43 million, an increase from $39 million in the prior year. This compensation package emphasizes performance-based incentives, with 88% of his variable compensation delivered as at-risk Performance Share Units (PSUs) tied to long-term metrics, primarily Return on Tangible Common Equity (ROTCE). The filing also highlights the firm's robust performance in 2025, reporting record revenue for the eighth consecutive year at $185.6 billion and net income of $57.0 billion. The company maintained a strong financial position with a CET1 ratio of 14.5% and significant liquidity. These results and the compensation structure are presented as aligning executive pay with shareholder interests and reflecting strong leadership and strategic execution.

Jan 22, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Corporate Update (Jan 22, 2026)

JPMorgan Chase & Co. (JPM) has announced the successful closing of multiple public offerings of debt securities on January 22, 2026. These offerings include $400 million in Floating Rate Notes due 2032, $2.6 billion in Fixed-to-Floating Rate Notes due 2032, and $3 billion in Fixed-to-Floating Rate Notes due 2037. The aggregate principal amount raised across these offerings totals $6 billion. These issuances were registered under the Securities Act of 1933 via a Form S-3 registration statement. The filing also includes supporting legal opinions from Simpson Thacher & Bartlett LLP regarding the legality of the notes. Investors should view this as a strategic move by JPM to access capital markets and manage its funding structure. The diverse maturity dates and interest rate structures of these notes suggest an active approach to balance sheet management and potential interest rate hedging strategies.

Jan 22, 2026 8-K

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

JPMorgan Chase reported fourth-quarter 2025 net income of $13.0B, or $4.63 per diluted share, down 7% year over year, with managed revenue of $46.8B up 7% YoY. Results were depressed by a $2.2B credit reserve established for the forward purchase commitment of the Apple credit card portfolio. Excluding that significant item, net income would have been $14.7B, EPS $5.23, and ROTCE 20%. The Apple reserve, which equates to a $0.60 per-share hit after tax, is the main distortion investors need to adjust for when comparing the quarter with prior periods. Core operating trends were solid. Net interest income rose 7% YoY to $25.1B and noninterest revenue rose 7% to $21.7B, with Markets revenue up 17% to $8.2B. Expenses rose 5% to $24.0B, and the managed overhead ratio was 51%. Average loans grew 9% YoY to $1.5T and average deposits grew 6% to $2.6T. Credit costs were $4.7B, including $2.5B of net charge-offs and a $2.1B net reserve build. Capital remained strong, with a standardized CET1 ratio of 14.5% (down from 15.7% a year earlier, mainly reflecting RWA growth and the Apple card effect). The firm returned $4.1B in common dividends and made $7.9B of net buybacks. Management guided to 2026 net interest income of about $103B (about $95B excluding Markets), adjusted expense of about $105B, and a Card Services net charge-off rate of about 3.4%. Expected reduction in Apple card advanced RWA from roughly $110B to $30B should also benefit capital ratios once modeling is complete. Note that this 8-K furnishes presentation slides under Regulation FD and contains no new financial statements.

Jan 13, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Financial Results (Jan 13, 2026)

JPMorgan Chase reported fourth-quarter 2025 net income of $13.0 billion, or $4.63 per diluted share, down 7% from $14.0 billion ($4.81 per share) a year earlier. Results include a $2.2 billion credit reserve established for the forward purchase commitment on the Apple credit card portfolio, which reduced EPS by $0.60. Excluding that item, net income was $14.7 billion ($5.23 per share). Reported revenue was $45.8 billion, up 7% year over year, with net interest income up 7% and noninterest revenue up 7%. Noninterest expense rose 5% to $24.0 billion, and the provision for credit losses was $4.7 billion, up sharply from $2.6 billion a year earlier. Full-year 2025 net income was $57.0 billion ($20.02 per share), with ROE of 17% and ROTCE of 20%. Underlying business momentum was strong. Markets revenue rose 17% to $8.2 billion, with Equity Markets up 40%, while Investment Banking fees fell 5% year over year. Asset & Wealth Management revenue rose 13% to a record $6.5 billion on $4.8 trillion of assets under management, and Payments revenue reached a record $5.1 billion. Consumer & Community Banking revenue rose 6%, but its net income fell 19% because of the Apple reserve and higher credit costs in Card Services. Management also announced that JPMorgan will become the new issuer of the Apple Card. Capital and shareholder returns remained substantial. The firm paid a $1.50 quarterly dividend, repurchased $7.9 billion of common stock net of issuance, and returned 82% of LTM earnings. Book value per share rose 9% to $126.99 and tangible book value per share rose 11% to $107.56. The Apple commitment lowered the Standardized CET1 ratio by about 25 basis points to an estimated 14.5%, and the Advanced ratio by about 90 basis points to 14.1%. CEO Jamie Dimon cautioned that markets may underappreciate geopolitical, inflation and asset price risks.

Jan 13, 2026 8-K

JPMORGAN CHASE & CO 8-K Report, Executive Changes (Dec 8, 2025)

JPMorgan Chase & Co. (JPM) has filed a current report (8-K) on December 7, 2025, announcing the resignation of Todd A. Combs from its Board of Directors, effective immediately on December 7, 2025. This departure is stated to be voluntary and not due to any disagreements between Mr. Combs and the Company. While the filing does not provide specific reasons for his resignation, it is important for investors to note that such changes in board composition can sometimes precede strategic shifts or signal evolving governance dynamics. This particular filing focuses solely on the director departure and associated exhibits related to financial data formatting (Inline XBRL). There are no immediate financial disclosures or operational updates provided in this 8-K. Investors should monitor future filings for any potential implications of Mr. Combs' departure on board oversight, committee assignments, or the company's strategic direction, although the lack of stated disagreement suggests a potentially smooth transition.

Dec 8, 2025 10-Q

JPMORGAN CHASE & CO Quarterly Report for Q3 Ended Sep 30, 2025

JPMorgan Chase & Co. reported a strong third quarter of 2025, with net income up 12% year-over-year to $14.4 billion and diluted earnings per share of $5.07. Total net revenue saw a significant 9% increase to $46.4 billion, driven by robust performance in both net interest income (up 2% to $24.0 billion) and noninterest revenue (up 17% to $22.5 billion). The Commercial & Investment Bank segment was a standout performer, with total net revenue up 17% driven by strong Markets revenue (up 25%) and investment banking fees (up 16%). The Consumer & Community Banking segment also showed solid growth, with net revenue up 9%, supported by higher net interest income and card services volume. Asset & Wealth Management reported a 12% increase in total net revenue, boosted by higher assets under management, up 18%. The firm's capital position remains strong, with a Common Equity Tier 1 (CET1) ratio of 14.8% under the Standardized approach, well above regulatory requirements. The provision for credit losses increased by 9% to $3.4 billion, reflecting higher net charge-offs, particularly in Card Services and Wholesale, and a net addition to the allowance for credit losses. Despite this increase, the overall credit quality metrics, such as the allowance for loan losses to total retained loans ratio (1.88%), remain stable.

Nov 4, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Corporate Update (Oct 22, 2025)

JPMorgan Chase & Co. (JPM) has announced the successful closing of two public offerings of senior unsecured debt, totaling $5 billion. The offerings consist of $2 billion in Fixed-to-Floating Rate Notes due 2031 and $3 billion in Fixed-to-Floating Rate Notes due 2036. These offerings are part of the company's ongoing funding strategy and were registered under a previously filed Form S-3 registration statement. Investors in these notes can expect a fixed interest rate until the respective maturity dates, after which the rate will convert to a floating rate. This issuance allows JPM to access diverse sources of capital and manage its funding profile effectively. The filing also includes the legal opinion from Simpson Thacher & Bartlett LLP regarding the legality of these notes.

Oct 22, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Regulation FD Disclosure (Oct 14, 2025)

JPMorgan Chase furnished slides (Exhibit 99) for its 3Q25 earnings presentation on October 14, 2025, reporting net income of $14.4B and diluted EPS of $5.07, up 12% year over year. Managed revenue rose 9% to $47.1B, with net interest income (NII) of $24.1B up 2% and noninterest revenue (NIR) of $23.0B up 16%. Markets revenue of $8.9B grew 25%, and NIR excluding Markets rose 16% on higher asset management fees, investment banking fees and Payments fees. Expense increased 8% to $24.3B, and the managed overhead ratio held at 52%. ROTCE was 20% and ROE was 17%. Credit costs were $3.4B, including $2.6B of net charge-offs (up $506mm year over year, driven mainly by Wholesale and Card Services) and an $810mm reserve build. The capital position remained strong, with a Standardized CET1 ratio of 14.8% (down from 15.1% in 2Q25 as RWA grew to $1.9T), and the Firm returned capital through a $4.1B common dividend ($1.50 per share) and $8.0B of net share repurchases. Management reiterated 2025 guidance of roughly $95.8B NII and roughly $95.9B adjusted expense, and gave a preliminary 2026 central case of about $95B NII excluding Markets. For investors, the quarter combines strong earnings growth and capital returns with a few watch items: Consumer NCO trends in Card Services (Card NCO rate of 3.15% versus a full-year 2025 outlook of about 3.3%), margin pressure from lower rates and deposit margin compression, and a rising expense base. The Firm's Standardized CET1 ratio declined quarter over quarter, and the Firm LCR fell to 110% from 113%.

Oct 14, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Financial Results (Oct 14, 2025)

JPMorgan Chase reported third-quarter 2025 net income of $14.4 billion, or $5.07 per diluted share, up 12% from $12.9 billion ($4.37 per share) a year earlier, though down 4% sequentially from $15.0 billion in Q2 2025. Reported net revenue rose 9% year over year to $46.4 billion, with managed revenue of $47.1 billion. ROTCE was 20% and ROE 17%. Growth was driven by the Commercial & Investment Bank, where Markets revenue rose 25% and Investment Banking fees rose 16%, and by Asset & Wealth Management, where assets under management reached $4.6 trillion, up 18%. Expenses rose 8% to $24.3 billion, and the overhead ratio held at 52%. Credit costs increased, with the provision for credit losses at $3.4 billion (up 9% year over year) including $2.6 billion of net charge-offs and an $810 million net reserve build. Card Services net charge-off rate was 3.15%. The Corporate segment's net income fell 54% year over year to $825 million, mainly because lower rates compressed net interest income and the prior-year period included a $7.9 billion Visa gain. Excluding that one-time item, underlying revenue growth was considerably stronger than reported figures suggest. Capital position remained strong. The Standardized CET1 ratio was an estimated 14.8%, and the Firm paid a $1.50 quarterly dividend (up 7%) and repurchased $8.0 billion of common stock. Book value per share reached $124.96 and tangible book value per share $105.70, both up about 9-10% year over year. Management highlighted continued economic uncertainty from geopolitical conditions, tariffs and sticky inflation, while noting some softening in job growth.

Oct 14, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Bylaw Amendment (Sep 12, 2025)

JPMorgan Chase & Co. (JPM) filed an 8-K on September 11, 2025, primarily to announce an amendment to its By-laws. Effective September 12, 2025, the company has updated the title of its officer role from "General Auditor" to "Chief Audit Executive" within specific sections of its By-laws. This change, while seemingly minor, reflects an internal organizational and nomenclature adjustment. While this 8-K does not contain significant financial updates or strategic business changes, investors should note that such amendments are standard practice for large corporations to ensure their governance documents align with current internal structures and terminology. The full amended By-laws are available as an exhibit to this filing for those seeking detailed information.

Sep 12, 2025 10-Q

JPMORGAN CHASE & CO Quarterly Report for Q2 Ended Jun 30, 2025

JPMorgan Chase & Co. reported solid results for the second quarter of 2025, with net income of $15.0 billion, a decrease of 17% year-over-year, largely due to the absence of a significant gain from Visa shares recognized in the prior year's second quarter. Total net revenue was $44.9 billion, down 11%, but excluding the prior year's Visa share gain, revenue was up 11% driven by strong performance in the Commercial & Investment Bank (CIB), particularly in Markets, and growth in Asset & Wealth Management (AWM). The Consumer & Community Banking (CCB) segment also showed resilience with a 6% increase in total net revenue, driven by higher auto operating lease income and asset management fees. Provision for credit losses was $2.8 billion, up 7% year-over-year, with net charge-offs increasing slightly, primarily in Card Services. The firm maintained strong capital ratios, with CET1 capital at 15.1% under the Standardized approach, reflecting a robust capital position. The company also announced a new $50 billion common share repurchase program and intends to increase its quarterly common stock dividend to $1.50 per share, demonstrating confidence in its financial health and commitment to returning capital to shareholders.

Aug 5, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Corporate Update (Jul 23, 2025)

JPMorgan Chase & Co. (JPM) has announced the successful closing of a public offering of $4 billion in Fixed-to-Floating Rate Subordinated Notes due 2036. This issuance is a debt financing activity aimed at strengthening the company's capital structure and providing additional flexibility for future operations and growth. The Subordinated Notes are registered under the Securities Act of 1933, indicating compliance with regulatory requirements for public offerings. The filing also includes supporting legal opinions from Simpson Thacher & Bartlett LLP, confirming the legality of the issued notes. Investors should note that these are subordinated debt instruments, meaning they rank lower in priority of payment compared to senior debt in the event of bankruptcy or liquidation.

Jul 23, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Regulation FD Disclosure (Jul 15, 2025)

JPMorgan Chase reported 2Q25 net income of $15.0B and diluted EPS of $5.24, with managed revenue of $45.7B, expenses of $23.8B, and a managed overhead ratio of 52%. Excluding a $774mm income tax benefit recorded in Corporate, net income was $14.2B, EPS was $4.96, and ROTCE was 20%. Results were up year over year in most lines: Consumer & Community Banking (CCB) net income rose 23% to $5.2B, Commercial & Investment Bank (CIB) net income rose 13% to $6.7B, and Asset & Wealth Management (AWM) net income rose 17% to $1.5B. Comparisons to 2Q24 are distorted by the prior-year $7.9B Visa share gain, which drove the 2Q24 Corporate decline. Balance sheet and capital remained strong. The Standardized CET1 ratio was an estimated 15.0% (down from 15.4% in 1Q25, mainly due to RWA growth of about $71B), and the Advanced ratio was 15.1%. Average loans rose 5% year over year to $1.4T and average deposits rose 6% to $2.5T. The Firm distributed $3.9B in common dividends and made $7.1B of net share repurchases. Tangible book value per share rose to $103.40 from $100.36 in 1Q25. The Firm also updated its FY2025 outlook: net interest income of about $95.5B (about $92B excluding Markets), Card Services net charge-off rate of about 3.6%, and adjusted expense of about $95.5B, all market-dependent. For investors, the key takeaways are the earnings quality beneath the headline and the trajectory of credit and expenses. Underlying profitability remained high, with ROTCE of 20% excluding the tax benefit, and Markets revenue of $8.9B was up 15% year over year. Credit costs of $2.8B included a $371mm net reserve build in CIB, and Card Services net charge-off rate was 3.40%. Investors should monitor whether the rise in RWA and the lower CET1 ratio reflect a deliberate deployment of capital into lending, and whether the Markets-driven revenue strength can be sustained.

Jul 15, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Financial Results (Jul 15, 2025)

JPMorgan Chase reported second-quarter 2025 net income of $15.0 billion, or $5.24 per diluted share, down 17% from $18.1 billion ($6.12 per share) in the prior-year quarter. The comparison is distorted by the prior year's $7.9 billion net gain on Visa shares. Excluding a $774 million income tax benefit in Corporate, net income was $14.2 billion ($4.96 per share). Reported net revenue fell 11% to $44.9 billion, while noninterest expense was flat at $23.8 billion. Excluding the prior-year $1.0 billion Visa share contribution to the JPMorgan Chase Foundation, expenses rose about 5%. Underlying operating momentum was solid: net income excluding the tax benefit rose roughly 0% year-over-year on an adjusted basis against a much higher prior-year base that included the Visa gain. Investment Banking fees rose 7% and Markets revenue rose 15% to $8.9 billion, asset management fees rose 10%, and client assets reached $6.4 trillion. Balance sheet and capital remained strong. The CET1 ratio was 15.0% on the Standardized basis and 15.1% on the Advanced basis, book value per share rose 10% to $122.51, and tangible book value per share rose 11% to $103.40. The firm returned capital through a $3.9 billion common dividend ($1.40 per share) and $7.1 billion of net buybacks, and management indicated the Board intends to raise the dividend again. Credit costs were $2.8 billion, with $2.4 billion of net charge-offs and a $439 million net reserve build, concentrated in Card Services and Wholesale. Management flagged persistent risks including tariffs, geopolitical conditions, fiscal deficits, and elevated asset prices. For investors, the headline decline is largely a comparison effect from the 2024 Visa gain, and the core businesses grew. Key watch items are the sustainability of Markets and investment banking momentum, net interest income pressure from lower rates and deposit margin compression, and credit trends in Card Services.

Jul 15, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Regulation FD Disclosure (Jul 1, 2025)

JPMorgan Chase furnished its company-run 2025 Dodd-Frank Act Stress Test (DFAST) results under Item 7.01 (Regulation FD) on July 1, 2025. The filing covers a nine-quarter projection (1Q25 through 1Q27) under the Federal Reserve's Supervisory Severely Adverse Scenario, which assumes a U.S. real GDP decline of 7.8%, unemployment peaking at 10.0%, a 50% stock market decline, and a 33% house price decline. These are hypothetical estimates, not forecasts, and the Firm states that its results may differ from the Federal Reserve's own results. The Firm's Standardized CET1 ratio is projected to fall from 15.7% at 4Q24 to 14.8% at 1Q27, with a projected minimum of 13.7%. Total cumulative projected pre-provision net revenue (PPNR) is $93.8 billion, offset by $79.3 billion of provisions for credit losses, $12.4 billion of trading and counterparty losses, and $5.0 billion of other losses. This produces a cumulative pre-tax net loss of $3.2 billion over the nine quarters. The results show that JPMorganChase retains substantial capital headroom above the regulatory minimums even under severe stress. The projected minimum CET1 ratio of 13.7% is well above the 4.5% regulatory minimum noted in the filing, and the Tier 1 leverage and supplementary leverage ratios (SLR) also stay above their minimums (projected minimums of 6.6% and 5.6%, respectively). Projected loan losses total $60.7 billion, equal to a 4.7% portfolio loss rate, with domestic first-lien mortgages, commercial real estate, and credit cards among the main contributors. The Bank-level results (JPMorgan Chase Bank, N.A.) are similar, with a projected minimum CET1 ratio of 14.0% and a slightly positive pre-tax result of $1.9 billion. For investors, the key takeaway is that the stress test results support the Firm's capital position and its ability to absorb losses in a severe downturn, which is relevant to expectations for capital return. The filing does not include the Firm's 2025 Stress Capital Buffer (SCB), which the Federal Reserve will publish by August 31, 2025. The SCB will be the figure that determines the Firm's binding capital requirement, so investors should watch for that publication. The stress test also assumes no common dividends or share repurchases during the projection period, a standardized assumption that does not reflect management's actual capital return plans.

Jul 1, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Corporate Update (Jul 1, 2025)

On July 1, 2025, JPMorgan Chase & Co. (NYSE: JPM) filed a Form 8-K furnishing a press release that announces three capital actions tied to its preliminary Stress Capital Buffer (SCB) requirement from the Federal Reserve. The Board intends to raise the quarterly common stock dividend to $1.50 per share from $1.40 for the third quarter of 2025, which would be the Firm's second dividend increase this year. The Board also authorized a new $50 billion common share repurchase program effective July 1, 2025, to be used at management's discretion. Dividend declarations remain subject to customary Board approval. The preliminary SCB requirement fell to 2.5% from 3.3%, and the resulting Standardized CET1 requirement including regulatory buffers declined to 11.5% from 12.3%. This is a meaningful reduction in regulatory capital headroom needed, which expands the Firm's excess capital. The Federal Reserve will deliver the final SCB by August 31, 2025, effective October 1, 2025 through September 30, 2026. JPMorgan also noted that it awaits finalization of a Federal Reserve proposal to reduce capital requirement volatility by averaging stress test results over two years and moving the effective date to January 1. For investors, the filing signals strong capital generation and a shift toward greater shareholder distributions. The lower SCB, larger dividend, and $50 billion buyback authorization together point to increased capital return capacity. Management framed the actions as sustainable and supported by financial performance, while cautioning that repurchase amounts and timing depend on various factors. Note that the filing itself contains no new financial results; figures cited are as of March 31, 2025 ($4.4 trillion in assets, $351 billion in stockholders' equity).

Jul 1, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Shareholder Vote Results (May 22, 2025)

JPMorgan Chase & Co. (JPM) filed an 8-K on May 21, 2025, reporting on the outcomes of its Annual Meeting of Shareholders held on May 20, 2025. The meeting saw a robust turnout, with 85.21% of outstanding shares represented, indicating strong shareholder engagement. All management proposals received overwhelming support, including the election of all 12 director nominees and the approval of executive compensation on an advisory basis. Furthermore, the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025 was also overwhelmingly ratified. However, two shareholder proposals did not pass. These included a proposal advocating for an independent board chairman and another requesting a report on the social impacts of transition finance. The lack of approval for these shareholder-led initiatives suggests that the majority of voting shareholders align with the board's current structure and priorities, or at least do not see sufficient merit in the proposed changes as presented.

May 22, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Regulation FD Disclosure (May 19, 2025)

JPMorgan Chase's May 19, 2025 Form 8-K furnishes slides and speaker bios from its 2025 Investor Day under Regulation FD (Item 7.01); no new financial results were reported. The presentation reaffirmed the Firm's 17% through-the-cycle ROTCE target and its 2025 guidance: net interest income ex. Markets of ~$90B (firmwide NII ~$94.5B including Markets), adjusted expense of ~$95B, and Firmwide technology expense of ~$18B. Management framed the outlook as fluid, citing tariffs, regulatory uncertainty, geopolitical risk and a possibly softer labor market, while stating consumers and small businesses remain financially healthy. The credit outlook is central to the investor debate. Card net charge-off guidance is ~3.6% for 2025 in the central case, with an illustrative incremental loss range of roughly $1B in a mild recession to about $4B in a deep recession, and a reserve build of under $3B. The Firm also disclosed a Standardized CET1 excess of $173B at 1Q25 (reported CET1 of about $280B against roughly $57B of regulatory requirements including buffers) and continued to argue for a holistic review of capital and liquidity rules. The bulk of the presentation focused on growth franchises, particularly Consumer & Community Banking (retail deposit share of 11.3%, card outstandings share of 17.3%, a long-term ambition of 15% deposit share, and a plan to double Wealth Management client assets to $2T). Asset & Wealth Management (AWM) reported a 34% pretax margin and 34% ROE in 2024, and the Commercial & Investment Bank (CIB) highlighted Payments and Markets franchise strength. The investor takeaway is a franchise with strong expense discipline and reaffirmed targets, with the main risks being macro and credit sensitivity rather than any change to reported results.

May 19, 2025 10-Q

JPMORGAN CHASE & CO Quarterly Report for Q1 Ended Mar 31, 2025

JPMorgan Chase & Co. (JPM) reported strong first quarter 2025 results, with net income increasing 9% year-over-year to $14.6 billion, or $5.07 per diluted share. Total net revenue grew 8% to $45.3 billion, driven by a significant 17% increase in noninterest revenue, largely fueled by a robust performance in the Commercial & Investment Bank (CIB) segment, which saw Markets revenue surge 21%. Net interest income saw a modest 1% increase, impacted by lower rates and deposit margin compression, though this was partially offset by growth in wholesale deposits and higher revolving balances in Card Services. The firm demonstrated solid profitability with a Return on Common Equity (ROE) of 18% and a Return on Tangible Common Equity (ROTCE) of 21%. Capital ratios remained strong, with Common Equity Tier 1 (CET1) capital at 15.4% under the Standardized approach. The company also returned capital to shareholders through dividends and share repurchases, with a declared quarterly dividend of $1.40 per share, an increase from the prior quarter. The provision for credit losses increased significantly to $3.3 billion from $1.9 billion in the prior year, reflecting a build-up in the allowance for credit losses, particularly in Card Services, due to the seasoning of recent loan vintages and a more cautious macroeconomic outlook.

May 1, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Corporate Update (Apr 22, 2025)

JPMorgan Chase & Co. (JPM) announced the successful closing of two public offerings of debt securities on April 22, 2025. The offerings comprised $2.5 billion in Fixed-to-Floating Rate Notes due 2031 and $3.5 billion in Fixed-to-Floating Rate Notes due 2036, totaling $6 billion in aggregate principal amount. These issuances were registered under the Securities Act of 1933, indicating the company's ongoing access to capital markets. This move suggests JPM is proactively managing its balance sheet and potentially funding future growth initiatives or refinancing existing obligations. Investors should note that the fixed-to-floating rate structure means these notes will initially pay a fixed interest rate before transitioning to a floating rate at a later point, offering a degree of flexibility in how interest costs are managed by the company and how returns are perceived by investors over different economic cycles. The company has also filed the legal opinion from Simpson Thacher & Bartlett LLP, as is standard practice for such offerings, reinforcing the legality and proper execution of these debt issuances.

Apr 22, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Regulation FD Disclosure (Apr 11, 2025)

JPMorgan Chase's 1Q25 investor presentation (Exhibit 99, furnished under Item 7.01) reported net income of $14.6B and diluted EPS of $5.07, up $0.6B and $0.63 respectively versus 4Q24's EPS of $0.26 higher. Managed revenue was $46.0B, up $2.3B sequentially and $3.5B year over year, with net interest income of $23.4B and noninterest revenue of $22.6B. Markets revenue of $9.7B rose $2.6B sequentially, and expense of $23.6B and a 51% managed overhead ratio were broadly stable. ROTCE was 21%, and tangible book value per share rose to $100.36 from $97.30 at year-end 2024. Credit costs were $3.3B, including $2.3B of net charge-offs and a $1.0B reserve build, versus a $0.3B build in 4Q24. Capital remained strong but the standardized CET1 ratio declined to 15.4% from 15.7% in 4Q24, reflecting higher RWA (up to $1.8T from $1.76T) and capital distributions. The Firm returned $3.9B in common dividends ($1.40 per share) and made $7.1B of net common stock repurchases, for an LTM net payout of 62%. Liquidity was solid, with a Firm LCR of 113% and $1.5T of cash and marketable securities. Results included a one-time $588mm pretax ($446mm net income, $0.17 EPS) First Republic-related gain tied to a January 2025 FDIC settlement, which flattered Corporate noninterest revenue and expense. Management's FY2025 outlook calls for net interest income of about $94.5B (about $90B excluding Markets), a Card Services net charge-off rate of about 3.6%, and adjusted expense of about $95B, with NII guidance explicitly market-dependent. For investors, the key takeaways are durable earnings power from Markets and fee businesses, a modest decline in CET1 headroom, and a full-year NII outlook that depends heavily on rate and market conditions. This filing consists of investor presentation slides, not the full earnings release or 10-Q.

Apr 11, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Financial Results (Apr 11, 2025)

JPMorgan Chase reported first-quarter 2025 net income of $14.6 billion, or $5.07 per diluted share, up 9% year over year from $13.4 billion ($4.44 per share), with reported net revenue of $45.3 billion (up 8%) and managed revenue of $46.0 billion. Profitability was strong, with ROE of 18% and ROTCE of 21%. Results were helped by a $588 million First Republic-related gain and a $323 million release of the FDIC special assessment accrual, while expenses rose 4% to $23.6 billion and the overhead ratio was 52% reported (51% managed). Markets revenue of $9.7 billion (up 21%) and Equity Markets revenue (up 48%) were standout drivers, while Investment Banking fees rose 12% year over year but fell 9% sequentially as clients grew more cautious amid geopolitical and trade tensions. Credit costs increased, with the provision for credit losses at $3.3 billion versus $1.9 billion a year earlier, including a $973 million net reserve build tied largely to the macroeconomic outlook. Card Services net charge-offs rose and the card net charge-off rate reached 3.58%, which bears watching as a leading indicator of consumer credit health. Management continued to return capital, repurchasing $7.1 billion of common stock and raising the quarterly dividend 12% to $1.40 per share, while keeping a Standardized CET1 ratio of 15.4% and $1.5 trillion of cash and marketable securities. Management's commentary is cautious, citing tariffs, sticky inflation, and high asset prices, even as the firm reported record Equities revenue and AUM of $4.1 trillion. For investors, the quarter shows a diversified franchise with strong trading earnings and fee growth, a sound capital position, and rising shareholder returns. The main watch items are the sequential decline in investment banking activity, deposit margin compression and lower deposit balances in consumer banking, and rising card credit costs. Several one-time items (the First Republic gain and FDIC accrual release) flatter the reported quarter, so the underlying run-rate should be assessed with those adjustments in mind.

Apr 11, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Corporate Update (Apr 10, 2025)

JPMorgan Chase & Co. (JPM) has filed an 8-K report on April 10, 2025, to announce the filing of a Prospectus Supplement related to its Dividend Reinvestment Plan (the "Plan"). This filing is primarily administrative and legal in nature, updating the offering materials for shares of common stock that can be issued under the Plan. While not indicative of new financial performance or strategic shifts, this update ensures compliance with regulatory requirements for ongoing dividend reinvestment programs, which is a common practice for large, publicly traded companies like JPM.

Apr 10, 2025 10-K

JPMORGAN CHASE & CO Annual Report, Year Ended Dec 31, 2024

JPMorgan Chase & Co. (JPM) reported strong financial performance for the fiscal year ending December 31, 2024, with net income increasing by 18% to $58.5 billion and diluted EPS reaching $19.75. The company's total net revenue grew by 12% to $177.6 billion, primarily driven by a significant 23% increase in noninterest revenue, bolstered by a $7.9 billion net gain from Visa shares and higher asset management and investment banking fees. Net interest income also saw a 4% increase to $92.6 billion, supported by balance sheet actions and higher revolving balances in Card Services, though partially offset by deposit margin compression. The firm maintained a robust capital position with a CET1 capital ratio of 15.7% and a Tier 1 leverage ratio of 7.2%. The Consumer & Community Banking segment reported a 32% ROE, while Commercial & Investment Bank and Asset & Wealth Management also demonstrated strong profitability with ROEs of 18% and 34%, respectively. The company also authorized a new $30 billion common share repurchase program. Despite the positive financial results, the Firm faces a complex operating environment characterized by extensive regulation. Significant risk factors include regulatory risks, market risks, and operational risks, including cybersecurity. The company is subject to ongoing regulatory scrutiny and is navigating proposed changes to U.S. risk-based capital frameworks. Furthermore, several recent CFPB rules related to late payment fees, data sharing, and overdraft fees are under legal challenge, which could impact future operations if enacted. The company also highlighted its commitment to human capital, reporting a global workforce of 317,233 employees, with efforts focused on talent attraction, development, and retention.

Feb 14, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Rights Modification (Feb 4, 2025)

JPMorgan Chase & Co. (JPM) has filed an 8-K report detailing the issuance of new preferred stock. Specifically, the company issued 300,000 shares of its 6.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series OO. These shares are represented by 3,000,000 depositary shares, with each depositary share representing a one-tenth interest in a preferred share. This issuance was completed on February 4, 2025, and was made under the company's effective Registration Statement on Form S-3. The Series OO Preferred Stock carries a liquidation preference of $10,000 per share and has a fixed-rate reset feature. Importantly, the terms of this preferred stock include restrictions on the company's ability to pay dividends on or redeem junior securities if dividends on the Series OO Preferred Stock are not paid. Investors should note that these are non-cumulative preferred shares, meaning any missed dividends are not carried forward.

Feb 4, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Corporate Update (Jan 27, 2025)

JPMorgan Chase & Co. (NYSE: JPM) announced on January 27, 2025 that it will redeem all 300,000 outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series HH, represented by 3,000,000 depositary shares (each one-tenth of a preferred share, $1,000 per depositary share). The redemption is scheduled for February 1, 2025 under the optional redemption provisions of the governing documents, and the total principal being retired is approximately $3.0 billion. Payment of the $10,000 per-share redemption price (equivalent to $1,000 per depositary share) will be made on February 3, 2025, upon surrender of depositary receipts to Computershare as Depositary. February 1, 2025 is also the final dividend payment date for the Series HH preferred stock and depositary shares, with a record date of January 2, 2025. Once redeemed, the Firm will no longer have this series of preferred equity outstanding, eliminating the associated fixed-to-floating dividend obligation going forward. For investors, this is a routine capital-management event rather than a signal of financial stress. The Firm reported $4.0 trillion in assets and $345 billion in stockholders' equity as of December 31, 2024, so the roughly $3.0 billion redemption is small relative to its capital base. Redeeming a preferred series at its first optional call date typically reflects management's decision to refinance or reduce the cost of capital, and the filing does not disclose the replacement funding source, so investors may wish to monitor subsequent capital issuances or changes in the Firm's preferred stock mix.

Jan 27, 2025 8-K

JPMORGAN CHASE & CO 8-K Report, Corporate Update (Jan 24, 2025)

JPMorgan Chase & Co. (JPM) announced the closing of multiple public offerings of senior unsecured debt, totaling $8 billion. These offerings include $750 million in Floating Rate Notes due 2029, and three tranches of Fixed-to-Floating Rate Notes maturing in 2029 ($2 billion), 2031 ($2.5 billion), and 2036 ($2.75 billion). These debt issuances, registered under a Form S-3 registration statement, represent a significant capital raise for the company. Investors should note that these are senior unsecured notes, meaning they are not backed by specific collateral. The purpose of this capital raise is not detailed in this specific 8-K filing, but it typically supports general corporate purposes, including funding operations, acquisitions, or bolstering regulatory capital reserves.

Jan 24, 2025