JPMorgan Chase & Co. (JPM) Q1 2026 (USD): EPS 5.94 (exp. 5.44), Revenue 49.8bln (exp. 49.13bln), FICC Sales & Trading 7.08bln (exp. 6.65bln), Equities Sales & Trading 4.48bln (exp. 4.31bln), Investment Banking 3.14bln (exp. 2.73bln)
GUIDANCE
- Sees FY NII about 103bln (prev. 104.5bln).
- Reaffirms FY NII ex-CIB markets around USD 95bln.
- Reaffirms Adj. Expenses around 105bln.
CREDIT
- Credit costs of USD 2.5bln with USD 2.3bln of net charge-offs and a USD 191mln net reserve build.
CEO
- US economy remained resilient in the quarter, with consumers still earning and spending and businesses still healthy.
- Performance was strong across our businesses.
OTHER METRICS
- Q1 roce 19%.
- Q1 credit loss provision USD 2.51bln.
- Q1 Net Income USD 16.494bln.
Context
JPMorgan Chase reported impressive Q1 2026 results, topping expectations on both EPS and revenue, suggesting strong operational performance amid a resilient US economy. Notably, robust contributions from FICC and Equities trading underscore a dynamic market environment, although there is a slight downgrade in FY NII guidance, indicating possible margin pressures. Overall, these results could bolster sentiment towards the banking sector and enhance investor confidence in ongoing economic stability.
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