J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries.
2026
JPMorgan Chase reported record Q2 2026 net income of $21.2 billion (up 41%) and a massive 86% surge in stock trading revenue . Despite the beat, CEO Jamie Dimon warned of 'tectonic' risks from inflation and geopolitics, while the bank raised its full-year cost guidance to $107.5 billion .
Under the Federal Reserve's revised oversight framework, the percentage of large banks rated as 'well-managed' surged from under 40% in 2024 to approximately 80% . This shift prioritizes quantifiable financial health over subjective governance, alongside the approval of major banks' 'living wills' .
JPMorgan Chase (JPM) reported Q1 2026 results that surpassed expectations, with adjusted revenue of $50.54 billion against a forecast of $49.26 billion and EPS of $5.94 . The strong performance was driven by record trading revenue and a significant rebound in investment banking fees, which rose 28% . However, the company lowered its full-year 2026 net interest income (NII) guidance to approximately $103 billion from a prior forecast of $104.5 billion . CEO Jamie Dimon also issued cautious warnings about geopolitical and economic risks despite the current resilience of the U.S. economy .
JPMorgan's Q4 2025 profit fell 7% year-over-year to ~$13 billion, primarily due to a $2.2 billion one-time provision for acquiring the Apple Card portfolio from Goldman Sachs . Excluding this charge, adjusted EPS of $5.23 beat analyst expectations, supported by strong trading revenue and a robust 2026 net interest income forecast . However, a surprise 5% decline in investment banking fees and the headline profit miss contributed to the stock falling over 4% post-announcement .
JPMorgan Chase has reached an agreement to take over the Apple Card program from Goldman Sachs, which is exiting the partnership after significant losses. The deal involves the transfer of approximately $20 billion in outstanding card balances, which Goldman is offloading at a discount exceeding $1 billion. The transition is expected to take up to 24 months, during which card services and benefits will remain unchanged for users. JPMorgan also plans to launch a new Apple savings account. This move marks the end of Goldman's troubled foray into consumer credit and strengthens JPMorgan's position in the credit card market.
2025
JPMorgan Chase has shifted $350 billion from its Federal Reserve account into U.S. Treasuries since 2023 to secure higher yields amid the threat of Federal Reserve rate cuts. The bank's Fed balance dropped from $409 billion to $63 billion, while its Treasury holdings increased from $231 billion to $450 billion.