Alerian MLP Index ETN | 10-Q: FY2026 Q1 Revenue: USD 49.84 B

Revenue: As of FY2026 Q1, the actual value is USD 49.84 B.EPS: As of FY2026 Q1, the actual value is USD 5.94.Firmwide Overview (Three months ended March 31, 2026 vs. March 31, 2025)Net Income: $16.5 billion, an increase of 13% compared to $14.643 billion in the prior year. Total Net Revenue: $49.8 billion, an increase of 10% compared to $45.310 billion in the prior year. Net Interest Income (NII): $25.4 billion, an increase of 9%. NII excluding Markets: $23.3 billion, an increase of 3%. Noninterest Revenue (NIR): $24.5 billion, an increase of 11%. Total Noninterest Expense: $26.9 billion, an increase of 14% compared to $23.597 billion in the prior year. Pre-provision Profit: $23.0 billion, an increase of 6% compared to $21.713 billion in the prior year. Provision for Credit Losses: $2.5 billion, a decrease of -24% compared to $3.305 billion in the prior year. Net Charge-offs: $2.3 billion, a decrease of $16 million. Net Addition to Allowance for Credit Losses: $191 million. Total Allowance for Credit Losses: $31.4 billion as of March 31, 2026. Allowance for Loan Losses to Retained Loans Coverage Ratio: 1.82% as of March 31, 2026, down from 1.94% in the prior year. Nonperforming Assets: $10.0 billion as of March 31, 2026, an increase of 10%. Return on Common Equity (ROE): 19%. Return on Tangible Common Equity (ROTCE): 23%. Overhead Ratio: 54%. Firmwide Average Loans: $1.5 trillion, an increase of 11%. Firmwide Average Deposits: $2.6 trillion, an increase of 7%. Tangible Book Value Per Share (TBVPS): $108.87, an increase of 8%. Common Equity Tier 1 (CET1) Capital Ratio – Standardized: 14.3%. Supplementary Leverage Ratio (SLR): 5.6%. Consumer & Community Banking (CCB) (Three months ended March 31, 2026 vs. March 31, 2025)Net Income: $5.0 billion, an increase of 12%. Total Net Revenue: $19.6 billion, an increase of 7%. Net Interest Income: $14.7 billion, an increase of 4%, primarily from higher Card Services NII. Noninterest Revenue: $4.8 billion, an increase of 16%. Lending- and deposit-related fees: $947 million, an increase of 13%. Asset Management Fees: $1.3 billion, an increase of 19%. Mortgage Fees and Related Income: $303 million, an increase of 15%. Card Income: $592 million, a decrease of 9%. Other Income: $1.7 billion, an increase of 27%, including operating lease income of $1.2 billion (up from $824 million). Total Noninterest Expense: $11.0 billion, an increase of 11%. Compensation Expense: $4.6 billion, an increase of 6%. Noncompensation Expense: $6.4 billion, an increase of 16%, including depreciation expense on leased assets of $756 million (up from $499 million). Provision for Credit Losses: $2.1 billion, a decrease of -22%. Net Charge-offs: $2.2 billion, an increase of $41 million, primarily in Card Services. Net Reduction in Allowance for Credit Losses: $145 million. Return on Equity (ROE): 32%. Overhead Ratio: 56%. Average Deposits: $1,075.951 billion, an increase of 2%. Average Loans: $582.828 billion, an increase of 1%. Card Services Average Loans: $239.153 billion, an increase of 7%. Card Services Net Charge-off Rate: 3.47%. Debit and Credit Card Sales Volume: $487.6 billion, an increase of 9%. Active Mobile Customers: 62,960 thousand, an increase of 7%. Commercial & Investment Bank (CIB) (Three months ended March 31, 2026 vs. March 31, 2025)Net Income: $9.0 billion, an increase of 30%. Total Net Revenue: $23.4 billion, an increase of 19%. Investment Banking Revenue: $3.1 billion, an increase of 38%. Advisory Fees: $1.3 billion, an increase of 82%. Equity Underwriting Fees: $472 million, an increase of 46%. Debt Underwriting Fees: $1.1 billion, a decrease of -7%. Payments Revenue: $5.1 billion, an increase of 12%. Lending Revenue: $2.2 billion, an increase of 13%. Markets Revenue: $11.6 billion, an increase of 20%. Fixed Income Markets Revenue: $7.1 billion, an increase of 21%. Equity Markets Revenue: $4.5 billion, an increase of 17%. Securities Services Revenue: $1.5 billion, an increase of 18%. Credit Adjustments & Other: - $104 million, compared to - $20 million in the prior year. Total Noninterest Expense: $11.1 billion, an increase of 13%. Provision for Credit Losses: $482 million, a decrease of -32%. Net Addition to Allowance for Credit Losses: $362 million. Net Charge-offs: $120 million. Return on Equity (ROE): 21%. Overhead Ratio: 48%. Average Loans: $632.339 billion, an increase of 20%. Average Banking & Payments Loans: $374.017 billion, an increase of 10%. Average Client Deposits: $1,234.295 billion, an increase of 12%. Asset & Wealth Management (AWM) (Three months ended March 31, 2026 vs. March 31, 2025)Net Income: $1.8 billion, an increase of 12%. Total Net Revenue: $6.4 billion, an increase of 11%. Total Noninterest Expense: $4.2 billion, an increase of 12%. Provision for Credit Losses: - $24 million, compared to - $10 million in the prior year. Return on Equity (ROE): 44%. Assets Under Management (AUM): $4.8 trillion, an increase of 16%. Average Loans: up 15% year-over-year and 3% quarter-over-quarter. Average Deposits: up 4% year-over-year and 3% quarter-over-quarter. Corporate (Three months ended March 31, 2026 vs. March 31, 2025)Net Income: $699 million, a decrease of -59%. Total Net Revenue: $1.2 billion, a decrease of -47%. Total Noninterest Expense: $568 million, an increase of 207%. Provision for Credit Losses: - $1 million, compared to - $19 million in the prior year. Outlook/Guidance (Full-year 2026)Management anticipates full-year 2026 net interest income to be approximately $103 billion, with net interest income excluding Markets at about $95 billion, both subject to market conditions. Adjusted expense is projected to be approximately $105 billion, also dependent on market factors. The net charge-off rate in Card Services is expected to be approximately 3.4%.