JPMorgan Chase is America's biggest bank — consumer banking, credit cards, investment banking and trading.
JPMorgan Chase & Co. (JPM) reported Q2 FY26 results on July 14, 2026. Earnings per share came in at $6.14 against a $5.59 consensus, so the company beat on the bottom line. Revenue of $57.35B landed above the $50.72B estimate. JPM has beaten consensus EPS in 7 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
CFO: “Including the significant items noted on the page, the firm delivered net income of $16.9 billion, EPS of $6.14, and an ROTCE of 23%.”
CFO: “Clearly, markets revenues in general have been quite elevated and strong for some time, although, as we pointed out, that also is associated with much more financial resource deployment in support of our clients.”
Analyst (KBW): “On deposits, what stuck out was slide four to me, the growth in CCB in the quarter.”
CFO: “Wholesale deposit growth was quite strong this quarter, actually, and has been for the first half of the year.”
Analyst (KBW): “Really, how does it play into the operating leverage outlook over the medium term?”