$JPM · JPMORGAN CHASE & CO

JPMorgan Chase filed an 8-K on October 13, 2026, furnishing its Q3 2026 earnings presentation slides under Item 7.01. The firm reported net income of $15.3B ($5.57 EPS) on managed revenue of $50.9B, with ROTCE of 20%. Excluding $658mm of net investment securities losses in Corporate, adjusted net income was $15.8B ($5.75 EPS) with ROTCE of 21%. The firm raised its FY26 NII ex-Markets outlook to ~$97.2B and provided a preliminary FY27 central case of ~$107B.

Stock down 1.20% since filing ($337.52 → $333.48), likely reflecting the $7.1B sequential revenue decline from 2Q26's record levels and CET1 ratio compression despite the NII guidance raise.

The largest U.S. bank raised its full-year net interest income guidance and previewed FY27 at ~$107B, signaling confidence that balance-sheet growth can outrun rate headwinds.

JPM's 20% ROTCE and 8% YoY revenue growth continue to outpace large-bank peers. The FY27 preliminary NII ex-Markets guidance of ~$107B signals confidence that rate-driven NII expansion has further runway even as the Fed cutting cycle progresses.

Net investment securities losses of $658mm in Corporate segment; CET1 Standardized ratio declined 90bps YoY to 13.9% as RWA grew to $2.2T. Credit costs of $2.7B included a $539mm net reserve build, signaling cautious credit outlook despite NCOs declining to $2.2B.