JPMorgan Chase & Co. (JPM) Earnings Call Transcripts

JPMorgan Chase & Co.'s Latest Earnings Call - Q2 FY2026

In the second quarter of fiscal year 2026, JPMorgan Chase & Co. reported a net income of $16.9 billion and EPS of $6.14, reflecting strong performance driven by a 15% year-on-year revenue increase. The bank's revenue growth was primarily fueled by robust markets revenue and higher asset management fees, although expenses also rose by 15% due to volume-related costs and labor inflation. Management raised guidance for net interest income (NII) excluding markets to approximately $96.5 billion, indicating continued confidence in the bank's operational strength amidst a dynamic market environment.

Reported metrics

Guidance from management

Management expects total NII to be approximately $105.5 billion for the full year 2026, reflecting a positive outlook driven by market conditions and strong deposit growth. Expense guidance was raised to about $107.5 billion due to increased volume-related expenses.

What management said

No, it's exactly -- I think we try to be totally clear in the press release, which is what Marian is an exceptional individual is a human being as a leader and is obviously an executive and but the Board made a decision to go ahead with making 2 co-presidents, which we'll be preparing them to do far more at the company to be prepared hasn't changed the timetable or anything, and obviously wish Marianne the best. As a...

Exactly what we said last time. whatever I said last time is that time fails essentially the same. -- several years, you can use a few years, you can use plus or minus or obviously, it's totally up to the Board, not up to me. .

What analysts pressed on

Analysts expressed concerns regarding the sustainability of the strong performance in investment banking and markets, with questions about potential pullbacks in activity levels. There were also inquiries about the impact of rising rates on consumer deposit behavior and credit performance.

Main topics on the call

• Strong Revenue Growth — JPMorgan reported a revenue increase of 15% year-on-year, driven by higher markets revenue and asset management fees. CEO Jamie Dimon noted, "the environment feels pretty good," signaling confidence in sustaining this gr...
• Increased Expenses — Total expenses rose by 15% year-on-year to $27.3 billion, attributed to volume-related expenses and labor inflation. CFO Jeremy Barnum stated, "the increase primarily due to higher volume and revenue-related expenses dri...
• Guidance Revision — Management raised the full-year NII X markets guidance to approximately $96.5 billion, reflecting stronger-than-expected deposit balances and higher rates. Barnum mentioned, "the biggest single factor is deposit balances...
• Investment Banking Performance — The Corporate & Investment Bank (CIB) reported a 27% increase in revenue, driven by strong performance in equity underwriting and M&A activity. Barnum highlighted, "the pipeline remains quite robust," suggesting sustaine...

Read the full JPMorgan Chase & Co. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 82 JPMorgan Chase & Co. earnings call transcripts on record, spanning January 14, 2020 to July 14, 2026. Based on this history, JPMorgan Chase & Co. reports quarterly. The most recent call on file is dated July 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

JPM

Exchange

NYSE

Country

US

Sector

Financials

Industry

Banks

Calls on record

82

First call

January 14, 2020

Most recent

July 14, 2026

Reporting cadence

quarterly