JP Morgan Chase & Co.: Miss — EPS $5.75, Revenue $50.9B
Earnings MissQ3 2026 · Pre-market
@trystockwhiz
Did JP Morgan Chase & Co. (JPM) beat earnings today?
No, JP Morgan Chase & Co. (JPM) missed Wall Street analyst expectations for Q3 2026, reporting lower-than-expected EPS and lower-than-expected revenue.
Earnings Per Share-3.20% surprise
$5.75Actual
Expected: $5.94
vs. year ago +10.0%
Total Revenue-0.62% surprise
$50.9BActual
Expected: $51.22B
vs. year ago +8.0%
Released Oct 13 · 6:35 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net revenue - reported | $50.17B | $46.43B | +8.0 |
| Net revenue - managed | $50.91B | $47.12B | +8.0 |
| Net revenue - managed breakdown | |||
| └─CCB | $21.17B | $19.47B | +9.0 |
| └─CIB | $22.73B | $19.88B | +14.0 |
| └─AWM | $6.91B | $6.07B | +14.0 |
| └─Corporate | $93.00M | $1.70B | -95.0 |
| Net Income | $15.30B | $14.39B | +6.0 |
| GAAP Diluted EPS | $5.57 | $5.07 | +10.0 |
| EPS excluding significant item | $5.75 | - | - |
| Net income excluding significant item | $15.80B | - | - |
Business Highlights
- ➤Ranked #1 in U.S. retail deposits for the sixth consecutive year.
- ➤Added over 650,000 net new checking accounts during the quarter.
- ➤Reported continued strong demand for its Card product set.
- ➤Recorded $263 billion of client asset net inflows in AWM.
- ➤Maintained the #1 ranking for Global Investment Banking fees with 9.2% YTD wallet share.
- ➤Declared a common dividend of $1.65 per share.
- ➤Executed $664 million of common stock net repurchases.
- ➤Raised approximately $2.9 trillion of credit and capital YTD.
- ➤Provided $27 billion of credit to U.S. small businesses YTD.
- ➤Provided $79 billion of credit and capital to nonprofit and U.S. government entities YTD.
Management Commentary
Jamie Dimon, Chairman and CEO
“The Firm reported another quarter of strong results, generating net income of $15.8 billion and an ROTCE of 21%, excluding discretionary investment securities losses totaling $498 million after tax.”
Jamie Dimon, Chairman and CEO
“Each line of business performed well. In the CIB, revenue increased 14%. Markets revenue and IB fees each rose at a mid-teens rate, helped by strong levels of client activity, although activity did moderate somewhat during the quarter. Meanwhile, Payments and Securities Services each posted double-digit revenue increases led by ongoing deposit and fee growth. In CCB, revenue rose 9%. We ranked #1 in U.S. retail deposits for the sixth consecutive year, and account acquisition remained strong in the quarter as we added over 650,000 net new checking accounts. Additionally, growth continued to be robust in Card, with strong demand for our set of products. Finally, in AWM, revenue grew 14%, and flows were very strong with $263 billion of client asset net inflows.”
Jamie Dimon, Chairman and CEO
“Our capital hierarchy has remained consistent over time, with investing in the franchise and supporting our clients at the top. In line with our hierarchy, we reduced share repurchases this quarter. We believe we can deploy this capital over time at very attractive returns for our shareholders.”
Jamie Dimon, Chairman and CEO
“The U.S. economy continued to be fueled by strong business investment and ongoing consumer spending. However, large fiscal deficits, sticky inflation, elevated asset prices, rising interest rates and geopolitical conditions continue to shift under the surface. These forces may be manageable, but we remain prepared for a wide range of outcomes.”
Jamie Dimon, Chairman and CEO
“I want to express my deep gratitude to our employees across the globe for how they work to support our customers and communities every single day.”