Published
## Filings that contain financial statements - **8-K filed July 14, 2026, accession 0001628280-26-048078** — second-quarter 2026 results. Exhibit 99.1 (earnings release) carries the firmwide, and business-segment (CCB, CIB, AWM, Corporate) income statements with year-over-year and sequential comparisons; Exhibit 99.2 is the full earnings release financial supplement (detailed balance sheet, income statement and segment schedules) for the quarter ended June 30, 2026. - **8-K filed April 14, 2026, accession 0001628280-26-024990** — first-quarter 2026 results. Exhibit 99.1 carries the firmwide and segment income statements for the quarter ended March 31, 2026; Exhibit 99.2 is the full earnings release financial supplement for that quarter. ## Earnings **July 14, 2026 — second-quarter 2026 results (8-K, accession 0001628280-26-048078; investor presentation furnished same day under accession 0001628280-26-048086).** JPMorganChase reported net income of $21.2 billion, or $7.70 per diluted share, versus $15.0 billion, or $5.24 per share, in the second quarter of 2025. Net income excluding significant items was $16.9 billion ($6.14 per share). Results included two significant items: a $4.6 billion net gain related to Visa shares and $1.0 billion of gains on certain equity investments. Reported revenue was $57.3 billion (managed revenue $58.0 billion, up 27% year over year, up 15% excluding significant items). ROE was 24% and ROTCE was 29% (23% excluding significant items). Every line of business posted a revenue record: Markets revenue rose 35% (Equity Markets up 86%, Fixed Income Markets up 6%), Investment Banking fees rose 30%, and Asset & Wealth Management AUM reached $5.1 trillion, up 18% year over year. The firm paid a common dividend of $4.0 billion ($1.50/share) and repurchased $6.2 billion of common stock net in the quarter (on a Form 10-Q basis, 21.7 million shares repurchased for $6.7 billion aggregate purchase price, excluding excise tax and commissions, for the quarter ended June 30, 2026 — same activity, different measurement basis). CET1 capital was $303 billion (Standardized ratio 14.1%, Advanced ratio 14.2%; per footnote 3 of the earnings release, these ratios are "Estimated"). The Form 10-Q for the same period (accession 0001628280-26-054343) reports final CET1 capital of $302,619 million with a Standardized ratio of 14.2% and an Advanced ratio of 14.2%. **April 14, 2026 — first-quarter 2026 results (8-K, accession 0001628280-26-024990; investor presentation furnished same day under accession 0001628280-26-025013).** JPMorganChase reported net income of $16.5 billion, or $5.94 per diluted share, versus $14.6 billion, or $5.07 per share, in the first quarter of 2025. Reported revenue was $49.8 billion (managed revenue $50.5 billion, up 10% year over year). ROE was 19% and ROTCE was 23%. Markets revenue reached a then-record $11.6 billion, up 20%; Investment Banking fees rose 28%. The firm paid a common dividend of $4.1 billion ($1.50/share) and repurchased $8.1 billion of common stock net in the quarter. CET1 capital was $291 billion (Standardized ratio 14.3%, Advanced ratio 14.1%). ## Capital and regulatory **June 24, 2026 — 2026 Dodd-Frank Act Stress Test (DFAST) results (8-K, accession 0001628280-26-045169).** JPMorganChase furnished the results of its company-run 2026 annual stress test under the Federal Reserve's Supervisory Severely Adverse Scenario. Under that hypothetical scenario, the firm's projected minimum common equity tier 1 (CET1) capital ratio over the nine-quarter horizon (1Q26–1Q28) was 12.4% (Standardized basis), well above the 4.5% regulatory minimum, with a projected end-point CET1 ratio of 14.4% versus an actual 14.6% at year-end 2025. Cumulative projected nine-quarter loan losses under the stress scenario were $70.2 billion. The firm noted the Federal Reserve announced in February 2026 that Stress Capital Buffer requirements for large banks, including JPMorganChase, will remain at current levels through September 30, 2027. **June 24, 2026 — Stress Capital Buffer requirement confirmed at 2.5% (8-K, accession 0001628280-26-045167).** Exhibit 99, headed "JPMorganChase Plans Dividend Increase and Has Authorized a New Common Share Repurchase Program," stated that following the Federal Reserve's February 2026 announcement, the firm's Stress Capital Buffer requirement of 2.5% remains unchanged through September 30, 2027, so its Standardized CET1 requirement including regulatory buffers continues to be 11.5%. (The exhibit's dividend-increase and share-repurchase-authorization announcements are covered under "Capital distributions and preferred stock actions" below.) ## Capital distributions and preferred stock actions **June 24, 2026 — dividend increase and new share repurchase program (8-K, accession 0001628280-26-045167, Exhibit 99).** JPMorganChase's Board of Directors announced its intention to increase the quarterly common stock dividend to $1.65 per share, up from $1.50, for the third quarter of 2026, subject to declaration at the customary time, and authorized a new $50 billion common share repurchase program effective July 1, 2026, with the amount and timing of repurchases subject to management's discretion. **May 27, 2026 (8-K, accession 0001193125-26-242018).** JPMorganChase announced the redemption, effective June 1, 2026, of all 200,000 outstanding shares (represented by 2,000,000 depositary shares, each representing a one-tenth interest in a share) of its 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series KK, at the $10,000-per-share liquidation preference — $2.0 billion in aggregate — pursuant to the securities' optional redemption provisions. The press release (Exhibit 99.1) is itself headed "JPMorganChase To Redeem All $2.0 Billion Of Its 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series KK." **May 6–7, 2026 (8-K, accession 0001193125-26-211978).** JPMorganChase issued 300,000 shares of new 6.100% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series PP, at a $10,000-per-share liquidation preference — $3.0 billion in aggregate — (deposited as 3,000,000 depositary shares, each representing a one-tenth interest in a share), completing the offering on May 7, 2026 under its existing shelf registration statement. ## Debt issuance JPMorganChase closed several senior/subordinated debt offerings under its Form S-3 shelf registration (File No. 333-285537) during the period: - **April 23, 2026 (8-K, accession 0001193125-26-173739):** closed offerings of $500 million Floating Rate Notes due 2030, $2.75 billion Fixed-to-Floating Rate Notes due 2030, $3.0 billion Fixed-to-Floating Rate Notes due 2032, and $3.75 billion Fixed-to-Floating Rate Notes due 2037. - **June 2, 2026 (8-K, accession 0001193125-26-253533):** closed an additional $500 million of Fixed-to-Floating Rate Notes due 2030, issued as part of the same series as the $2.75 billion tranche from April 23, 2026. - **July 23, 2026 (8-K, accession 0001193125-26-314128):** closed offerings of $500 million Floating Rate Notes due 2030, $2.5 billion Fixed-to-Floating Rate Notes due 2030, $3.0 billion Fixed-to-Floating Rate Notes due 2032, and $3.0 billion Fixed-Rate Reset Subordinated Notes due 2041. ## Management changes **June 25, 2026 (8-K, accession 0000019617-26-000241).** JPMorganChase announced that Doug Petno and Troy Rohrbaugh, previously Co-CEOs of the Commercial & Investment Bank (CIB), were elected Co-Presidents of the firm, effective immediately, as part of the Board's ongoing succession planning. Mr. Petno becomes sole CEO of the CIB, and Mr. Rohrbaugh becomes CEO of Consumer & Community Banking (CCB). Marianne Lake, the outgoing CEO of CCB, announced her retirement from the firm after more than 25 years. In connection with the transition, the Compensation & Management Development Committee approved one-time Retention and Continuity restricted-stock-unit awards to Operating Committee members: $30 million each to Messrs. Petno and Rohrbaugh, and $20 million each to Mary Erdoes (CEO of Asset & Wealth Management) and Jennifer Piepszak (Chief Operating Officer). The awards cliff-vest after three years, subject to the firm achieving a three-year average return on tangible common equity of 12% for 2026–2028, and are subject to the firm's standard recapture and clawback provisions. ## Governance **May 19, 2026 — Annual Meeting of Shareholders (8-K, accession 0000019617-26-000228).** Shareholders elected all 11 director nominees (including Chairman and CEO James Dimon), approved the advisory (say-on-pay) resolution on executive compensation, and ratified PricewaterhouseCoopers LLP as independent auditor for 2026. Shareholders did not approve four shareholder proposals, covering security/resiliency/climate reporting, an independent board chairman, lobbying alignment disclosure, and a sustainability ROI report. **By-law amendments.** The Board amended the company's by-laws effective April 21, 2026, to update indemnification-related advancement provisions (8-K, accession 0000019617-26-000119), and again effective July 21, 2026, to provide that any Lead Independent Director be appointed by the non-management directors (8-K, accession 0000019617-26-000288). Both are administrative governance changes. No merger, acquisition, divestiture, impairment, restructuring or going-concern items appear in the company's 8-K filings for this period.