JPMorgan Chase reported third-quarter 2026 net income of $15.3 billion, or $5.57 a share, up from the prior quarter’s level implied by a 17% return on equity and 20% ROTCE. Excluding a significant item, net income was $15.8 billion, or $5.75 a share.
Revenue reached $50.2 billion, while managed revenue was $50.9 billion. Expense came in at $27.3 billion, producing a reported overhead ratio of 54%.
Credit costs totaled $2.7 billion, including $2.2 billion of net charge-offs and a $539 million net reserve build.
Average loans rose to $1.6 trillion, up 10% from a year earlier and 2% from the prior quarter. Average deposits climbed to $2.5 trillion, up 8% year over year and 2% quarter over quarter. Cash and marketable securities stood at $1.5 trillion.
The company’s CET1 capital ratios were 13.9% on a standardized basis and 14.1% on an advanced basis. Total loss-absorbing capacity was $599 billion, and standardized risk-weighted assets were $2.2 trillion.
Book value per share reached $132.30, up 6% from a year earlier, while tangible book value per share was $112.64, up 7%.
In consumer and community banking, average deposits were up 4% year over year and flat sequentially. Client investment assets rose 15% year over year. Average loans increased 2% year over year and 1% quarter over quarter. Card services net charge-off rate was 2.91%. Debit and credit card sales volume increased 10% from a year earlier. Active mobile customers rose 7%.
In the corporate and investment bank, investment banking fees increased 14% year over year but fell 8% from the prior quarter. Markets revenue increased 15% year over year, with fixed income down 4% and equities up 49%. Average banking and payments loans rose 11% year over year and were flat sequentially, while average client deposits increased 10% year over year and 1% quarter over quarter.
In asset and wealth management, assets under management reached $5.2 trillion, up 13% from a year earlier. Average loans increased 20% year over year and 6% quarter over quarter. Average deposits rose 5% year over year but declined 3% from the prior quarter.
The firm said it raised approximately $2.9 trillion of credit and capital year to date, including $240 billion for consumers, $27 billion for U.S. small businesses, $2.5 trillion for corporations and non-U.S. government entities, and $79 billion for nonprofit and U.S. government entities. The market has reacted to these announcements by moving the company's shares 0.39% to a price of $334.30. For the full picture, make sure to review JPMORGAN CHASE & CO's 8-K report.
