Track market-moving stories before they get noisy

Freemont Management S.A. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 350.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,500 shares of the financial services provider’s stock after acquiring an additional 10,500 shares during the period. Freemont Management S.A.’s holdings in JPMorgan Chase & Co. were worth $3,971,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Fidelis Capital Partners LLC increased its stake in JPMorgan Chase & Co. by 7.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider’s stock valued at $22,580,000 after acquiring an additional 5,101 shares during the last quarter. Howard Capital Management Inc. lifted its stake in JPMorgan Chase & Co. by 18.2% during the fourth quarter. Howard Capital Management Inc. now owns 25,784 shares of the financial services provider’s stock worth $8,308,000 after purchasing an additional 3,976 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 51.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 8,883 shares of the financial services provider’s stock worth $2,862,000 after purchasing an additional 3,027 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of JPMorgan Chase & Co. by 11.0% in the 4th quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares in the last quarter. Finally, KTF Investments LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth about $6,449,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance Shares of JPMorgan Chase & Co. stock opened at $348.72 on Thursday. The company’s fifty day simple moving average is $321.65 and its two-hundred day simple moving average is $310.67. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $351.24. The firm has a market cap of $934.39 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.99. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 1.30.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, beating the consensus estimate of $5.59 by $0.55. The firm had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.96 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 23.59 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Monday, July 6th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is currently 25.71%.

Key Headlines Impacting JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:

Positive Sentiment: JPMorgan posted record Q2 2026 results, with record revenue across all business lines and net income of $16.9 billion, underscoring strong underlying business momentum. JPMorgan Chase (JPM) Q2 2026 Earnings Call Transcript Positive Sentiment: Analysts and media outlets highlighted JPM as one of the top big-bank picks after strong earnings and an improving outlook, which supports the stock’s valuation narrative. Buy 3 Top-Ranked Big Investment Banks Amid Solid Q2 Earnings & Outlook Positive Sentiment: JPMorgan stock was noted as being on track for its longest weekly winning streak since early 2024 after the earnings beat, showing momentum traders are still piling in. QUICK SPARK: JPMorgan Stock Eyes Longest Weekly Winning Streak Since Early 2024 Positive Sentiment: Coverage around JPMorgan’s AI adoption suggested automation is already reducing costs in some units, which could help protect margins even if revenue growth moderates. Jamie Dimon Says AI Has Already Cut 30% to 40% of Jobs in Some JPMorgan Units Positive Sentiment: Reports that JPMorgan may help finance Japan’s $550 billion U.S. investment plan and other large global deals point to additional fee opportunities. JPMorgan, other US banks set to help finance Japan’s $550 billion US investment plan, sources say Neutral Sentiment: Jamie Dimon repeated warnings about macro risks, bond market stress, and geopolitical uncertainty. These comments do not directly change JPM’s fundamentals, but they can temper enthusiasm for bank stocks if investors become more cautious. ‘Worse than people expect’: Jamie Dimon sounds alarm about the next credit crisis Neutral Sentiment: Several articles focused on Dimon’s broader market commentary, including his view that stocks and long-term Treasurys look expensive; while notable, this is more about market caution than JPM’s own operating results. JPMorgan CEO Urges Investor Patience Wall Street Analysts Forecast Growth A number of brokerages recently weighed in on JPM. HSBC raised their price objective on JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a report on Monday, May 4th. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $375.00 to $384.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada boosted their price objective on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Autonomous Res reduced their target price on shares of JPMorgan Chase & Co. from $360.00 to $324.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $358.67.

View Our Latest Analysis on JPMorgan Chase & Co.

Insider Buying and Selling at JPMorgan Chase & Co. In other JPMorgan Chase & Co. news, CFO Jeremy Barnum sold 3,022 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total value of $935,037.02. Following the completion of the sale, the chief financial officer owned 32,438 shares in the company, valued at approximately $10,036,641.58. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 4,919 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total value of $1,522,036.98. Following the completion of the sale, the chief operating officer owned 85,082 shares in the company, valued at approximately $26,326,072.44. This represents a 5.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,876 shares of company stock valued at $5,907,051 in the last 90 days. Insiders own 0.41% of the company’s stock.

JPMorgan Chase & Co. Profile (Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

Featured Articles Five stocks we like better than JPMorgan Chase & Co. Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Bessemer Group Inc. trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,460,709 shares of the financial services provider’s stock after selling 237,830 shares during the period. JPMorgan Chase & Co. accounts for 2.1% of Bessemer Group Inc.’s portfolio, making the stock its 8th largest holding. Bessemer Group Inc. owned approximately 0.17% of JPMorgan Chase & Co. worth $1,312,162,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fidelis Capital Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 7.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 70,077 shares of the financial services provider’s stock valued at $22,580,000 after buying an additional 5,101 shares during the last quarter. Howard Capital Management Inc. boosted its holdings in JPMorgan Chase & Co. by 18.2% during the 4th quarter. Howard Capital Management Inc. now owns 25,784 shares of the financial services provider’s stock valued at $8,308,000 after acquiring an additional 3,976 shares during the period. Newbridge Financial Services Group Inc. grew its position in JPMorgan Chase & Co. by 51.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 8,883 shares of the financial services provider’s stock valued at $2,862,000 after acquiring an additional 3,027 shares during the last quarter. Brighton Jones LLC increased its stake in JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after purchasing an additional 4,841 shares during the period. Finally, KTF Investments LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $6,449,000. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In Several research analysts recently commented on the stock. Evercore reaffirmed an “outperform” rating and issued a $360.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 6th. UBS Group lifted their target price on JPMorgan Chase & Co. from $375.00 to $384.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada increased their price target on JPMorgan Chase & Co. from $330.00 to $370.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $391.00 to $420.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings raised shares of JPMorgan Chase & Co. from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $356.38.

Get Our Latest Stock Analysis on JPMorgan Chase & Co.

Trending Headlines about JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:

Positive Sentiment: JPMorgan was named in Reuters reports as a potential participant in financing Japan’s planned $550 billion U.S. investment program, which could create additional fee and lending opportunities for the bank. Article Title Positive Sentiment: Analyst coverage remained constructive, with KBW initiating a Buy rating and a $384 price target, citing JPMorgan’s strong capital position, diversified revenue streams, and upside potential. Article Title Positive Sentiment: A separate note said JPMorgan may be about 4% undervalued based on fee growth and bond issuance activity, pointing to continued strength in capital markets and debt underwriting. Article Title Positive Sentiment: Financial stocks broadly moved higher during afternoon trading, and sector rotation commentary from Jim Cramer favoring banks over volatile tech stocks also supported the group. Article Title Neutral Sentiment: Jamie Dimon gave multiple interviews warning that markets are underestimating geopolitical, fiscal, and bond-market risks, and said he would not be buying stocks or long-term Treasurys at current levels. Those remarks may temper enthusiasm, but they also reinforce his reputation for caution rather than signaling a JPMorgan-specific problem. Article Title Neutral Sentiment: Dimon also said AI is already reducing jobs in some JPMorgan units, but framed it as a way to protect margins and improve efficiency rather than a direct earnings threat. Article Title Negative Sentiment: Dimon’s repeated warnings about geopolitics, U.S. debt, and bond-market risks could make some investors more cautious about the broader banking and market outlook. Article Title Insider Buying and Selling In other news, General Counsel Stacey Friedman sold 5,467 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the completion of the sale, the general counsel owned 40,961 shares of the company’s stock, valued at $13,547,031.53. This represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Jennifer Piepszak sold 4,919 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $309.42, for a total value of $1,522,036.98. Following the sale, the chief operating officer directly owned 85,082 shares of the company’s stock, valued at approximately $26,326,072.44. This trade represents a 5.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 18,876 shares of company stock worth $5,907,051. 0.41% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 1.7% Shares of JPMorgan Chase & Co. stock opened at $344.74 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 1.30. The firm’s 50 day simple moving average is $320.69 and its two-hundred day simple moving average is $310.48. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $351.24. The firm has a market capitalization of $923.73 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.51 and a beta of 0.99.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The company had revenue of $58.02 billion during the quarter, compared to analyst estimates of $50.72 billion. During the same quarter last year, the business posted $4.96 EPS. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 23.38 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.7%. JPMorgan Chase & Co.’s payout ratio is currently 25.71%.

JPMorgan Chase & Co. Profile (Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

Further Reading Five stocks we like better than JPMorgan Chase & Co. Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Financiere des Professionnels Fonds d investissement inc. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 249.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,853 shares of the financial services provider’s stock after acquiring an additional 47,698 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.2% of Financiere des Professionnels Fonds d investissement inc.’s holdings, making the stock its 20th biggest holding. Financiere des Professionnels Fonds d investissement inc.’s holdings in JPMorgan Chase & Co. were worth $19,665,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Timmons Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $27,000. MBM Wealth Consultants LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $32,000. Osbon Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $35,000. Finally, Turning Point Benefit Group Inc. bought a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at approximately $35,000. Institutional investors own 71.55% of the company’s stock.

Key Stories Impacting JPMorgan Chase & Co. Here are the key news stories impacting JPMorgan Chase & Co. this week:

Positive Sentiment: JPMorgan was named in Reuters reports as a potential participant in financing Japan’s planned $550 billion U.S. investment program, which could create additional fee and lending opportunities for the bank. Article Title Positive Sentiment: Analyst coverage remained constructive, with KBW initiating a Buy rating and a $384 price target, citing JPMorgan’s strong capital position, diversified revenue streams, and upside potential. Article Title Positive Sentiment: A separate note said JPMorgan may be about 4% undervalued based on fee growth and bond issuance activity, pointing to continued strength in capital markets and debt underwriting. Article Title Positive Sentiment: Financial stocks broadly moved higher during afternoon trading, and sector rotation commentary from Jim Cramer favoring banks over volatile tech stocks also supported the group. Article Title Neutral Sentiment: Jamie Dimon gave multiple interviews warning that markets are underestimating geopolitical, fiscal, and bond-market risks, and said he would not be buying stocks or long-term Treasurys at current levels. Those remarks may temper enthusiasm, but they also reinforce his reputation for caution rather than signaling a JPMorgan-specific problem. Article Title Neutral Sentiment: Dimon also said AI is already reducing jobs in some JPMorgan units, but framed it as a way to protect margins and improve efficiency rather than a direct earnings threat. Article Title Negative Sentiment: Dimon’s repeated warnings about geopolitics, U.S. debt, and bond-market risks could make some investors more cautious about the broader banking and market outlook. Article Title Wall Street Analysts Forecast Growth Several analysts recently weighed in on the company. UBS Group increased their price target on JPMorgan Chase & Co. from $375.00 to $384.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $370.00 to $384.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Evercore reiterated an “outperform” rating and set a $360.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 6th. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $325.00 to $360.00 and gave the company a “neutral” rating in a research report on Monday. Finally, HSBC increased their target price on shares of JPMorgan Chase & Co. from $288.00 to $312.00 and gave the company a “hold” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $356.38.

Read Our Latest Analysis on JPM

Insiders Place Their Bets In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,919 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $309.42, for a total value of $1,522,036.98. Following the transaction, the chief operating officer directly owned 85,082 shares in the company, valued at $26,326,072.44. This represents a 5.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeremy Barnum sold 3,022 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $309.41, for a total transaction of $935,037.02. Following the transaction, the chief financial officer directly owned 32,438 shares in the company, valued at approximately $10,036,641.58. This trade represents a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 18,876 shares of company stock worth $5,907,051 in the last three months. Corporate insiders own 0.41% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.7% Shares of JPM opened at $344.74 on Wednesday. The firm has a market capitalization of $923.73 billion, a P/E ratio of 14.77, a P/E/G ratio of 1.51 and a beta of 0.99. JPMorgan Chase & Co. has a 12-month low of $279.10 and a 12-month high of $351.24. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 1.30. The firm has a fifty day moving average price of $320.69 and a 200-day moving average price of $310.48.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $5.59 by $0.55. The firm had revenue of $58.02 billion for the quarter, compared to analysts’ expectations of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.96 earnings per share. Equities research analysts expect that JPMorgan Chase & Co. will post 23.38 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Monday, July 6th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, July 6th. JPMorgan Chase & Co.’s payout ratio is 25.71%.

JPMorgan Chase & Co. Company Profile (Free Report)

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.

Featured Stories Five stocks we like better than JPMorgan Chase & Co. Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

On the July 14 earnings call, JPMorgan Chase (JPM +1.78%) CEO Jamie Dimon disclosed that artificial intelligence (AI) has already eliminated 30% to 40% of headcount in some of the bank's units. In the same breath, he tempered any hope that this would translate into fatter profits, warning that "you don't uniquely benefit from AI." That single sentence, more than the job-cut figure, is the one investors should study.

This is not a pilot program. JPMorgan is spending nearly $20 billion on technology this year, runs close to 1,000 AI use cases across functions from fraud detection to back-office processing, and now has roughly 150,000 of its more than 300,000 employees using an internal large language model every week. The headcount reductions Dimon described are the visible output of that investment: Real efficiency, applied at an industrial scale, already reshaping how the bank operates.

Jamie Dimon, CEO of JPMorgan Chase. Image source: JPMorgan Chase & Co.

Why the savings may not reach the bottom line Here is an analytically important part. A technology confers a durable advantage only when it is proprietary or scarce. When it diffuses across an entire industry, competition dissipates the excess returns it generates. Banking is intensely competitive and largely commoditized, so if every institution deploys similar AI tools, no single firm can hold onto the productivity windfall. The gains instead get passed through to customers in the form of lower prices, better service, or higher deposit rates, a textbook case of competitive pass-through.

That is precisely Dimon's point. AI lowers the cost of doing business, but it also lowers rivals' costs by roughly the same amount, leaving relative margins little changed. Worse, the technology is not free to run. CFO Jeremy Barnum cautioned that spending on generative AI is set to climb sharply in the second half of 2026, meaning some of the labor savings will be recycled into higher computing bills rather than dropping to earnings.

Today's Change

(

1.78

%) $

6.02

Current Price

$

344.89

The takeaway for JPMorgan Chase investors The takeaway here is a sobering one for anyone expecting an AI-driven profit surge at the big banks. AI is genuinely transforming JPMorgan's cost structure, trading expensive headcount for cheaper software, and that is real progress. But because the same transformation is available to every competitor, the productivity gains are more likely to flow to customers than to shareholders.

For investors, AI at JPMorgan is best understood as a defensive necessity, the price of staying competitive, rather than an offensive source of expanding margins. The bank that fails to adopt it would fall behind; the bank that adopts it merely keeps pace. That distinction is the difference between a cost saver and a moat, and Dimon is candidly telling the market it is the former.

Some people call big banks the bellwethers of the economy. If that's the case, things may not be all that bad, at least judging by the performance of JPMorgan Chase (JPM 1.08%) in the second quarter.

The nation's largest bank had a record quarter, crushing analysts' estimates. JPMorgan Chase generated a record net income of $21.2 billion, up 41% year over year. Earnings were $7.70 per share, up 47% year over year. On an adjusted basis, the bank earned $16.9 billion, or $6.14 per share. The adjustments were related to special items, which consisted mostly of a one-time $4.6 billion gain from its equity stake in Visa. Analysts had expected earnings of $5.59 per share, so this blew past those estimates.

Revenue also set a record, coming in at $57.3 billion, up 28% year over year and significantly above estimates of $51.1 billion. CEO Jamie Dimon said the firm had record revenue across all lines of business.

"It's getting close to as good as it gets," Dimon said on the earnings call. "We just don't know how long it's going to last."

Image source: Getty Images.

Improving outlook It could certainly last a bit longer, as the bank's credit quality also improved.

Net charge-offs, which are bad loans unlikely to be repaid, fell by $44 billion year over year. In Card Services, the net charge-off rate was down to 3.34% from 3.47% in the first quarter. For the full year, JPMorgan Chase lowered its net charge-off rate in Card Services to 3.2%, down from its previous guidance of 3.4%.

Further, the bank lowered its provision for credit losses, which is money set aside for potential losses. It was down 12% year over year to $2.5 billion.

Today's Change

(

-1.08

%) $

-3.76

Current Price

$

343.15

The bank also raised its net interest income guidance for fiscal 2026 from $103 billion to $105.5 billion.

Investment banking and trading revenue surge Net interest income rose a robust 10% to $25.6 billion, but the real alpha came from noninterest or fee revenue, which surged 45% to $32.4 billion.

Of JPMʻs three main businesses, Commercial and Investment Banking was the earnings driver. Revenue spiked 27%, and earnings rose 46% in this segment. The biggest boost came from investment banking, which saw revenue spike 45% year over year, and its institutional trading business, where revenue soared 33%. Within the trading business, equity market trading revenue skyrocketed 86% to $6 billion, fueled by a major market rally in April and May.

JPMorgan Chase's Asset and Wealth Management business was also a strong performer, with revenue up 19% and earnings rising 33% year over year.

Its Consumer and Community Banking business lagged, but still had a solid 8% revenue increase with net income ticking up 3%.

JPMorgan Chase stock has climbed about 7% since the earnings were reported on July 14. The stock is now up about 7% per share and is trading at 15 times forward earnings. With its strong outlook and relatively low valuation, JPMorgan Chase stock is a strong buy right now.

JPMorgan Chase & Co. (NYSE:JPM) posted better-than-expected earnings for the second quarter on Tuesday.

The bank reported adjusted earnings of $6.14 per share, topping the consensus estimate of $5.79. Managed revenue rose to $58.02 billion, ahead of analysts’ expectations of $50.20 billion.

JPMorgan raised its 2026 net interest income outlook to about $105.5 billion from $103 billion previously, or about $96.5 billion excluding Markets, up from its prior forecast of $95 billion. The bank also lowered its projected 2026 card services net charge-off rate to about 3.2% from 3.4%

JPMorgan shares rose 0.5% to trade at $344.59 on Wednesday.

These analysts made changes to their price targets on JPMorgan following earnings announcement.

Considering buying JPM stock? Here’s what analysts think:

Photo via Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

People arrive to the JPMorgan Chase & Co., headquarters in New York City, U.S., April 1, 2026. REUTERS/Eduardo Munoz/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesJPMorgan will hire 30 EMEA corporate bankers before year-endLatest sign of US banks seeking more corporate clients in EMEAHeadcount to rise 60% in five years in Middle East, North Africa, Turkey, PolandLONDON, July 15 (Reuters) - JPMorgan (JPM.N), opens new tab has ​launched an expansion of its corporate banking business in Europe, the Middle East and Africa as ‌it seeks to grow income and claim market share from regional and domestic lenders, James Roddy, head of global corporate banking at the U.S. lender, told Reuters.

JPMorgan will hire 30 senior bankers before the end of the year in the region to support the firm's ​initiative to facilitate $1.5 trillion in financing for industries critical to national security, including up to $10 billion of ​its own money, Roddy said.

Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.

The hiring forms part of a push to grow the bank's ⁠business across the EMEA region serving three corporate client groups, namely large-cap, mid-size companies and startups, Roddy said.

"Everything is ​on the table for entering new markets or adding resources where we are already present. We have the full ​support of the board to hire if it will help us better serve a client," Roddy said.

The U.S. banking giant's ambition is the latest sign of American lenders using their balance sheet clout to take more market share from European and other lenders, underscoring how regulatory ​changes and a booming home market have given Wall Street lenders further firepower.

JPMorgan has grown its number of clients ​in EMEA by 25% and revenues by 15% in the last two years, Roddy said, and is aiming to add more ‌as it ⁠expands across the region providing services such as corporate finance, cash management, payments and foreign exchange.

JPMorgan ranks first for European investment banking fees - which will include some though not all corporate banking-related fees - so far this year, up from third place in the same period last year, according to LSEG data, increasing its market share by 1.3 percentage points ​to 7.4%, the most growth ​among the top ten ⁠lenders.

The lender has also doubled its headcount in the Middle East and North Africa, Turkey and Poland over the last two years and will grow total staff numbers by ​a further 60% over the next five years, Roddy said, declining to give specific ​numbers of employees ⁠in those markets.

JPMorgan has particularly stepped up its business and lent more in the Middle East as the turmoil resulting from the U.S.-Iran conflict has seen rivals reduce their risk appetite in the region, Roddy added.

The bank said last October it ⁠would ​invest up to $10 billion in U.S. companies critical to national security and ​economic resilience as part of the broader Security and Resilience Initiative (SRI).

JPMorgan appointed Daniel Rudnicki Schlumberger as its head of SRI for EMEA in June, ​following ex-British politician Chuka Umunna leaving the role for Citigroup.

Reporting by Lawrence White; Editing by Tommy Reggiori Wilkes, Alexandra Hudson

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Jamie Dimon, Chairman and CEO, JPMorganChase, speaks during the Reagan National Defense Forum at the Ronald Reagan Presidential Library in Simi Valley, California, U.S. December 6, 2025. ... Purchase Licensing Rights, opens new tab Read more

CompaniesJuly 14 (Reuters) - JPMorgan's (JPM.N), opens new tab Jamie Dimon said on Tuesday that the timetable for his departure as CEO remained unchanged, in ​response to an analyst's question about the bank's succession plan following a recent executive shuffle.

The bank's ‌plan to name Dimon's successor has been in focus after it appointed insiders Doug Petno and Troy Rohrbaugh as co-presidents last month and announced the retirement of senior executive Marianne Lake, who was widely seen as a top contender for the CEO role.

The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.

"The timing (for succession) is ​essentially the same, obviously completely up to the board," Dimon told analysts on a post-earnings conference call. "The board ​made a decision to go ahead with making two co-presidents, which will prepare them to ⁠do far more at the company."

Reuters reported last month that Dimon planned to remain CEO for at least three ​more years.

Analysts viewed the promotions of Petno and Rohrbaugh as a step toward clarifying JPMorgan's succession plan, narrowing the list ​of executives seen as potential successors to Dimon after more than two decades as CEO.

"When she (Lake) knew about the plan, she decided she'd rather retire than stay here. That's it, no mystery," Dimon said.

THE CEO WISH LISTWhen asked about the qualities he prefers to see ​in his successor, Dimon drew a long list: "You want to be good at people. You want to be analytical. You ​want to be detailed. You want to be a culture carrier. You want to have heart. You want to have grit.

"You want ‌to ⁠have soul. You want to have a work ethic. You want to be able to travel. You want to be able to walk in operating centers and deal with CEOs and prime ministers, it's all of that."

In the latest executive-level shuffle, Rohrbaugh took over as CEO of the consumer and community banking business from Lake. He was previously co-CEO with ​Petno of the commercial and ​investment banking unit, which ⁠will now be headed solely by Petno.

"I do think it's very important that people have experience across the company," Dimon said, in response to Wells Fargo analyst Mike Mayo's comment on Rohrbaugh spending ​much of his career as a trader before taking over the new role.

He added ​that when a big ⁠bank is taken over by someone only from the investment bank, the rest of the franchise can suffer.

Rohrbaugh is seen as having the lead internally, Reuters has reported, citing sources.

JPMorgan has awarded Petno and Rohrbaugh retention bonuses of $30 million each, while COO Jennifer ⁠Piepszak and ​asset and wealth management CEO Mary Erdoes will each get $20 million.

Dimon's ​remarks followed a bumper quarter for JPMorgan, which posted record quarterly profit as investment banking fees and stock trading surged. The stock was last up 2% in ​late-morning trading.

Reporting by Manya Saini in Bengaluru and Nupur Anand in New York; Editing by Joyjeet Das and Anil D'Silva

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Manya covers the most influential U.S. financial institutions, from Wall Street’s largest banks and card networks to leading asset managers and fintech companies. She also reports on late-stage venture capital fundraises, initial public offerings on U.S. exchanges and regulatory developments shaping the cryptocurrency industry. Her work appears across the finance, markets, business and future of money sections of the Reuters website. She holds a bachelor’s degree in political science from the University of Delhi and a master’s in journalism from the Symbiosis Institute of Media and Communication.

Nupur Anand is a U.S. banking correspondent at Reuters in New York. She focuses on JPMorgan Chase, Wells Fargo and regional banks. Anand covered banking and finance in India for more than a decade, chronicling the collapse of major lenders and turmoil at digital banks and cryptocurrencies. She has a degree in English literature from Delhi University and a postgraduate diploma in journalism from the Indian Institute of Journalism & New Media in Bangalore. Anand is also an award-winning fiction writer.

JPMorgan Chase & Co. (JPM - Free Report) came out with quarterly earnings of $6.14 per share, beating the Zacks Consensus Estimate of $5.59 per share. This compares to earnings of $4.96 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +9.84%. A quarter ago, it was expected that this company would post earnings of $5.49 per share when it actually produced earnings of $5.94, delivering a surprise of +8.2%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

JPMorgan Chase & Co., which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $57.35 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 16.70%. This compares to year-ago revenues of $44.91 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

JPMorgan Chase & Co. shares have added about 3.8% since the beginning of the year versus the S&P 500's gain of 9.8%.

What's Next for JPMorgan Chase & Co.?While JPMorgan Chase & Co. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for JPMorgan Chase & Co. was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $5.50 on $48.72 billion in revenues for the coming quarter and $22.82 on $197.22 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Bank is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

BGC Group (BGC - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.

This brokerage company is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of +9.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

BGC Group's revenues are expected to be $814.9 million, up 3.9% from the year-ago quarter.

ToplineSen. Elizabeth Warren, D-Mass., sent a letter last week to JPMorgan Chase & Co. CEO Jamie Dimon inquiring about his ties to Jeffrey Epstein, the Senate Banking Committee confirmed Monday, as the Epstein files have raised new questions about Epstein’s business dealings with the bank and what Dimon knew about it.

Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon speaks at the Statue of Liberty in New York City, on July 1, 2026.

AFP via Getty Images

Key FactsThe Senate Banking Committee published Warren’s letter Monday, after the Financial Times first reported late Sunday she had reached out to the billionaire.

Warren questioned JPMorgan Chase’s “extended business relationship” with Epstein, who was known to have banked with the institution between 1998 and 2013, paying some $8 billion in fees to the bank and opening at least 134 accounts.

Dimon testified in 2023 he never met or knew Epstein, but emails in the Epstein files show Epstein and then-UK Business Secretary Peter Mandelson strategizing on having Dimon urge the UK government not to approve a new tax on bankers’ bonuses—which he ultimately did, though it’s unclear if he was at all influenced by Epstein and Mandelson to do so.

Warren also cited a 2010 email in which Epstein’s assistant asked the financier about a meeting with Mandelson, Dimon and JPMorgan Chase executive Jes Staley.

JPMorgan Chase & Co. spokesperson Patricia Wexler told Forbes that Dimon never attended the 2010 meeting and the bank "found no evidence that he was even invited to attend,” also saying about the UK policy, “Jamie regularly speaks his mind on bad, anti-growth policy and has his own views. At no point did he take counsel from [Epstein], directly or indirectly.”

What to Watch forWarren’s letter asks Dimon for a response by July 24, though that is not legally binding. More information about Epstein’s relationship with JPMorgan Chase could also come out on July 23, when the House Oversight Committee will interview Staley as part of its ongoing probe into Epstein and his alleged crimes.

Forbes ValuationForbes values Dimon’s net worth at $3 billion as of Monday morning.

What Has JPMorgan Chase Said About Epstein?Dimon “never met with [Epstein], never emailed him, and was not involved in any decisions about his account. There are over a million pages of emails and other documents that have been produced in this case and not one comes even close to suggesting otherwise,” Wexler told Forbes in an email Monday, referencing litigation that has been brought against JPMorgan Chase by the U.S. Virgin Islands and Epstein accusers. “Any association with the man was a mistake and we regret it, but we would not have continued doing business with him had we believed he was engaged in ongoing crimes,” Wexler added about the bank’s relationship with Epstein, noting it stopped doing business with him in 2013, which she said was “years before his federal sex trafficking arrest and years after the government had damning information they kept from us.”

Dear Mr. Dimon: I am writing to request information regarding JPMorgan Chase & Co’s (“JPMorgan”) extended business relationship with Jeffrey Epstein and your knowledge of the bank’s activities. You have maintained that you don’t recall knowing anything about Jeffrey Epstein and did not know Epstein was a client of JPMorgan prior to his 2019 arrest. But according to new information released by the Department of Justice (DOJ) in response to the Epstein Files Transparency Act, Mr. Epstein was in touch with former U.K. Business Secretary Peter Mandelson to discuss the possibility of you calling then-Chancellor of the Exchequer Alistair Darling regarding a tax on bankers’ bonuses—a call you reportedly made. These resurfaced emails and related reporting raise serious questions regarding the extent of the bank’s relationship with Epstein, and your knowledge of these ties. It is critical that Congress and the American public fully understand the extent of any interactions the bank and you had with Epstein.

Epstein’s client relationship with JPMorgan spanned from 1998 to 2013, overlapping with your tenure as CEO, which began in 2006. During this period, Epstein would become a highly profitable client for the bank. In 2003, JPMorgan is reported to have made $8 million in fees off Epstein, “the biggest revenue generator” among a certain class of investor clients. Epstein (and his companies and associates) opened at least 134 accounts, processed over $1 billion in transactions, and brought in several lucrative clients. Additionally, Epstein reportedly developed close relationships with several top JPMorgan executives, including Jes Staley, who was then the head of JPMorgan’s private banking division and is often reported as once being one of your long-standing “lieutenant[s].”

JPMorgan’s relationship with Epstein landed the bank in legal trouble. In 2023, the bank agreed to pay “$290 million to sexual abuse victims of Jeffrey Epstein who claimed that the bank ignored warnings about the disgraced financier.” In addition, JPMorgan “agreed to pay $75 million to the U.S. Virgin Islands to settle claims that it did nothing to deter a sex-trafficking operation that Mr. Epstein ran from his private island in the U.S. territory.” In neither case did JPMorgan admit to wrongdoing or liability.

As part of those legal challenges, lawyers uncovered emails between Jes Staley and Epstein suggesting that you planned to meet with Epstein. In June 2009, for example, Epstein asked Staley via email if he “want[ed] to organize either you, or you and Jamie, quietly” at “71st Street,” Epstein’s New York mansion. Lawyers also identified a February 2010 email exchange between Epstein and his assistant, Lesley Groff, discussing an apparent “evening appointment” with you: Groff asked Epstein, “Shall I have Lynn prepare heavy snacks for your evening appointments with [redacted attendee], Jes Staley and Jamie Dimon?” During a 2023 deposition regarding your knowledge of the bank’s interactions with Epstein, you were repeatedly asked whether you ever met Epstein or if any JPMorgan employee had raised any information about Epstein to your attention. You stated, “I have never had an appointment with Jeff Epstein. I’ve never met Jeff Epstein. I never knew Jeff Epstein. I never went to Jeff Epstein’s house. I never had a meal with Jeff Epstein.” You also said that you “had never even heard of the guy, pretty much” prior to 2019.

Yet newly released emails by the DOJ and subsequent reporting reveal additional information about Epstein’s relationship with JPMorgan—including an effort to push you to weigh in on British tax policy on behalf of JPMorgan. According to reports, several emails indicate that in December 2009, Epstein and then-U.K. Business Secretary Peter Mandelson advised one another on how to approach the U.K. Treasury regarding a proposed one-time, 50% tax on bankers’ bonuses above £25,000. For example, on December 15, Epstein asked Mandelson if the proposal could be limited to cash bonuses, rather than the more valuable, non-cash compensation, such as share options. Minutes later, Mandelson responded that he was “[t]rying hard to amend.” In a follow-up exchange, Epstein appears to direct Mandelson to “amend it, deliver the message personally to [D]imon.”

In other email exchanges between Epstein and Mandelson, the two men appear to strategize as to how you, as JPMorgan’s CEO, could apply pressure on then-Chancellor of the Exchequer Alistair Darling, who proposed the tax. On December 17, Epstein asked Mandelson if “jamie,” apparently referring to you, should call Darling one more time, to which Mandelson advised, “Yes and mildly threaten.” And on December 29, you reportedly made the call. As Darling recounted in his memoir, “Mr. Dimon was very, very angry.. he said that his bank bought a lot of UK debt and he wondered if that was now such a good idea. . . . He went on to say they were thinking of building a new office in London but they had to reconsider that now.” It is unclear what influence, if any, Epstein’s engagement with Mandelson had—directly or indirectly—on your decision to call Darling.

Furthermore, files released by the DOJ reveal that the redacted individual from Lesley Groff’s February 2010 email about a proposed meeting between you and Epstein was, in fact, Peter Mandelson. In full, Groff asks Epstein, “Shall I have Lynn prepare ‘heavy snacks’ for your evening appointments with Peter Mandelson, Jes Staley and Jamie Dimon? Or is this to be a nice sit down dinner at 9pm?”

In light of this new reporting and the release of new materials by the Department of Justice (DOJ) in response to the Epstein Files Transparency Act, I seek additional information regarding JPMorgan and your relationship with Epstein. I request answers to the following questions no later than July 24, 2026:

1. Did you, or any other JPMorgan employee, direct or otherwise collaborate with Epstein to lobby U.K. officials regarding the bankers’ bonus tax proposal? If so, was Epstein compensated by you, Jes Staley, or JPMorgan, directly or indirectly, for this service?

2. Did you ever call then-Chancellor Darling regarding the U.K. bankers’ bonus tax?

3. Did Epstein or any JPMorgan employee, advise you to “mildly threaten” then-Chancellor Darling to reduce the bonus tax? If applicable, which JPMorgan employee?

4. Please provide copies of JPMorgan’s policies and procedures related to retaining external lobbyists in both the U.K. and U.S.

5. Provide copies of any communications, including but not limited to emails, texts, or phone records, between you and Peter Mandelson, Jes Staley and Alistair Darling regarding the U.K. bankers’ bonus tax proposal.

6. During Epstein’s 15-year long relationship with JPMorgan, you served as CEO for about seven years. At one point, Epstein became one of JPMorgan’s most profitable clients – opening at least 134 accounts, processing over $1 billion in transactions, and recruiting other wealthy clients. You have repeatedly denied under oath that you did not know Epstein existed until his 2019 arrest and that you have never met with Epstein. In your experience, is it typical that a CEO would not have any awareness of their firm’s top clients?

Sincerely,

Elizabeth Warren
Ranking Member
Committee on Banking, Housing, and Urban Affairs

Bank earnings season has a traditional starting gun, and it goes off Tuesday, July 14, when JPMorgan Chase (JPM +1.47%) reports second-quarter results before the market opens. As the largest U.S. bank, sitting on trillions of dollars in deposits and loans, JPMorgan sets the tone for its own stock and for the sector behind it.

There will be plenty to sort through: trading revenue, investment-banking fees, loan losses, the size of the buyback. But one line matters more than the rest for where the stock goes next.

That line is net interest income.

Image source: Getty Images.

Why net interest income is the number Net interest income, or NII, is the gap between what a bank earns on its loans and securities and what it pays out on deposits. For a lender JPMorgan's size, it is the core profit engine, bigger and steadier than the trading desks that grab the headlines.

It is also the number that tripped up the stock last quarter. When JPMorgan reported first-quarter results in April, it trimmed its full-year 2026 NII guidance to about $103 billion. The quarter was otherwise strong, with net income of $16.5 billion, revenue up 10% year over year to $50.5 billion, and record trading revenue. But the softer NII outlook is what investors fixed on, and the stock pulled back.

The reason is the rate backdrop. As the Federal Reserve leans toward lower interest rates, banks earn less on new loans while still paying up for deposits. That squeezes the spread at the heart of NII. So when JPMorgan updates its guidance on July 14, the direction of that number -- raised, held, or cut again -- should tell investors a lot about how hard the rate environment is biting.

Today's Change

(

1.47

%) $

4.85

Current Price

$

335.47

What the quarter needs to show For the stock to keep working, JPMorgan needs NII to look like it is stabilizing, not sliding further.

The good news is that the bank enters the quarter from a position of strength. First-quarter profit was enormous, its trading business has been running hot, and management held the core, non-markets portion of its NII outlook steady at about $95 billion. If deposit costs are easing and loan demand is holding, NII can flatten out even with the Fed cutting.

The bank also keeps returning huge sums to shareholders. It pays a $6.00 annual dividend and buys back tens of billions of dollars of stock a year, a cushion that a smaller or weaker lender simply doesn't have.

The risk runs the other way. If management cuts the NII outlook again, it would likely signal that the rate squeeze is running deeper than expected. Because JPMorgan reports early in the bank earnings cycle, that worry tends to spread across every bank stock lined up behind it.

Valuation frames the stakes. JPMorgan trades at about 15 times expected earnings, near its highest levels ever after a strong run, and yields about 1.8%. That is not a demanding multiple for the best-run bank in the country. But it is no bargain either, and a stock near record highs has less room to shrug off a disappointment. None of that is a knock on the franchise. JPMorgan runs what Dimon likes to call a fortress balance sheet, and it has taken market share through every recent bout of turmoil.

So what should investors actually watch on July 14?

Not the headline earnings figure, which will be large and mostly anticipated. Watch the NII guidance, and watch what CEO Jamie Dimon says about the rate path and credit quality on the call. Dimon has spent recent quarters warning about an "increasingly complex" set of risks, from geopolitics to elevated asset prices, and his tone tends to color how the whole sector trades. A cautious word from Dimon can weigh on bank stocks even when the quarter's numbers look fine.

JPMorgan Chase stock is trading at elevated levels. What’s the outlook for JPM shares? What To Watch Ahead of JPM Earnings on July 14JPMorgan is set to report second-quarter earnings before the opening bell on Tuesday, July 14, and analysts are calling for EPS of $5.61 on revenue of $49.56 billion, versus $4.96 and $44.91 billion in the prior-year period.

The company also said Monday it supports a regulatory framework for cryptocurrencies, while warning that the rules could carry risks—especially for stablecoins and yield-producing products.

What Is Driving JPMorgan’s Dividend and Buyback Boost?CEO Jamie Dimon framed the move as enabled by excess capital and liquidity, positioning JPMorgan to keep returning cash while maintaining balance-sheet strength and staying a “pillar of strength,” a message that helped fuel the prior breakout.

JPM Stock: Critical Resistance and Support LevelsJPM is pressing toward the top of its 52-week range ($279.10 to $343.45), with price now just below nearby resistance at $343.50—an area that lines up with the recent 52-week high zone where breakouts can stall on the first try.

Trend structure still looks constructive: the stock is trading 4.2% above its 20-day SMA ($327.16) and 10.4% above its 200-day SMA ($308.78), and the 20-day SMA remains above the 50-day SMA—typical of an uptrend that’s still being defended on pullbacks.

For momentum, MACD is above its signal line and the histogram is positive, which points to improving upside pressure versus the prior downswing; in plain terms, that usually means buyers are gaining control even if the stock pauses near resistance.

Key Resistance: $343.50 — a nearby pivot/52-week high area where rallies can stall before a clean breakout Key Support: $293.50 — a prior buyer-defense zone that sits well below current price, acting as a deeper "line in the sand" if the trend breaks JPM Earnings Preview: July 2026 EstimatesThe countdown is on: JPMorgan Chase & Co. is set to report earnings on July 14, 2026 (confirmed).

EPS Estimate: $5.59 (Up from $4.96 YoY) Revenue Estimate: $49.39 Billion (Up from $45.68 Billion YoY) Valuation: P/E of 16.2x (Suggests fair valuation relative to peers) Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $350.00 across 17 analysts. Recent analyst moves include:

UBS: Buy (Raises Target to $384.00) (July 7) Evercore ISI Group: Outperform (Raises Target to $360.00) (July 6) Wells Fargo: Overweight (Raises Target to $360.00) (July 6) JPMorgan Chase Edge Rankings: Strengths and WeaknessesBelow is the Benzinga Edge scorecard for JPMorgan Chase, highlighting its strengths and weaknesses compared to the broader market:

The Verdict: JPMorgan Chase’s Benzinga Edge signal reveals a growth-leaning profile with middling momentum and a weaker quality read. For traders, that often means the chart can keep working higher, but earnings execution and guidance tone may matter more than usual near resistance.

JPM Stock Price Activity on TuesdayJPM Stock Price Activity: JPMorgan Chase shares were up 0.78% at $340.34 at the time of publication on Tuesday, according to Benzinga Pro data.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

JPMorgan Chase (JPM 0.11%) is one of the world's largest financial companies, trailing only Berkshire Hathaway (BRKA +1.41%)(BRKB +1.61%). That said, the giant bank got some very good news when the Federal Reserve announced that it had passed the Fed's bank stress test. And JPMorgan Chase shareholders benefited, too, since the bank quickly announced a 10% dividend increase and a $50 billion share repurchase plan.

JPMorgan Chase is in a strong position The first big takeaway from the Fed's bank stress test is that JPMorgan Chase is a financially solid bank. Notably, the Fed is looking for a tier 1 capital ratio of 11.5%, but the bank's tier 1 ratio was 14.3%. The tier 1 ratio indicates how well prepared a bank is for adversity, with higher numbers indicating better preparedness. Clearly, JPMorgan Chase is not only one of the largest banks in the world but also among the strongest.

Image source: Getty Images.

That alone, however, isn't enough to make the stock worth buying. It is also putting up strong financial results, with growth across its business in the first quarter of 2026. Earnings per share rose 17% year over year, with return on tangible common equity increasing by two percentage points. All in, there are many reasons to like JPMorgan Chase today.

Today's Change

(

-0.11

%) $

-0.37

Current Price

$

333.70

Don't run out and buy JPMorgan Chase just yet The problem with this story is that Wall Street is well aware of the company's success. In fact, the stock is trading just below its all-time highs. The stock's price-to-sales, price-to-earnings, and price-to-book ratios are all above their five-year averages, and by meaningful amounts. To put some numbers on that, the stock's P/S ratio sits at 4.8x, versus a five-year average of 3.6x. The current P/E ratio is roughly 15.5x compared to a longer-term average of around 11x. And the P/B ratio is 2.5x compared to the five-year average of just under 1.8x.

Simply put, JPMorgan Chase is looking rather expensive today. Even the company's forward P/E ratio is notably out of line with its past, sitting at 14.9x compared to a five-year average of 12x. A large dividend hike and stock buyback plan won't change the valuation facts here, even if they are nice to see. For investors who have even the slightest value lean, this looks like a stock for the wishlist, not the buy list, today. A recession and/or a bear market could make this large, well-run bank a more attractive value.

JPMorgan Chase is an advertising partner of Motley Fool Money. Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway and JPMorgan Chase. The Motley Fool has a disclosure policy.

JPMorgan Chase & Co. (NYSE:JPM) will release earnings for its second quarter before the opening bell on Tuesday, July 14.

Analysts expect the New York-based company to report quarterly earnings of $5.61 per share, up from $4.96 per share in the year-ago period. The consensus estimate for JPMorgan’s quarterly revenue is $49.56 billion. It reported $44.91 billion last year, according to Benzinga Pro.

JPMorgan stated on Monday that it supports a regulatory framework for cryptocurrencies but warned the rules could carry risks, especially for stablecoins and yield-producing products.

Shares of JPMorgan rose 2.1% to close at $334.07 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Considering buying JPM stock? Here’s what analysts think:

Photo via Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

By You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Doug Petno and Troy Rohrbaugh are the two frontrunners in the race to succeed Jamie Dimon. JPMorgan And then there were two.

JPMorgan elevated Troy Rohrbaugh and Doug Petno to co-presidents on Thursday, the clearest sign yet that they are leading the race to replace CEO Jamie Dimon.

The announcement comes after more than a decade of speculation and a rotating cast of succession candidates. Even now, the field could keep shifting until the day Dimon steps down. While both are held in high esteem at JPMorgan, Petno and Rohrbaugh have distinct strengths — the former is known for his charm and client relationships, the latter for his trading chops and quieter risk management.

Petno and Rohrbaugh had jointly led the commercial and investment bank, which Petno will now lead on his own as Rohrbaugh becomes CEO of the firm's consumer and community banking unit. Marianne Lake, the current head of consumer and community banking who had been seen as a frontrunner in the CEO race, is retiring.

Though the announcement effectively narrows what had been a more crowded field to a two-person race, it doesn't seem that Dimon, 70, plans to step down anytime soon. Analysts from Bank of America said the announcement, especially Lake's retirement, suggests Dimon will stick around for several more years, and his timeline could impact whether Petno, 61, or Rohrbaugh, 56, lands his job.

"It's a question of timing more than anything," Mike Mayo, a Wells Fargo banking analyst, said. Mayo said that Rohrbaugh, with his relative youth, likely has a better shot at becoming CEO the longer Dimon stays in the position.

Their decadeslong careers at the bankPetno has worked at JPMorgan for more than 35 years, though originally thought he would be a veterinarian, he told his alma mater, Wabash College, in 2019. He started at the firm as an investment banker and eventually became head of the natural resources group.

He became the CEO of commercial banking in 2012, and under his leadership, revenue more than doubled. In 2024, he became the co-head of global banking, before becoming co-head of the investment bank in 2025, the role he shared with Rohrbaugh.

Through his three decades at the firm, Petno became known as one of Dimon's close associates, with a finger on the pulse of top customers. Dimon described him as "a great client guy and a culture carrier" in an interview with Bloomberg at the beginning of last year, adding that he has a good sense of humor. The CEO has trusted him with big projects over the years, tapping him to help combine the corporate and investment banks and build up the firm's startup banking capabilities.

"I learned to observe the people and types of behavior I admire and embrace it, building it into my own style," Petno told Wabash in 2019 about his rise. "People took chances on me, including Jamie."

Rohrbaugh has been less of a public- and client-facing figure. A veteran trader who started at JPMorgan in 2005, he's built a reputation as someone who knows how to navigate risk — he said in an interview with Bloomberg last year that, being a trader by background, "I worry about everything." That skill could make him an attractive CEO candidate, an industry recruiter previously told Business Insider.

The 56-year-old studied political science and played football at Johns Hopkins, and started his finance career trading options at the Philadelphia Stock Exchange. He then worked at Banque Nationale and Goldman Sachs before joining JPMorgan's foreign-exchange business. Rohrbaugh helped stabilize and mature the business while pushing to modernize its technology capabilities. He's also served as head of global markets, and his experience at JPMorgan has spanned Asia, London, and New York.

Rohrbaugh was vaulted more publicly into the succession race when he became co-head of the commercial and investment bank in 2024.

In a video to Johns Hopkins' football team in 2023, Rohrbaugh, dressed in blue jeans, advised staying "calm under pressure" — potentially useful words of advice given his current circumstances.

Proving they're up for the jobNow that Rohrbaugh and Petno are locked into their roles as co-presidents — they each received a one-time $30 million retention bonus, according to an SEC filing — they'll need to prove they're up for the CEO job that's been synonymous with Dimon's name for decades.

Petno, as the sole head of the corporate and investment bank, has the chance to maintain his strong client relationships and impact on firm culture, Chris McGratty, an analyst at KBW, said in an email. On top of that, the veteran investment banker will need to demonstrate his handle on the markets business. He's also one of the people spearheading the Security & Resiliency Initiative, a $1.5 trillion effort that's a huge focus for Dimon.

Rohrbaugh, on the other hand, is now overseeing an entirely new group of people and line of business on Main Street rather than Wall Street, giving him wider insight into the sprawl that is JPMorgan. In his new position, he's overseeing more than 5,000 branches across the country. The new role could also address his more limited experience in high-profile leadership roles, which Mayo, the Wells Fargo analyst, described as a potential "shortfall."

With Dimon seemingly entrenched as CEO for at least a couple more years, the two men, former football and soccer players, have just started what might be the most public game of their lives. It seems all of Wall Street is filling the stands.

Read next

Alice Tecotzky You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

JPMorgan Wall Street Careers More

Key Takeaways JPMorgan aims to operate Chase in at least five European countries by the end of 2030.Chase has gained more than 3 million U.K. customers and roughly 30 billion pounds in deposits.JPMorgan sees Europe as a long-term retail banking investment, not an immediate earnings driver. JPMorgan (JPM - Free Report) is planning to deepen Chase’s presence in Europe, marking a major step in its international retail banking strategy. The U.S. banking giant wants its digital bank to operate in at least five European countries by the end of 2030. Building on its current presence in the U.K. and Germany, the company is reportedly considering expansion into additional European markets, including France, Spain and Italy.

The move signals JPMorgan’s intent to build a scalable consumer banking platform outside its dominant U.S. base. Chase entered the U.K. in 2021 and has since gained strong traction (more than 3 million customers and roughly £30 billion in deposits), helped by competitive savings rates, cashback benefits and brand recognition. Its German launch (May 2026) has opened the door to continental Europe, where a common regulatory and technology framework may make future rollouts easier than the initial U.K.-to-EU transition.

For JPMorgan, the opportunity lies in gathering low-cost deposits, expanding customer relationships and cross-selling products such as cards, insurance, lending and wealth solutions over time. A broader European footprint will also diversify consumer banking revenues and support long-term growth.

However, the strategy is unlikely to deliver quick profits. Europe’s retail banking market is fragmented, heavily regulated and dominated by entrenched local banks. Digital players such as Revolut, Monzo and N26 have already intensified competition for younger and rate-sensitive customers. JPMorgan will have to keep spending heavily on technology, marketing and customer incentives to gain scale.

Overall, the expansion underscores JPMorgan’s confidence in its brand, balance sheet and digital capabilities. Still, the move must be viewed as a long-term retail banking investment rather than an immediate earnings driver.

How Do JPM’s Peers Fare in Terms of Branch Expansion Plans?JPMorgan’s two close peers are Bank of America (BAC - Free Report) and Citigroup (C - Free Report) .

Bank of America continues to show that branches remain relevant in an AI-driven banking era. As of March 31, 2026, Bank of America operated 3,540 financial centers and 14,902 ATMs, while advancing plans to open 150-plus centers across 60 markets by 2027.

Citigroup plans to renovate much of its 650-branch U.S. network and selectively open new locations by 2028. This will reshape Citigroup’s physical footprint around wealth management and advisory services rather than routine retail transactions.

JPMorgan’s Price Performance, Valuation and EstimatesJPM’s shares have gained 5.8% over the past six months.

Image Source: Zacks Investment Research

From a valuation standpoint, JPMorgan trades at a 12-month trailing price-to-tangible book (P/TB) of 3.22X, slightly below the industry average. 

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for JPMorgan's 2026 earnings indicates a 10.3% year-over-year rise, while 2027 earnings are expected to grow at a rate of 5.4%. Over the past month, earnings estimates for 2026 have moved lower to $22.40, while those for 2027 have moved higher to $23.60.

Image Source: Zacks Investment Research

JPMorgan currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Published June 19, 2026 3:39pm EDT

Investigators are examining a global investment empire tied to Tehran's leadership The Department of Justice is investigating transactions tied to a business network linked to Iranian Supreme Leader Mojtaba Khamenei that reportedly had exposure to major U.S. financial institutions, according to a Bloomberg News report.

Bloomberg reported federal investigators are examining how companies connected to Khamenei built a global investment portfolio with transactions involving Wall Street firms including JPMorgan Chase and Citigroup.

The reported probe is part of a broader Justice Department investigation into alleged money laundering and corruption involving entities tied to Khamenei, according to Bloomberg, which cited people familiar with the matter.

DOJ CLEARS PARAMOUNT-WARNER BROS MERGER AFTER 8-MONTH ANTITRUST PROBE, SAYS DEAL COULD BOOST COMPETITION

JPMorgan Chase headquarters in New York City. Federal investigators are reportedly reviewing transactions tied to a business network linked to Iran's supreme leader that involved major U.S. financial institutions. (Photo by Tim Clayton/Corbis via Getty Images / Getty Images)

JPMorgan Chase, Citigroup and the Department of Justice did not immediately respond to FOX Business' requests for comment.

Investigators are reviewing the role U.S. financial institutions may have played in processing or facilitating transactions linked to the network, though Bloomberg reported the investigation does not necessarily mean charges will be filed.

The reported inquiry comes as the Trump administration has intensified pressure on Iran and sought to crack down on sanctions evasion and illicit financial activity tied to Tehran and its leadership.

JPMORGAN CHASE LAUNCHES AMERICAN DREAM INITIATIVE TO EXPAND SMALL BUSINESS SUPPORT ACROSS THE US

Citigroup headquarters in New York City. The bank was named in a report on a Justice Department investigation examining transactions linked to a business network tied to Iran's supreme leader. (Victor J. Blue/Bloomberg / Getty Images)

The investigation could place renewed scrutiny on how major financial institutions identify and monitor potentially sanctioned entities operating through complex international ownership structures and investment vehicles, a longstanding challenge for global banks and regulators.

Bloomberg reported that investigators' primary focus is Khamenei and the network of businesses tied to him rather than the banks themselves.

Ticker Security Last Change Change % JPM JPMORGAN CHASE & CO. 331.57 -2.57 -0.77% C CITIGROUP INC. 144.52 -0.54 -0.37% GET FOX BUSINESS ON THE GO BY CLICKING HERE

Khamenei became Iran's supreme leader after his father, Ayatollah Ali Khamenei, was killed in a joint U.S.-Israeli airstrike. As Iran's highest-ranking authority, he has final say over major state decisions, including foreign policy and the country's nuclear program.

The reported investigation comes amid heightened tensions between Washington and Tehran as the administration continues to increase economic and diplomatic pressure on the Iranian regime.