JPMorgan Chase NYSE:JPM fell 2.09% in premarket after the bank reported Q2 2026 EPS of $7.70 on a reported basis and $6.14 excluding significant items, beating the Wall Street consensus of $5.44. Reported net revenue came in at $57.3 billion, well above the Wall Street estimate of $48.8 billion. Significant items include a $4.6 billion net gain on Visa shares and $1.0 billion of gains on certain equity investments. Excluding those items, net income was $16.9 billion, up 13% year-on-year, with ROTCE of 23%.
Revenue in every line of business hit a new record. The Commercial and Investment Bank led the way. Markets revenue surged 35% year-on-year to $12.1 billion, with Equity Markets up 86% on strong performance across products and regions. Investment Banking fees rose 30% to $3.3 billion, the highest level since 2021, driven by equity underwriting. AWM revenue grew 19% with AUM reaching $5.1 trillion, up 18% year-on-year. Consumer and Community Banking revenue rose 8%.
JPMorgan returned $6.2 billion in share repurchases and paid a $1.50 per share common dividend in the quarter. CET1 capital ratio stood at 14.1%. CEO Jamie Dimon said the U.S. economy has shown notable resilience, supported by AI-driven capital investment, fiscal stimulus, and more efficient regulation, while flagging geopolitical tensions, sticky inflation, and elevated asset prices as risks that bear monitoring.