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JPMorgan Chase Reports $15.3 Billion Third-Quarter Net Income on Strong Revenue Growth

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JPM$334.30 0.39%

JPMorgan Chase & Co. (JPM) delivered third-quarter net income of $15.3 billion, or $5.57 per diluted share, alongside managed revenue of $50.9 billion. Excluding an after-tax net investment securities loss of $498 million, adjusted net income reached $15.8 billion, or $5.75 per share.

The banking giant benefitted from robust loan and deposit expansion, with average loans rising 10% and average deposits climbing 8% year-over-year. Net interest income jumped 13% to $27.1 billion, while noninterest revenue hit $23.8 billion. Strength was visible across key business divisions, particularly in investment banking fees which grew 15% and equity markets revenue which soared 49%. The firm's consumer segment also expanded, adding over 650,000 net new checking accounts during the quarter.

Investors will monitor credit performance and capital reserves as the bank set aside $2.7 billion for credit losses, which included $2.2 billion in net charge-offs and a $539 million reserve build. Capital strength remains solid, with a standardized Basel III CET1 ratio of 13.9% and tangible book value per share rising to $112.64. Shares of JPMorgan Chase & Co. were up 0.39% at $334.30 following the announcement.

Key points

  • JPMorgan Chase & Co. reported third-quarter net income of $15.3 billion, or $5.57 per share, with managed revenue reaching $50.9 billion.
  • Adjusted net income was $15.8 billion, or $5.75 per share, excluding a $658 million pre-tax loss on investment securities.
  • Net interest income grew 13% year-over-year to $27.1 billion, supported by 10% average loan growth and 8% average deposit growth.
  • Investment banking fees climbed 15% and equity markets revenue rose 49%, driving Commercial & Investment Bank net income to $8.2 billion.
  • Provision for credit losses totaled $2.7 billion, comprising $2.2 billion in net charge-offs and a $539 million net reserve build.

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Questions and answers

What were JPMorgan Chase's earnings for Q3 2026?

JPMorgan Chase reported third-quarter net income of $15.3 billion, or $5.57 per share. Excluding a net investment securities loss, adjusted net income was $15.8 billion, or $5.75 per share, on managed revenue of $50.9 billion.

How much did JPMorgan Chase's revenue and net interest income grow?

Managed revenue reached $50.9 billion for the quarter. Net interest income increased 13% year-over-year to $27.1 billion, supported by a 10% increase in average loans and an 8% increase in average deposits.

What was JPMorgan Chase's provision for credit losses in Q3 2026?

The provision for credit losses was $2.7 billion, which reflected $2.2 billion in net charge-offs and a $539 million net reserve build.