Form 8-K

8-K — JPMORGAN CHASE & CO

Accession: 0001628280-26-024990

Filed: 2026-04-14

Period: 2026-04-14

CIK: 0000019617

SIC: 6021 (NATIONAL COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — jpm-20260414.htm (Primary)

EX-99.1 — JPMORGAN CHASE & CO. EARNINGS RELEASE - FIRST QUARTER 2026 RESULTS (a1q26erfexhibit991narrative.htm)

EX-99.2 — JPMORGAN CHASE & CO. EARNINGS RELEASE FINANCIAL SUPPLEMENT - FIRST QUARTER 2026 (a1q26erfex992supplement.htm)

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8-K

8-K (Primary)

Filename: jpm-20260414.htm · Sequence: 1

jpm-20260414

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): April 14, 2026

JPMorgan Chase & Co.

(Exact name of registrant as specified in its charter)

Delaware 1-5805 13-2624428

(State or other jurisdiction of

incorporation or organization) (Commission File Number) (I.R.S. employer

identification no.)

270 Park Avenue,

New York, New York 10017

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (212) 270-6000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common stock JPM The New York Stock Exchange

Depositary Shares, each representing a one-four hundredth interest in a share of 5.75% Non-Cumulative Preferred Stock, Series DD JPM PR D The New York Stock Exchange

Depositary Shares, each representing a one-four hundredth interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EE JPM PR C The New York Stock Exchange

Depositary Shares, each representing a one-four hundredth interest in a share of 4.75% Non-Cumulative Preferred Stock, Series GG JPM PR J The New York Stock Exchange

Depositary Shares, each representing a one-four hundredth interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJ JPM PR K The New York Stock Exchange

Depositary Shares, each representing a one-four hundredth interest in a share of 4.625% Non-Cumulative Preferred Stock, Series LL JPM PR L The New York Stock Exchange

Depositary Shares, each representing a one-four hundredth interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MM JPM PR M The New York Stock Exchange

Guarantee of Callable Fixed Rate Notes due June 10, 2032 of JPMorgan Chase Financial Company LLC

JPM/32 The New York Stock Exchange

Guarantee of Alerian MLP Index ETNs due January 28, 2044 of JPMorgan Chase Financial Company LLC AMJB NYSE Arca, Inc.

Guarantee of Inverse VIX Short-Term Futures ETNs due March 22, 2045 of JPMorgan Chase Financial Company LLC VYLD NYSE Arca, Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On April 14, 2026, JPMorgan Chase & Co. (“JPMorganChase” or the “Firm”) reported 2026 first quarter net income of $16.5 billion, or $5.94 per share, compared with net income of $14.6 billion, or $5.07 per share, in the first quarter of 2025. A copy of the 2026 first quarter earnings release is attached hereto as Exhibit 99.1, and a copy of the earnings release financial supplement is attached hereto as Exhibit 99.2.

Each of the Exhibits provided with this Form 8-K shall be deemed to be “filed” for purposes of the Securities Exchange Act of 1934.

This Current Report on Form 8-K (including the Exhibits hereto) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of JPMorganChase’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause JPMorganChase’s actual results to differ materially from those described in the forward-looking statements can be found in JPMorganChase’s Annual Report on Form 10-K for the year ended December 31, 2025, which has been filed with the Securities and Exchange Commission and is available on JPMorganChase’s website (https://jpmorganchaseco.gcs-web.com/ir/sec-other-filings/overview) and on the Securities and Exchange Commission’s website (www.sec.gov). JPMorganChase does not undertake to update any forward-looking statements.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No. Description of Exhibit

99.1

JPMorgan Chase & Co. Earnings Release - First Quarter 2026 Results

99.2

JPMorgan Chase & Co. Earnings Release Financial Supplement - First Quarter 2026

101 Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language).

104 Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

JPMorgan Chase & Co.

(Registrant)

By: /s/ Elena Korablina

Elena Korablina

Managing Director and Firmwide Controller

(Principal Accounting Officer)

Dated: April 14, 2026

EX-99.1 — JPMORGAN CHASE & CO. EARNINGS RELEASE - FIRST QUARTER 2026 RESULTS

EX-99.1

Filename: a1q26erfexhibit991narrative.htm · Sequence: 2

Document

Exhibit 99.1

JPMorgan Chase & Co.

270 Park Avenue, New York, NY 10017-2070

NYSE symbol: JPM

www.jpmorganchase.com

JPMORGANCHASE REPORTS FIRST-QUARTER 2026 NET INCOME OF $16.5 BILLION ($5.94 PER SHARE)

FIRST-QUARTER 2026 RESULTS 1

ROE 19%

ROTCE2 23%

CET1 Capital Ratios3

Std. 14.3% | Adv. 14.1%

Total Loss-Absorbing Capacity3 $572B

Std. RWA3 $2.0T

Cash and marketable securities4 $1.5T

Average loans $1.5T

Firmwide Metrics

Reported revenue of $49.8 billion and managed revenue of $50.5 billion2

Expense of $26.9 billion; reported overhead ratio of 54% and managed overhead ratio2 of 53%

Credit costs of $2.5 billion with $2.3 billion of net charge-offs and a $191 million net reserve build

Average loans up 11% YoY, up 2% QoQ; average deposits up 7% YoY, up 1% QoQ

CCB

ROE 32%

Average deposits up 2% YoY and QoQ; client investment assets up 18% YoY

Average loans up 1% YoY and flat QoQ; Card Services net charge-off rate of 3.47%

Debit and credit card sales volume5 up 9% YoY

Active mobile customers6 up 7% YoY

CIB

ROE 21%

Investment Banking fees up 28% YoY, up 23% QoQ; #1 ranking for Global Investment Banking fees with 9.8% wallet share in 1Q26

Markets revenue up 20% YoY, with Fixed Income Markets up 21% and Equity Markets up 17%

Average Banking & Payments loans up 10% YoY, up 4% QoQ; average client deposits7 up 13% YoY, up 1% QoQ

AWM

ROE 44%

AUM8 of $4.8 trillion, up 16% YoY

Average loans up 15% YoY, up 3% QoQ; average deposits up 4% YoY, up 3% QoQ

Jamie Dimon, Chairman and CEO, commented: “The Firm delivered strong results in the first quarter, reporting net income of $16.5 billion.”

Dimon continued: “Performance was strong across our businesses. In the CIB, revenue grew 19%. Markets revenue reached a record $11.6 billion, while IB fees increased 28% due to stronger advisory and ECM activity. Additionally, Payments continued to deliver very strong results, with double-digit growth in deposits and fees. In CCB, revenue rose 7%. We continued to acquire new customers at a robust rate across the franchise, including achieving record net inflows in self-directed investing and opening more than 450,000 net new checking accounts. Finally, in AWM, revenue increased 11%, and flows remained healthy with $54 billion of long-term AUM net inflows.”

Dimon added: “Regarding capital, we were pleased to see that the recent capital re-proposals mitigated the most severe consequences of the 2023 proposals. However, there are still aspects of the proposed rules that need to be addressed. We have ample amounts of capital and liquidity, with $291 billion in CET1 capital, $572 billion in total loss-absorbing capacity and $1.5 trillion in cash and marketable securities. We hope that regulators prioritize well-designed regulation and address these aspects of the proposed rules to allow banks of all sizes to deploy their resources to support the real economy.”

Dimon added: "The U.S. economy remained resilient in the quarter, with consumers still earning and spending and businesses still healthy. Several tailwinds are supporting this resiliency, including increased fiscal stimulus, the benefits of deregulation, AI-driven capital investment and the Fed's asset purchases. At the same time, there is an increasingly complex set of risks—such as geopolitical tensions and wars, energy price volatility, trade uncertainty, large global fiscal deficits and elevated asset prices. While we cannot predict how these risks and uncertainties will ultimately play out, they are significant and they reinforce why we prepare the Firm for a wide range of environments.”

Dimon concluded: “I want to express my deep gratitude to our employees across the globe for how they work to support our customers and communities every single day.”

CAPITAL DISTRIBUTIONS

n Common dividend of $4.1 billion or $1.50 per share

n $8.1 billion of common stock net repurchases9

n Net payout LTM9,10 of 82%

FORTRESS PRINCIPLES

n Book value per share of $128.38, up 8% YoY; tangible book value per share2 of $108.87, up 8% YoY

n Basel III common equity Tier 1 capital3 of $291 billion, Standardized ratio3 of 14.3% and Advanced ratio3 of 14.1%

n Firm supplementary leverage ratio of 5.6%

SUPPORTED CONSUMERS, BUSINESSES & COMMUNITIES

n Approximately $855 billion of credit and capital11 raised in 1Q26:

n $72 billion of credit for consumers

n $8 billion of credit for U.S. small businesses

n $750 billion of credit and capital for corporations and non-U.S. government entities

n $25 billion of credit and capital for nonprofit and U.S. government entities, including states, municipalities, hospitals and universities

Investor Contact: Mikael Grubb (212) 270-2479

Media Contact: Joseph Evangelisti (212) 270-7438

Note: Totals may not sum due to rounding.

1 Percentage comparisons are for the first quarter of 2026 versus the prior-year first quarter, unless otherwise specified.

2 For notes on non-GAAP financial measures, including managed basis reporting, see page 6.

For additional notes, see page 7.

JPMorgan Chase & Co.

News Release

In the discussion below of Firmwide results of JPMorgan Chase & Co. (“JPMorganChase” or the “Firm”), information is presented on a managed basis, which is a non-GAAP financial measure, unless otherwise specified. The discussion below of the Firm’s business segments and Corporate is also presented on a managed basis. For more information about managed basis and non-GAAP financial measures used by management to evaluate the performance of each line of business, refer to page 6.

Comparisons noted in the sections below are for the first quarter of 2026 versus the prior-year first quarter, unless otherwise specified.

JPMORGANCHASE (JPM)

Results for JPM 4Q25 1Q25

($ millions, except per share data) 1Q26 4Q25 1Q25 $ O/(U) O/(U) % $ O/(U) O/(U) %

Net revenue - reported $ 49,836 $ 45,798 $ 45,310 $ 4,038 9 % $ 4,526 10 %

Net revenue - managed 50,536 46,767 46,014 3,769 8 4,522 10

Noninterest expense 26,850 23,983 23,597 2,867 12 3,253 14

Provision for credit losses 2,507 4,655 3,305 (2,148) (46) (798) (24)

Net income $ 16,494 $ 13,025 $ 14,643 $ 3,469 27 % $ 1,851 13 %

Earnings per share - diluted $ 5.94 $ 4.63 $ 5.07 $ 1.31 28 % $ 0.87 17 %

Return on common equity 19 % 15 % 18 %

Return on tangible common equity 23 18 21

Discussion of Results:

Net income was $16.5 billion, up 13%.

Net revenue was $50.5 billion, up 10%. Net interest income was $25.5 billion, up 9%. Noninterest revenue was $25.1 billion, up 11%.

Net interest income excluding Markets2 was $23.3 billion, up 3%, driven by higher deposit balances, as well as higher revolving balances in Card Services, predominantly offset by the impact of lower rates. Noninterest revenue excluding Markets2 was $15.7 billion, up 14%, driven by higher asset management fees in AWM and CCB, higher investment banking fees, higher auto operating lease income and higher Payments fees. The increase was partially offset by the absence of the $588 million First Republic-related gain in the prior year. Markets revenue was $11.6 billion, up 20%.

Noninterest expense was $26.9 billion, up 14%, predominantly driven by higher compensation, including higher revenue-related compensation and growth in the number of front office employees, as well as higher brokerage expense and distribution fees, higher marketing expense and higher auto lease depreciation. The increase also reflected the absence of an FDIC special assessment accrual release in the prior year.

The provision for credit losses was $2.5 billion. Net charge-offs were $2.3 billion, down $16 million. The net reserve build was $191 million, and included a $327 million net build in Wholesale and a $139 million net release in Consumer. In the prior year, the provision was $3.3 billion, net charge-offs were $2.3 billion and the net reserve build was $973 million.

JPMorgan Chase & Co.

News Release

CONSUMER & COMMUNITY BANKING (CCB)

Results for CCB 4Q25 1Q25

($ millions) 1Q26 4Q25 1Q25 $ O/(U) O/(U) % $ O/(U) O/(U) %

Net revenue

$ 19,568 $ 19,396 $ 18,313 $ 172 1 % $ 1,255 7 %

Banking & Wealth Management 10,577 10,870 10,254 (293) (3) 323 3

Home Lending 1,232 1,249 1,207 (17) (1) 25 2

Card Services & Auto 7,759 7,277 6,852 482 7 907 13

Noninterest expense 10,979 10,256 9,857 723 7 1,122 11

Provision for credit losses 2,050 4,244 2,629 (2,194) (52) (579) (22)

Net income $ 4,976 $ 3,642 $ 4,425 $ 1,334 37 % $ 551 12 %

Discussion of Results:

Net income was $5.0 billion, up 12%.

Net revenue was $19.6 billion, up 7%. Banking & Wealth Management net revenue was $10.6 billion, up 3%, driven by higher asset management fees in J.P. Morgan Wealth Management and higher deposit-related fees. Home Lending net revenue was $1.2 billion, up 2%, driven by higher production revenue, partially offset by lower net interest income. Card Services & Auto net revenue was $7.8 billion, up 13%, driven by higher Card Services net interest income largely on higher revolving balances, as well as higher auto operating lease income, partially offset by lower card income.

Noninterest expense was $11.0 billion, up 11%, largely driven by higher marketing expense, higher auto lease depreciation and higher compensation for bankers and advisors.

The provision for credit losses was $2.1 billion. Net charge-offs were $2.2 billion, up $41 million, primarily driven by Card Services. The net reserve release was $145 million, predominantly driven by improvements in home prices. In the prior year, the provision was $2.6 billion, net charge-offs were $2.2 billion and the net reserve build was $475 million.

JPMorgan Chase & Co.

News Release

COMMERCIAL & INVESTMENT BANK (CIB)

Results for CIB 4Q25 1Q25

($ millions) 1Q26 4Q25 1Q25 $ O/(U) O/(U) % $ O/(U) O/(U) %

Net revenue $ 23,379 $ 19,375 $ 19,666 $ 4,004 21 % $ 3,713 19 %

Banking & Payments 10,425 9,651 8,754 774 8 1,671 19

Markets & Securities Services 12,954 9,724 10,912 3,230 33 2,042 19

Noninterest expense 11,136 9,011 9,842 2,125 24 1,294 13

Provision for credit losses 482 405 705 77 19 (223) (32)

Net income $ 9,044 $ 7,268 $ 6,942 $ 1,776 24 % $ 2,102 30 %

Discussion of Results:

Net income was $9.0 billion, up 30%.

Net revenue was $23.4 billion, up 19%. Banking & Payments revenue was $10.4 billion, up 19%. Investment Banking revenue was $3.1 billion, up 38%. Investment Banking fees were $2.9 billion, up 28%, driven by higher advisory and equity underwriting fees, partially offset by lower debt underwriting fees. Payments revenue was $5.1 billion, up 12%, predominantly driven by higher deposit balances and fee growth. Lending revenue was $2.2 billion, up 13%, largely driven by mark-to-market gains on hedges of the retained lending portfolio and higher loan balances.

Markets & Securities Services revenue was $13.0 billion, up 19%. Markets revenue was $11.6 billion, up 20%. Fixed Income Markets revenue was $7.1 billion, up 21%, driven by higher revenue on strong client activity in Commodities, Credit and Currencies & Emerging Markets, as well as continued strength in Securitized Products, partially offset by lower revenue in Rates. Equity Markets revenue was $4.5 billion, up 17%, predominantly due to increased client activity. Securities Services revenue was $1.5 billion, up 18%, predominantly driven by fee growth on higher market levels and client activity, as well as higher deposit balances.

Noninterest expense was $11.1 billion, up 13%, predominantly driven by higher compensation, including higher revenue-related compensation, as well as higher brokerage expense.

The provision for credit losses was $482 million, largely driven by changes in the credit quality of certain exposures. The net reserve build was $362 million, and net charge-offs were $120 million. In the prior year, the provision was $705 million, the net reserve build was $528 million and net charge-offs were $177 million.

ASSET & WEALTH MANAGEMENT (AWM)

Results for AWM 4Q25 1Q25

($ millions) 1Q26 4Q25 1Q25 $ O/(U) O/(U) % $ O/(U) O/(U) %

Net revenue $ 6,374 $ 6,516 $ 5,731 $ (142) (2) % $ 643 11 %

Noninterest expense 4,167 4,068 3,713 99 2 454 12

Provision for credit losses (24) 2 (10) (26) NM (14) (140)

Net income $ 1,775 $ 1,808 $ 1,583 $ (33) (2) % $ 192 12 %

Discussion of Results:

Net income was $1.8 billion, up 12%.

Net revenue was $6.4 billion, up 11%, predominantly driven by growth in management fees on strong net inflows and higher average market levels, as well as higher brokerage activity.

Noninterest expense was $4.2 billion, up 12%, largely driven by higher compensation, primarily due to higher revenue-related compensation and continued growth in private banking advisor teams, as well as higher distribution fees.

Assets under management were $4.8 trillion, up 16%, and client assets were $7.1 trillion, up 18%, driven by higher market levels and continued net inflows.

JPMorgan Chase & Co.

News Release

CORPORATE

Results for Corporate 4Q25 1Q25

($ millions) 1Q26 4Q25 1Q25 $ O/(U) O/(U) % $ O/(U) O/(U) %

Net revenue

$ 1,215 $ 1,480 $ 2,304 $ (265) (18) % $ (1,089) (47) %

Noninterest expense 568 648 185 (80) (12) 383 207

Provision for credit losses (1) 4 (19) (5) NM 18 95

Net income

$ 699 $ 307 $ 1,693 $ 392 128 % $ (994) (59) %

Discussion of Results:

Net income was $699 million, down $994 million.

Net revenue was $1.2 billion, down $1.1 billion. Net interest income was $1.0 billion, down $625 million, predominantly driven by the impact of lower rates. Noninterest revenue was $189 million, down $464 million, largely due to the absence of the $588 million First Republic-related gain in the prior year.

Noninterest expense was $568 million, up $383 million, predominantly due to the absence of an FDIC special assessment accrual release in the prior year.

JPMorgan Chase & Co.

News Release

2. Notes on non-GAAP financial measures:

a.The Firm prepares its Consolidated Financial Statements in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”). That presentation, which is referred to as “reported” basis, provides the reader with an understanding of the Firm’s results that can be tracked consistently from year-to-year and enables a comparison of the Firm’s performance with the U.S. GAAP financial statements of other companies. In addition to analyzing the Firm’s results on a reported basis, management reviews Firmwide results, including the overhead ratio, on a “managed” basis; these Firmwide managed basis results are non-GAAP financial measures. The Firm also reviews the results of the lines of business on a managed basis. The Firm’s definition of managed basis starts, in each case, with the reported U.S. GAAP results and includes certain reclassifications to present total net revenue for the Firm as a whole and for each of the reportable business segments and Corporate on a fully taxable-equivalent basis. Accordingly, revenue from investments that receive tax credits and tax-exempt securities is presented in the managed results on a basis comparable to taxable investments and securities. These financial measures allow management to assess the comparability of revenue from year-to-year arising from both taxable and tax-exempt sources. The corresponding income tax impact related to tax-exempt items is recorded within income tax expense. These adjustments have no impact on net income as reported by the Firm as a whole or by each of the lines of business and Corporate. For a reconciliation of the Firm’s results from a reported to managed basis, refer to page 7 of the Earnings Release Financial Supplement.

b.Tangible common equity (“TCE”), return on tangible common equity (“ROTCE”) and tangible book value per share (“TBVPS”) are each non-GAAP financial measures. TCE represents the Firm’s common stockholders’ equity (i.e., total stockholders’ equity less preferred stock) less goodwill and identifiable intangible assets (other than mortgage servicing rights), net of related deferred tax liabilities. For a reconciliation from common stockholders’ equity to TCE, refer to page 10 of the Earnings Release Financial Supplement. ROTCE measures the Firm’s net income applicable to common equity as a percentage of average TCE. TBVPS represents the Firm’s TCE at period-end divided by common shares at period-end. Book value per share was $128.38, $126.99 and $119.24 at March 31, 2026, December 31, 2025 and March 31, 2025, respectively. TCE, ROTCE and TBVPS are utilized by the Firm, as well as investors and analysts, in assessing the Firm’s use of equity.

c.In addition to reviewing net interest income (“NII”) and noninterest revenue (“NIR”) on a managed basis, management also reviews these metrics excluding Markets, which is composed of Fixed Income Markets and Equity Markets. Markets revenue consists of principal transactions, fees, commissions and other income, as well as net interest income. These metrics, which exclude Markets, are non-GAAP financial measures. Management reviews these metrics to assess the performance of the Firm’s lending, investing (including asset-liability management) and deposit-raising activities, apart from any volatility associated with Markets activities. In addition, management also assesses Markets business performance on a total revenue basis as offsets may occur across revenue lines. For example, securities that generate net interest income may be risk-managed by derivatives that are reflected at fair value in principal transactions revenue. Management believes these measures provide investors and analysts with alternative measures to analyze the revenue trends of the Firm. For a reconciliation of NII and NIR from reported to excluding Markets, refer to page 28 of the Earnings Release Financial Supplement. For additional information on Markets revenue, refer to pages 73-74 of the Firm’s 2025 Form 10-K.

JPMorgan Chase & Co.

News Release

Additional notes:

3.Estimated.

4.Estimated. Cash and marketable securities include end-of-period eligible high-quality liquid assets (“HQLA”), excluding regulatory prescribed haircuts under the liquidity coverage ratio (“LCR”) rule where applicable, for both the Firm and the excess HQLA-eligible securities included as part of the excess liquidity at JPMorgan Chase Bank, N.A., which are not transferable to non-bank affiliates and thus excluded from the Firm’s LCR. Also include other end-of-period unencumbered marketable securities, such as equity and debt securities. Does not include borrowing capacity at Federal Home Loan Banks and the discount window at the Federal Reserve Bank. Refer to Liquidity Risk Management on pages 100-107 of the Firm’s 2025 Form 10-K for additional information.

5.Excludes Commercial Card.

6.Users of all mobile platforms who have logged in within the past 90 days.

7.Client deposits and other third party liabilities (“client deposits”) pertain to the Payments and Securities Services businesses.

8.Assets under management (“AUM”).

9.Includes the net impact of employee issuances. Excludes excise tax and commissions.

10.Last twelve months (“LTM”).

11.Credit provided to clients represents new and renewed credit, including loans and lending-related commitments, as well as unused amounts of advised uncommitted lines of credit where the Firm has discretion on whether or not to make a loan under these lines. Credit and capital for corporations and non-U.S. government entities includes Individuals and Individual Entities primarily consisting of Global Private Bank clients within AWM.

JPMorgan Chase & Co.

News Release

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.9 trillion in assets and $364 billion in stockholders’ equity as of March 31, 2026. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers predominantly in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

JPMorgan Chase & Co. will host a conference call today, April 14, 2026, at 8:30 a.m. (ET) to present first-quarter 2026 financial results. The general public can access the conference call by dialing the following numbers: 1 (888) 324-3618 in the U.S. and Canada; +1 (312) 470-7119 for international callers; use passcode 1364784#. Please dial in 15 minutes prior to the start of the call. The live audio webcast and presentation slides will be available on the Firm’s website, www.jpmorganchase.com, under Investor Relations, Events & Presentations.

A replay of the conference call also will be available by telephone beginning at approximately 11:00 a.m. (ET) on April 14, 2026 through 11:59 p.m. (ET) on April 29, 2026 at 1 (800) 841-4034 (U.S. and Canada); +1 (203) 369-3360 (International); use passcode 67371#. The replay will be available via webcast on www.jpmorganchase.com under Investor Relations, Events & Presentations. Additional detailed financial, statistical and business-related information is included in a financial supplement. The earnings release and the financial supplement are available at www.jpmorganchase.com.

This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of JPMorgan Chase & Co.’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause JPMorgan Chase & Co.’s actual results to differ materially from those described in the forward-looking statements can be found in JPMorgan Chase & Co.’s Annual Report on Form 10-K for the year ended December 31, 2025, which has been filed with the Securities and Exchange Commission and is available on JPMorgan Chase & Co.’s website (https://jpmorganchaseco.gcs-web.com/ir/sec-other-filings/overview), and on the Securities and Exchange Commission’s website (www.sec.gov). JPMorgan Chase & Co. does not undertake to update any forward-looking statements.

EX-99.2 — JPMORGAN CHASE & CO. EARNINGS RELEASE FINANCIAL SUPPLEMENT - FIRST QUARTER 2026

EX-99.2

Filename: a1q26erfex992supplement.htm · Sequence: 3

Document

Exhibit 99.2

EARNINGS RELEASE FINANCIAL SUPPLEMENT

FIRST QUARTER 2026

JPMORGAN CHASE & CO.

TABLE OF CONTENTS

Page(s)

Consolidated Results

Consolidated Financial Highlights 2–3

Consolidated Statements of Income 4

Consolidated Balance Sheets 5

Condensed Average Balance Sheets and Annualized Yields 6

Reconciliation from Reported to Managed Basis 7

Segment & Corporate Results - Managed Basis

Capital and Other Selected Balance Sheet Items 9–10

Earnings Per Share and Related Information 11

Business Segment & Corporate Results

Consumer & Community Banking (“CCB”) 12–15

Commercial & Investment Bank (“CIB”) 16–19

Asset & Wealth Management (“AWM”)

20–22

Corporate 23

Credit-Related Information 24-27

Non-GAAP Financial Measures 28

Glossary of Terms and Acronyms (a)

(a) Refer to the Glossary of Terms and Acronyms on pages 320–327 of JPMorgan Chase & Co.’s (the “Firm’s”) Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”).

JPMORGAN CHASE & CO.

CONSOLIDATED FINANCIAL HIGHLIGHTS

(in millions, except per share and ratio data)

QUARTERLY TRENDS

1Q26 Change

SELECTED INCOME STATEMENT DATA 1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

Reported Basis

Total net revenue $ 49,836 $ 45,798 $ 46,427 $ 44,912 $ 45,310 9 % 10 %

Total noninterest expense 26,850 23,983 24,281 23,779 23,597 12 14

Pre-provision profit (a) 22,986 21,815 22,146 21,133 21,713 5 6

Provision for credit losses 2,507 4,655 (f) 3,403 2,849 3,305 (46) (24)

NET INCOME 16,494 13,025 14,393 14,987 14,643 27 13

Managed Basis (b)

Total net revenue 50,536 46,767 47,120 45,680 46,014 8 10

Total noninterest expense 26,850 23,983 24,281 23,779 23,597 12 14

Pre-provision profit (a) 23,686 22,784 22,839 21,901 22,417 4 6

Provision for credit losses 2,507 4,655 (f) 3,403 2,849 3,305 (46) (24)

NET INCOME 16,494 13,025 14,393 14,987 14,643 27 13

EARNINGS PER SHARE DATA

Net income: Basic $ 5.95 $ 4.64 $ 5.08 $ 5.25 $ 5.08 28 17

Diluted 5.94 4.63 5.07 5.24 5.07 28 17

Average shares: Basic 2,716.2 2,735.3 2,762.4 2,788.7 2,819.4 (1) (4)

Diluted 2,720.2 2,740.5 2,767.6 2,793.7 2,824.3 (1) (4)

MARKET AND PER COMMON SHARE DATA

Market capitalization $ 788,205 $ 868,793 $ 858,683 $ 797,181 $ 681,712 (9) 16

Common shares at period-end 2,679.5 2,696.2 2,722.2 2,749.7 2,779.1 (1) (4)

Book value per share 128.38 126.99 124.96 122.51 119.24 1 8

Tangible book value per share (“TBVPS”) (a) 108.87 107.56 105.70 103.40 100.36 1 8

Cash dividends declared per share 1.50 1.50 1.50 1.40 1.40 — 7

FINANCIAL RATIOS (c)

Return on common equity (“ROE”) 19 % 15 % 17 % 18 % 18 %

Return on tangible common equity (“ROTCE”) (a) 23 18 20 21 21

Return on assets 1.41 1.14 1.26 1.35 1.40

CAPITAL RATIOS

Common equity Tier 1 (“CET1”) capital ratio - Standardized (d) 14.3 % (e) 14.6 % 14.8 % 15.1 % 15.4 %

Tier 1 capital ratio - Standardized (d) 15.2 (e) 15.5 15.8 16.1 16.5

Total capital ratio - Standardized (d) 17.1 (e) 17.4 17.7 17.8 18.2

Tier 1 leverage ratio 6.6 (e) 6.9 6.9 6.9 7.2

Supplementary leverage ratio (“SLR”) 5.6 (e) 5.8 5.8 5.9 6.0

On January 7, 2026, JPMorganChase announced that Chase will become the new issuer of Apple Card. The Firm entered into a forward purchase commitment on December 30, 2025 to acquire the Apple credit card portfolio (the “Apple Card transaction”), with an expected closing date approximately 24 months thereafter. Refer to Notes 4, 13, 27 and 28 of the Firm’s 2025 Form 10-K for additional information.

(a)Pre-provision profit, TBVPS and ROTCE are each non-GAAP financial measures. Tangible common equity (“TCE”) is also a non-GAAP financial measure; refer to page 10 for a reconciliation of common stockholders’ equity to TCE. Refer to page 28 for a further discussion of these measures.

(b)Refer to Reconciliation from Reported to Managed Basis on page 7 for a further discussion of managed basis.

(c)Ratios are based upon annualized amounts.

(d)As of March 31, 2026 and December 31, 2025, the Advanced risk-based ratios were more binding on the Firm than the Standardized risk-based ratios. Refer to page 9 for further information on the Firm’s capital metrics.

(e)Estimated.

(f)Included $2.2 billion associated with the Apple Card transaction. Refer to Note 13 of the Firm’s 2025 Form 10-K for additional information.

Page 2

JPMORGAN CHASE & CO.

CONSOLIDATED FINANCIAL HIGHLIGHTS, CONTINUED

(in millions, except ratios, employee data and where otherwise noted)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

SELECTED BALANCE SHEET DATA (period-end)

Total assets $ 4,900,475 $ 4,424,900 $ 4,560,205 $ 4,552,482 $ 4,357,856 11 % 12 %

Loans:

Consumer, excluding credit card loans 391,660 402,258 393,084 394,040 391,138 (3) —

Credit card loans 239,123 247,797 235,475 232,943 223,384 (4) 7

Wholesale loans 872,737 843,374 806,687 785,009 741,173 3 18

Total loans 1,503,520 1,493,429 1,435,246 1,411,992 1,355,695 1 11

Deposits:

U.S. offices:

Noninterest-bearing 595,424 583,342 589,105 591,177 581,623 2 2

Interest-bearing 1,508,682 1,452,729 1,433,404 1,441,905 1,416,585 4 7

Non-U.S. offices:

Noninterest-bearing 43,775 37,057 34,255 29,976 29,856 18 47

Interest-bearing 527,639 486,192 491,712 499,322 467,813 9 13

Total deposits 2,675,520 2,559,320 2,548,476 2,562,380 2,495,877 5 7

Long-term debt 448,764 435,206 427,203 419,802 407,224 3 10

Common stockholders’ equity 343,993 342,393 340,167 336,879 331,375 — 4

Total stockholders’ equity 364,038 362,438 360,212 356,924 351,420 — 4

Loans-to-deposits ratio 56 % 58 % 56 % 55 % 54 %

Employees 320,079 318,512 318,153 317,160 318,477 — 1

95% CONFIDENCE LEVEL - TOTAL VaR

Average VaR (a) $ 37 $ 35 $ 33 $ 42 $ 50 6 (26)

Earnings-at-Risk (in billions) (b)

Parallel shift:

+100 bps shift in rates $ 1.8

(d)

$ 2.1 $ 1.8 $ 1.8 $ 2.2 (14) (17)

-100 bps shift in rates (2.2)

(d)

(2.4) (2.2) (2.0) (2.2) 10 —

LINE OF BUSINESS (“LOB”) & CORPORATE NET REVENUE (c)

Consumer & Community Banking $ 19,568 $ 19,396 $ 19,473 $ 18,847 $ 18,313 1 7

Commercial & Investment Bank 23,379 19,375 19,878 19,535 19,666 21 19

Asset & Wealth Management 6,374 6,516 6,066 5,760 5,731 (2) 11

Corporate 1,215 1,480 1,703 1,538 2,304 (18) (47)

TOTAL NET REVENUE $ 50,536 $ 46,767 $ 47,120 $ 45,680 $ 46,014 8 10

LOB & CORPORATE NET INCOME

Consumer & Community Banking $ 4,976 $ 3,642 $ 5,009 $ 5,169 $ 4,425 37 12

Commercial & Investment Bank 9,044 7,268 6,901 6,650 6,942 24 30

Asset & Wealth Management 1,775 1,808 1,658 1,473 1,583 (2) 12

Corporate 699 307 825 1,695 1,693 128 (59)

NET INCOME $ 16,494 $ 13,025 $ 14,393 $ 14,987 $ 14,643 27 13

(a)Effective April 1, 2025, the Firm refined the historical proxy time series inputs to one of its VaR models to more appropriately reflect the risk exposure from certain securitization warehousing loan positions. With this refined time series, the average Total VaR for the three months ended March 31, 2025 would have been lower by $(5) million. Refer to Commercial & Investment Bank VaR on page 19 for further information.

(b)Earnings-at-risk estimates the Firm’s interest rate exposure for a given interest rate scenario. The Firm’s actual net interest income results may differ compared to the instantaneous rate changes modelled in the earnings-at-risk estimates. Refer to pages 140-141 of the Firm’s 2025 Form 10-K for additional information.

(c)Refer to Reconciliation from Reported to Managed Basis on page 7 for a further discussion of managed basis.

(d)Estimated.

Page 3

JPMORGAN CHASE & CO.

CONSOLIDATED STATEMENTS OF INCOME

(in millions, except per share and ratio data)

QUARTERLY TRENDS

1Q26 Change

REVENUE 1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

Investment banking fees $ 2,858 $ 2,326 $ 2,612 $ 2,499 $ 2,178 23 % 31 %

Principal transactions 7,987 5,340 7,109 7,149 7,614 50 5

Lending- and deposit-related fees 2,394 2,364 2,349 2,248 2,132 1 12

Asset management fees 5,515 5,701 5,120 4,806 4,700 (3) 17

Commissions and other fees 2,482 2,108 2,204 2,194 2,033 18 22

Investment securities gains/(losses)

64 (71) 105 (54) (37) NM NM

Mortgage fees and related income 309 357 383 363 278 (13) 11

Card income 1,190 1,020 1,140 1,344 1,216 17 (2)

Other income 1,671 1,658 1,439 1,154 1,923 1 (13)

Noninterest revenue 24,470 20,803 22,461 21,703 22,037 18 11

Interest income 49,191 48,808 49,439 48,241 46,853 1 5

Interest expense 23,825 23,813 25,473 25,032 23,580 — 1

Net interest income 25,366 24,995 23,966 23,209 23,273 1 9

TOTAL NET REVENUE 49,836 45,798 46,427 44,912 45,310 9 10

Provision for credit losses 2,507 4,655 (d) 3,403 2,849 3,305 (46) (24)

NONINTEREST EXPENSE

Compensation expense 15,339 13,118 13,566 13,710 14,093 17 9

Occupancy expense 1,447 1,475 1,420 1,264 1,302 (2) 11

Technology, communications and equipment expense 3,021 2,908 2,839 2,704 2,578 4 17

Professional and outside services 3,483 3,338 3,173 3,006 2,839 4 23

Marketing 1,604 1,468 1,480 1,279 1,304 9 23

Other expense (a) 1,956 1,676

(e)

1,803 1,816 1,481

(e)

17 32

TOTAL NONINTEREST EXPENSE 26,850 23,983 24,281 23,779 23,597 12 14

Income before income tax expense 20,479 17,160 18,743 18,284 18,408 19 11

Income tax expense 3,985 4,135 4,350 3,297

(f)

3,765 (4) 6

NET INCOME $ 16,494 $ 13,025 $ 14,393 $ 14,987 $ 14,643 27 13

NET INCOME PER COMMON SHARE DATA

Basic earnings per share $ 5.95 $ 4.64 $ 5.08 $ 5.25 $ 5.08 28 17

Diluted earnings per share 5.94 4.63 5.07 5.24 5.07 28 17

FINANCIAL RATIOS

Return on common equity (b) 19 % 15 % 17 % 18 % 18 %

Return on tangible common equity (b)(c) 23 18 20 21 21

Return on assets (b) 1.41 1.14 1.26 1.35 1.40

Effective income tax rate 19.5 24.1 23.2 18.0

(f)

20.5

Overhead ratio 54 52 52 53 52

(a)Included Firmwide legal expense of $223 million, $60 million, $62 million, $118 million and $121 million for the three months ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively.

(b)Ratios are based upon annualized amounts.

(c)Refer to page 28 for a further discussion of ROTCE.

(d)Refer to footnote (f) on page 2 for additional information.

(e)Included FDIC special assessment accrual releases of $326 million and $323 million for the three months ended December 31, 2025 and March 31, 2025, respectively. Refer to Note 6 on page 221 of the Firm’s 2025 Form 10-K for additional information.

(f)Included a $774 million income tax benefit in Corporate driven by the resolution of certain tax audits and the impact of tax regulations related to foreign currency translation gains and losses finalized in 2024 and effective for 2025.

Page 4

JPMORGAN CHASE & CO.

CONSOLIDATED BALANCE SHEETS

(in millions)

Mar 31, 2026

Change

Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, Mar 31,

2026 2025 2025 2025 2025 2025 2025

ASSETS

Cash and due from banks $ 22,039 $ 21,742 $ 21,821 $ 23,759 $ 22,066 1 % — %

Deposits with banks 290,103 321,596 281,615 396,568 403,837 (10) (28)

Federal funds sold and securities purchased under

resale agreements 482,704 336,426 425,815 470,589 429,506 43 12

Securities borrowed 284,524 286,191 248,368 223,976 238,702 (1) 19

Trading assets:

Debt and equity instruments 997,751 745,096 892,928 829,510 814,664 34 22

Derivative receivables 71,584 57,777 59,849 60,346 60,539 24 18

Available-for-sale (“AFS”) securities 549,037 507,198 490,499 (a) 485,380 399,363 8 37

Held-to-maturity (”HTM”) securities 272,142 270,134 293,446 (a) 260,559 265,084 1 3

Investment securities, net of allowance for credit losses 821,179 777,332 783,945 745,939 664,447 6 24

Loans 1,503,520 1,493,429 1,435,246 1,411,992 1,355,695 1 11

Less: Allowance for loan losses 25,928 25,765 25,735 24,953 25,208 1 3

Loans, net of allowance for loan losses 1,477,592 1,467,664 1,409,511 1,387,039 1,330,487 1 11

Accrued interest and accounts receivable

142,334 111,599 141,876 124,463 117,845 28 21

Premises and equipment 36,771 36,244 35,063 33,562 32,811 1 12

Goodwill, MSRs and other intangible assets 64,289 64,458 64,442 64,465 64,525 — —

Other assets 209,605 198,775 194,972 192,266 178,427 5 17

TOTAL ASSETS $ 4,900,475 $ 4,424,900 $ 4,560,205 $ 4,552,482 $ 4,357,856 11 12

LIABILITIES

Deposits $ 2,675,520 $ 2,559,320 $ 2,548,476 $ 2,562,380 $ 2,495,877 5 7

Federal funds purchased and securities loaned or sold

under repurchase agreements 716,623 442,396 567,574 595,340 533,046 62 34

Short-term borrowings 68,048 64,776 69,355 65,293 64,980 5 5

Trading liabilities:

Debt and equity instruments 196,546 169,690 195,859 173,292 149,871 16 31

Derivative payables 51,290 46,329 46,403 48,110 37,232 11 38

Accounts payable and other liabilities 352,561 316,794 316,896 303,641 293,538 11 20

Beneficial interests issued by consolidated VIEs 27,085 27,951 28,227 27,700 24,668 (3) 10

Long-term debt 448,764 435,206 427,203 419,802 407,224 3 10

TOTAL LIABILITIES 4,536,437 4,062,462 4,199,993 4,195,558 4,006,436 12 13

STOCKHOLDERS’ EQUITY

Preferred stock 20,045 20,045 20,045 20,045 20,045 — —

Common stock 4,105 4,105 4,105 4,105 4,105 — —

Additional paid-in capital 90,087 91,114 90,865 90,576 90,223 (1) —

Retained earnings 428,206 416,055 407,401 397,424 386,616 3 11

Accumulated other comprehensive loss (“AOCI”)

(6,689) (4,290) (5,878) (7,243) (9,111) (56) 27

Treasury stock, at cost (171,716) (164,591) (156,326) (147,983) (140,458) (4) (22)

TOTAL STOCKHOLDERS’ EQUITY 364,038 362,438 360,212 356,924 351,420 — 4

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 4,900,475 $ 4,424,900 $ 4,560,205 $ 4,552,482 $ 4,357,856 11 12

(a) During the third quarter of 2025, the Firm transferred $44.1 billion of investment securities from AFS to HTM for asset-liability management purposes.

Page 5

JPMORGAN CHASE & CO.

CONDENSED AVERAGE BALANCE SHEETS AND ANNUALIZED YIELDS

(in millions, except rates)

QUARTERLY TRENDS

1Q26 Change

AVERAGE BALANCES 1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

ASSETS

Deposits with banks $ 312,890 $ 335,623 $ 360,156 $ 405,213 $ 446,044 (7) % (30) %

Federal funds sold and securities purchased under resale agreements 437,916 330,694 424,346 432,714 377,998 32 16

Securities borrowed 286,689 261,877 234,112 234,024 241,003 9 19

Trading assets - debt instruments 682,348 620,465 580,985 562,967 495,143 10 38

Investment securities 802,265 788,922 768,599 727,651 664,970 2 21

Loans 1,486,145 1,461,079 1,417,466 1,380,726 1,339,391 2 11

All other interest-earning assets (a) 127,484 125,164 110,100 102,687 103,835 2 23

Total interest-earning assets 4,135,737 3,923,824 3,895,764 3,845,982 3,668,384 5 13

Trading assets - equity and other instruments 241,307 241,351 264,681 239,996 225,468 — 7

Trading assets - derivative receivables 68,328 57,543 61,842 57,601 59,099 19 16

All other noninterest-earning assets 313,365 306,700 297,658 294,039 282,363 2 11

TOTAL ASSETS $ 4,758,737 $ 4,529,418 $ 4,519,945 $ 4,437,618 $ 4,235,314 5 12

LIABILITIES

Interest-bearing deposits $ 1,991,590 $ 1,949,049 $ 1,913,958 $ 1,902,337 $ 1,842,888 2 8

Federal funds purchased and securities loaned or

sold under repurchase agreements 657,816 517,849 567,920 558,043 465,203 27 41

Short-term borrowings

55,469 56,265 53,755 55,059 49,291 (1) 13

Trading liabilities - debt and all other interest-bearing liabilities (b)

324,559 306,567 314,591 300,126 288,140 6 13

Beneficial interests issued by consolidated VIEs 27,519 27,327 28,884 26,185 25,775 1 7

Long-term debt 367,478 359,910 350,368 348,372 344,945 2 7

Total interest-bearing liabilities 3,424,431 3,216,967 3,229,476 3,190,122 3,016,242 6 14

Noninterest-bearing deposits 611,294 615,559 610,601 602,777 587,417 (1) 4

Trading liabilities - equity and other instruments 57,021 52,059 48,628 44,159 37,671 10 51

Trading liabilities - derivative payables 55,309 47,591 47,926 40,865 41,087 16 35

All other noninterest-bearing liabilities 249,587 236,876 226,934 209,853 208,539 5 20

TOTAL LIABILITIES 4,397,642 4,169,052 4,163,565 4,087,776 3,890,956 5 13

Preferred stock 20,045 20,045 20,045 20,045 20,013 — —

Common stockholders’ equity 341,050 340,321 336,335 329,797 324,345 — 5

TOTAL STOCKHOLDERS’ EQUITY 361,095 360,366 356,380 349,842 344,358 — 5

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 4,758,737 $ 4,529,418 $ 4,519,945 $ 4,437,618 $ 4,235,314 5 12

AVERAGE RATES (c)

INTEREST-EARNING ASSETS

Deposits with banks 3.00 % 3.10 % 3.25 % 3.36 % 3.76 %

Federal funds sold and securities purchased under resale agreements 3.88 4.06 4.24 4.24 4.52

Securities borrowed 3.35 3.55 3.67 3.79 3.88

Trading assets - debt instruments 4.30 4.33 4.30 4.50 4.56

Investment securities 3.69 3.74 3.86 3.85 3.84

Loans 6.57 6.63 6.74 6.71 6.80

All other interest-earning assets (a)(d) 5.79 6.24 7.43 6.87 7.63

Total interest-earning assets 4.83 4.95 5.05 5.04 5.19

INTEREST-BEARING LIABILITIES

Interest-bearing deposits 2.09 2.24 2.41 2.40 2.44

Federal funds purchased and securities loaned or

sold under repurchase agreements 3.79 3.99 4.22 4.29 4.52

Short-term borrowings

3.85 4.01 4.35 4.42 4.40

Trading liabilities - debt and all other interest-bearing liabilities (b) 2.83 2.95 2.92 3.04 2.94

Beneficial interests issued by consolidated VIEs 3.92 4.23 4.58 4.55 4.66

Long-term debt 4.79 4.92 5.16 5.16 5.16

Total interest-bearing liabilities 2.82 2.94 3.13 3.15 3.17

INTEREST RATE SPREAD 2.01 2.01 1.92 1.89 2.02

NET YIELD ON INTEREST-EARNING ASSETS 2.50 2.54 2.45 2.43 2.58

Memo: Net yield on interest-earning assets excluding Markets (e) 3.72 3.76 3.73 3.71 3.80

(a) Includes brokerage-related held-for-investment customer receivables, which are classified in accrued interest and accounts receivable, and all other interest-earning assets, which are classified in other assets, on the Consolidated Balance Sheets.

(b) All other interest-bearing liabilities include brokerage-related customer payables.

(c) Includes the effect of derivatives that qualify for hedge accounting. Taxable-equivalent amounts are used where applicable. Refer to Note 5 of the Firm’s 2025 Form 10-K for additional information on hedge accounting.

(d) The rates reflect the impact of interest earned on cash collateral where the cash collateral has been netted against certain derivative payables.

(e) Net yield on interest-earning assets excluding Markets is a non-GAAP financial measure. Refer to page 28 for a further discussion of this measure.

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JPMORGAN CHASE & CO.

RECONCILIATION FROM REPORTED TO MANAGED BASIS

(in millions, except ratios)

The Firm prepares its Consolidated Financial Statements using accounting principles generally accepted in the U.S. (“U.S. GAAP”). That presentation, which is referred to as “reported” basis, provides the reader with an understanding of the Firm’s results that can be tracked consistently from year-to-year and enables a comparison of the Firm’s performance with other companies’ U.S. GAAP financial statements. In addition to analyzing the Firm’s results on a reported basis, management reviews Firmwide results, including the overhead ratio, on a “managed” basis; these Firmwide managed basis results are non-GAAP financial measures. The Firm also reviews the results of the LOBs on a managed basis. Refer to the notes on Non-GAAP Financial Measures on page 28 for additional information on managed basis.

The following summary table provides a reconciliation from reported U.S. GAAP results to managed basis.

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

OTHER INCOME

Other income - reported $ 1,671 $ 1,658 $ 1,439 $ 1,154 $ 1,923 1 % (13) %

Fully taxable-equivalent adjustments (a) 587 856 588 663 602 (31) (2)

Other income - managed $ 2,258 $ 2,514 $ 2,027 $ 1,817 $ 2,525 (10) (11)

TOTAL NONINTEREST REVENUE

Total noninterest revenue - reported $ 24,470 $ 20,803 $ 22,461 $ 21,703 $ 22,037 18 11

Fully taxable-equivalent adjustments 587 856 588 663 602 (31) (2)

Total noninterest revenue - managed $ 25,057 $ 21,659 $ 23,049 $ 22,366 $ 22,639 16 11

NET INTEREST INCOME

Net interest income - reported $ 25,366 $ 24,995 $ 23,966 $ 23,209 $ 23,273 1 9

Fully taxable-equivalent adjustments (a) 113 113 105 105 102 — 11

Net interest income - managed $ 25,479 $ 25,108 $ 24,071 $ 23,314 $ 23,375 1 9

TOTAL NET REVENUE

Total net revenue - reported $ 49,836 $ 45,798 $ 46,427 $ 44,912 $ 45,310 9 10

Fully taxable-equivalent adjustments 700 969 693 768 704 (28) (1)

Total net revenue - managed $ 50,536 $ 46,767 $ 47,120 $ 45,680 $ 46,014 8 10

PRE-PROVISION PROFIT

Pre-provision profit - reported $ 22,986 $ 21,815 $ 22,146 $ 21,133 $ 21,713 5 6

Fully taxable-equivalent adjustments 700 969 693 768 704 (28) (1)

Pre-provision profit - managed $ 23,686 $ 22,784 $ 22,839 $ 21,901 $ 22,417 4 6

INCOME BEFORE INCOME TAX EXPENSE

Income before income tax expense - reported $ 20,479 $ 17,160 $ 18,743 $ 18,284 $ 18,408 19 11

Fully taxable-equivalent adjustments 700 969 693 768 704 (28) (1)

Income before income tax expense - managed $ 21,179 $ 18,129 $ 19,436 $ 19,052 $ 19,112 17 11

INCOME TAX EXPENSE

Income tax expense - reported $ 3,985 $ 4,135 $ 4,350 $ 3,297 $ 3,765 (4) 6

Fully taxable-equivalent adjustments 700 969 693 768 704 (28) (1)

Income tax expense - managed $ 4,685 $ 5,104 $ 5,043 $ 4,065 $ 4,469 (8) 5

OVERHEAD RATIO

Overhead ratio - reported 54 % 52 % 52 % 53 % 52 %

Overhead ratio - managed 53 51 52 52 51

(a)For other income, recognized in CIB, and for net interest income, predominantly recognized in CIB and Corporate.

Page 7

JPMORGAN CHASE & CO.

SEGMENT & CORPORATE RESULTS - MANAGED BASIS

(in millions)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

TOTAL NET REVENUE (fully taxable-equivalent (“FTE”))

Consumer & Community Banking $ 19,568 $ 19,396 $ 19,473 $ 18,847 $ 18,313 1 % 7 %

Commercial & Investment Bank

23,379 19,375 19,878 19,535 19,666 21 19

Asset & Wealth Management 6,374 6,516 6,066 5,760 5,731 (2) 11

Corporate 1,215 1,480 1,703 1,538 2,304 (18) (47)

TOTAL NET REVENUE $ 50,536 $ 46,767 $ 47,120 $ 45,680 $ 46,014 8 10

TOTAL NONINTEREST EXPENSE

Consumer & Community Banking $ 10,979 $ 10,256 $ 10,296 $ 9,858 $ 9,857 7 11

Commercial & Investment Bank

11,136 9,011 9,722 9,641 9,842 24 13

Asset & Wealth Management 4,167 4,068 3,818 3,733 3,713 2 12

Corporate 568 648 445 547 185 (12) 207

TOTAL NONINTEREST EXPENSE $ 26,850 $ 23,983 $ 24,281 $ 23,779 $ 23,597 12 14

PRE-PROVISION PROFIT

Consumer & Community Banking $ 8,589 $ 9,140 $ 9,177 $ 8,989 $ 8,456 (6) 2

Commercial & Investment Bank

12,243 10,364 10,156 9,894 9,824 18 25

Asset & Wealth Management 2,207 2,448 2,248 2,027 2,018 (10) 9

Corporate 647 832 1,258 991 2,119 (22) (69)

PRE-PROVISION PROFIT $ 23,686 $ 22,784 $ 22,839 $ 21,901 $ 22,417 4 6

PROVISION FOR CREDIT LOSSES

Consumer & Community Banking $ 2,050 $ 4,244 $ 2,538 $ 2,082 $ 2,629 (52) (22)

Commercial & Investment Bank

482 405 809 696 705 19 (32)

Asset & Wealth Management (24) 2 59 46 (10) NM (140)

Corporate (1) 4 (3) 25 (19) NM 95

PROVISION FOR CREDIT LOSSES $ 2,507 $ 4,655 $ 3,403 $ 2,849 $ 3,305 (46) (24)

NET INCOME

Consumer & Community Banking $ 4,976 $ 3,642 $ 5,009 $ 5,169 $ 4,425 37 12

Commercial & Investment Bank

9,044 7,268 6,901 6,650 6,942 24 30

Asset & Wealth Management 1,775 1,808 1,658 1,473 1,583 (2) 12

Corporate 699 307 825 1,695 1,693 128 (59)

TOTAL NET INCOME $ 16,494 $ 13,025 $ 14,393 $ 14,987 $ 14,643 27 13

Page 8

JPMORGAN CHASE & CO.

CAPITAL AND OTHER SELECTED BALANCE SHEET ITEMS

(in millions, except ratio data)

Mar 31, 2026

Change

Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, Mar 31,

2026 2025 2025 2025 2025 2025 2025

CAPITAL

Risk-based capital metrics

Standardized

CET1 capital $ 291,090 (b) $ 288,469 $ 287,297 $ 283,854 $ 279,791 1 % 4 %

Tier 1 capital 310,253 (b) 307,630 306,599 303,189 299,132 1 4

Total capital 349,894 (b) 343,843 343,215 335,307 330,533 2 6

Risk-weighted assets 2,041,683 (b) 1,981,692 1,935,868 1,882,718 1,815,045 3 12

CET1 capital ratio 14.3 % (b) 14.6 % 14.8 % 15.1 % 15.4 %

Tier 1 capital ratio 15.2 (b) 15.5 15.8 16.1 16.5

Total capital ratio 17.1 (b) 17.4 17.7 17.8 18.2

Advanced

CET1 capital $ 291,090 (b) $ 288,469 $ 287,297 $ 283,854 $ 279,791 1 4

Tier 1 capital 310,253 (b) 307,630 306,599 303,189 299,132 1 4

Total capital 334,305 (b) 328,962 328,356 320,809 316,529 2 6

Risk-weighted assets 2,063,578 (b)(c) 2,045,249 1,932,404 1,873,142 1,799,055 1 15

CET1 capital ratio 14.1 %

(b)

14.1 % 14.9 % 15.2 % 15.6 %

Tier 1 capital ratio 15.0

(b)

15.0 15.9 16.2 16.6

Total capital ratio 16.2

(b)

16.1 17.0 17.1 17.6

Leverage-based capital metrics

Adjusted average assets (a) $ 4,702,917 (b) $ 4,472,394 $ 4,464,441 $ 4,382,220 $ 4,180,147 5 13

Tier 1 leverage ratio 6.6 % (b) 6.9 % 6.9 % 6.9 % 7.2 %

Total leverage exposure $ 5,576,092 (b) $ 5,302,001 $ 5,272,950 $ 5,161,360 $ 4,953,480 5 13

SLR 5.6 % (b) 5.8 % 5.8 % 5.9 % 6.0 %

Total Loss-Absorbing Capacity (“TLAC”)

Eligible external TLAC $ 572,078 (b) $ 563,743 $ 567,557 $ 559,897 $ 558,303 1 2

MEMO: CET1 CAPITAL ROLLFORWARD

Standardized/Advanced CET1 capital, beginning balance $ 288,469 $ 287,297 $ 283,854 $ 279,791 $ 275,513 — 5

Net income applicable to common equity 16,218 12,745 14,111 14,705 14,388 27 13

Dividends declared on common stock (4,067) (4,091) (4,134) (3,897) (3,938) 1 (3)

Net purchase of treasury stock (7,125) (8,265) (8,343) (7,525) (6,440) 14 (11)

Changes in additional paid-in capital (1,027) 249 289 353 (688) NM (49)

Changes related to AOCI applicable to capital:

Unrealized gains/(losses) on investment securities (2,401) 1,295 1,509 (188) 953 NM NM

Translation adjustments, net of hedges (167) (6) (12) 868 489 NM NM

Fair value hedges 41 7 37 (8) 28 486 46

Defined benefit pension and other postretirement employee benefit plans 4 619 4 (28) (16) (99) NM

Changes related to other CET1 capital adjustments 1,145 (b) (1,381) (18) (217) (498) NM NM

Change in Standardized/Advanced CET1 capital 2,621 (b) 1,172 3,443 4,063 4,278 124 (39)

Standardized/Advanced CET1 capital, ending balance $ 291,090 (b) $ 288,469 $ 287,297 $ 283,854 $ 279,791 1 4

(a)Adjusted average assets, for purposes of calculating the leverage ratios, includes quarterly average assets adjusted for on-balance sheet assets that are subject to deduction from Tier 1 capital, predominantly goodwill (inclusive of estimated equity method goodwill) and other intangible assets.

(b)Estimated.

(c)As of March 31, 2026, reflects the updated impact to the amount of risk-weighted assets (“RWA”) resulting from the completion of the necessary modeling steps for the Apple Card transaction of approximately $30 billion, as compared to the impact of approximately $110 billion as of December 31, 2025. Refer to Capital Risk Management on pages 89-99 of the Firm’s 2025 Form 10-K for additional information.

Page 9

JPMORGAN CHASE & CO.

CAPITAL AND OTHER SELECTED BALANCE SHEET ITEMS, CONTINUED

(in millions, except ratio data)

Mar 31, 2026

Change

Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, Mar 31,

2026 2025 2025 2025 2025 2025 2025

TANGIBLE COMMON EQUITY (period-end) (a)

Common stockholders’ equity $ 343,993 $ 342,393 $ 340,167 $ 336,879 $ 331,375 — % 4 %

Less: Goodwill 52,706 52,731 52,717 52,747 52,621 — —

Less: Other intangible assets 2,490 2,560 2,615 2,722 2,777 (3) (10)

Add: Certain deferred tax liabilities (b) 2,911 2,916 2,906 2,923 2,928 — (1)

Total tangible common equity $ 291,708 $ 290,018 $ 287,741 $ 284,333 $ 278,905 1 5

TANGIBLE COMMON EQUITY (average) (a)

Common stockholders’ equity $ 341,050 $ 340,321 $ 336,335 $ 329,797 $ 324,345 — 5

Less: Goodwill 52,737 52,703 52,731 52,692 52,581 — —

Less: Other intangible assets 2,518 2,574 2,678 2,741 2,830 (2) (11)

Add: Certain deferred tax liabilities (b) 2,915 2,903 2,917 2,926 2,938 — (1)

Total tangible common equity $ 288,710 $ 287,947 $ 283,843 $ 277,290 $ 271,872 — 6

INTANGIBLE ASSETS (period-end)

Goodwill $ 52,706 $ 52,731 $ 52,717 $ 52,747 $ 52,621 — —

Mortgage servicing rights 9,093 9,167 9,110 8,996 9,127 (1) —

Other intangible assets 2,490 2,560 2,615 2,722 2,777 (3) (10)

Total intangible assets $ 64,289 $ 64,458 $ 64,442 $ 64,465 $ 64,525 — —

(a)Refer to page 28 for further discussion of TCE.

(b)Represents deferred tax liabilities related to tax-deductible goodwill and to identifiable intangibles created in nontaxable transactions, which are netted against goodwill and other intangibles when calculating TCE.

Page 10

JPMORGAN CHASE & CO.

EARNINGS PER SHARE AND RELATED INFORMATION

(in millions, except per share and ratio data)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

EARNINGS PER SHARE

Basic earnings per share

Net income $ 16,494 $ 13,025 $ 14,393 $ 14,987 $ 14,643 27 % 13 %

Less: Preferred stock dividends 276 280 282 282 255 (1) 8

Net income applicable to common equity 16,218 12,745 14,111 14,705 14,388 27 13

Less: Dividends and undistributed earnings allocated to

participating securities 70 56 68 75 71 25 (1)

Net income applicable to common stockholders $ 16,148 $ 12,689 $ 14,043 $ 14,630 $ 14,317 27 13

Total weighted-average basic shares outstanding 2,716.2 2,735.3 2,762.4 2,788.7 2,819.4 (1) (4)

Net income per share $ 5.95 $ 4.64 $ 5.08 $ 5.25 $ 5.08 28 17

Diluted earnings per share

Net income applicable to common stockholders $ 16,148 $ 12,689 $ 14,043 $ 14,630 $ 14,317 27 13

Total weighted-average basic shares outstanding 2,716.2 2,735.3 2,762.4 2,788.7 2,819.4 (1) (4)

Add: Dilutive impact of unvested performance share units

(“PSUs”), nondividend-earning restricted stock units

(“RSUs”) and stock appreciation rights (“SARs”) 4.0 5.2 5.2 5.0 4.9 (23) (18)

Total weighted-average diluted shares outstanding 2,720.2 2,740.5 2,767.6 2,793.7 2,824.3 (1) (4)

Net income per share $ 5.94 $ 4.63 $ 5.07 $ 5.24 $ 5.07 28 17

COMMON DIVIDENDS

Cash dividends declared per share

$ 1.50 $ 1.50 $ 1.50

(c)

$ 1.40 $ 1.40

— 7

Dividend payout ratio 25 % 32 % 29 % 27 % 27 %

COMMON SHARE REPURCHASE PROGRAM (a)

Total shares of common stock repurchased 27.5 26.7 28.0 29.8 30.0 3 (8)

Average price paid per share of common stock $ 302.75 $ 309.81 $ 297.10 $ 251.67 $ 252.50 (2) 20

Aggregate repurchases of common stock 8,328 8,262 8,315 7,500 7,563 1 10

EMPLOYEE ISSUANCE

Shares issued from treasury stock related to employee

stock-based compensation awards and employee stock

purchase plans 10.8 0.7 0.4 0.4 11.5 NM (6)

Net impact of employee issuances on stockholders’ equity (b)

$ 221 $ 322 $ 339 $ 419 $ 476 (31) (54)

(a)The Firm’s Board of Directors has authorized a common share repurchase program of up to $50 billion, effective July 1, 2025, which replaced the previous program that commenced in the third quarter of 2024 and authorized repurchases of up to $30 billion.

(b)The net impact of employee issuances on stockholders’ equity is driven by the cost of equity compensation awards that is recognized over the applicable vesting periods. The cost is partially offset by tax impacts related to the distribution of shares.

(c)On September 16, 2025, the Board of Directors declared quarterly common stock dividends of $1.50 per share.

Page 11

JPMORGAN CHASE & CO.

CONSUMER & COMMUNITY BANKING

FINANCIAL HIGHLIGHTS

(in millions, except ratio data)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

INCOME STATEMENT

REVENUE

Lending- and deposit-related fees $ 947 $ 973 $ 969 $ 888 $ 839 (3) % 13 %

Asset management fees 1,303 1,277 1,189 1,110 1,093 2 19

Mortgage fees and related income 303 344 372 347 263 (12) 15

Card income 592 376 514 687 653 57 (9)

All other income (a) 1,685 1,585 1,573 1,420 1,323 6 27

Noninterest revenue 4,830 4,555 4,617 4,452 4,171 6 16

Net interest income 14,738 14,841 14,856 14,395 14,142 (1) 4

TOTAL NET REVENUE 19,568 19,396 19,473 18,847 18,313 1 7

Provision for credit losses 2,050 4,244 (e) 2,538 2,082 2,629 (52) (22)

NONINTEREST EXPENSE

Compensation expense (b) 4,622 4,392 4,357 4,260 4,375 5 6

Noncompensation expense (b)(c) 6,357 5,864 5,939 5,598 5,482 8 16

TOTAL NONINTEREST EXPENSE 10,979 10,256 10,296 9,858 9,857 7 11

Income before income tax expense 6,539 4,896 6,639 6,907 5,827 34 12

Income tax expense 1,563 1,254 1,630 1,738 1,402 25 11

NET INCOME $ 4,976 $ 3,642 $ 5,009 $ 5,169 $ 4,425 37 12

REVENUE BY BUSINESS

Banking & Wealth Management $ 10,577 $ 10,870 $ 11,040 $ 10,698 $ 10,254 (3) 3

Home Lending 1,232 1,249 1,260 1,250 1,207 (1) 2

Card Services & Auto 7,759 7,277 7,173 6,899 6,852 7 13

MORTGAGE FEES AND RELATED INCOME DETAILS

Production revenue 178 188 173 151 110 (5) 62

Net mortgage servicing revenue (d) 125 156 199 196 153 (20) (18)

Mortgage fees and related income $ 303 $ 344 $ 372 $ 347 $ 263 (12) 15

FINANCIAL RATIOS

ROE 32 % 25 % 35 % 36 % 31 %

Overhead ratio 56 53 53 52 54

(a)Primarily includes operating lease income and commissions and other fees. Operating lease income was $1.2 billion, $1.1 billion, $987 million, $896 million and $824 million for the three months ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively.

(b)In the first quarter of 2026, Risk functions that were previously aligned with the LOBs were centralized into Corporate. As a result, the employees and compensation expense related to those functions are now reflected in Corporate, and a corresponding expense allocation from Corporate is reflected in noncompensation expense of the respective LOBs. These adjustments had no impact on total noninterest expense of the LOBs or Corporate. Prior periods have been revised to conform with the current presentation.

(c)Included depreciation expense on leased assets of $756 million, $670 million, $649 million, $577 million and $499 million for the three months ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively.

(d)Included MSR risk management results of $(15) million, $7 million, $55 million, $47 million and $9 million for the three months ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively.

(e)Refer to footnote (f) on page 2 for additional information.

Page 12

JPMORGAN CHASE & CO.

CONSUMER & COMMUNITY BANKING

FINANCIAL HIGHLIGHTS, CONTINUED

(in millions, except employee data)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

SELECTED BALANCE SHEET DATA (period-end)

Total assets $ 656,051 $ 664,669 $ 652,275 $ 652,379 $ 636,105 (1) % 3 %

Loans:

Banking & Wealth Management

32,992 33,005 33,259 33,749 33,098 — —

Home Lending (a)

238,571 240,724 240,633 241,618 241,427 (1) (1)

Card Services 239,065 247,753 235,491 233,051 223,517 (4) 7

Auto 70,958 70,585 71,095 72,182 72,116 1 (2)

Total loans 581,586 592,067 580,478 580,600 570,158 (2) 2

Deposits 1,112,078 1,072,792 1,058,388 1,063,137 1,080,138 4 3

Equity 61,500 56,000 56,000 56,000 56,000 10 10

SELECTED BALANCE SHEET DATA (average)

Total assets $ 655,977 $ 654,851 $ 650,277 $ 642,284 $ 639,664 — 3

Loans:

Banking & Wealth Management 33,038 32,916 33,351 33,536 33,160 — —

Home Lending (b)

240,429 241,701 241,772 242,665 244,282 (1) (2)

Card Services 239,153 239,335 234,412 228,446 224,493 — 7

Auto 70,208 70,693 70,895 71,410 72,462 (1) (3)

Total loans 582,828 584,645 580,430 576,057 574,397 — 1

Deposits 1,075,951 1,056,819 1,058,025 1,060,363 1,053,677 2 2

Equity 61,500 56,000 56,000 56,000 56,000 10 10

Employees (c)

143,869 142,586 142,600 143,198 143,778 1 —

(a)At March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, Home Lending loans held-for-sale and loans at fair value were $11.3 billion, $11.0 billion, $9.4 billion, $8.9 billion and $6.4 billion, respectively.

(b)Average Home Lending loans held-for sale and loans at fair value were $11.8 billion, $11.2 billion, $10.1 billion, $8.9 billion and $7.5 billion for the three months ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively.

(c)Refer to footnote (b) on page 12 for further information on the centralization of Risk functions.

Page 13

JPMORGAN CHASE & CO.

CONSUMER & COMMUNITY BANKING

FINANCIAL HIGHLIGHTS, CONTINUED

(in millions, except ratio data)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

CREDIT DATA AND QUALITY STATISTICS

Nonaccrual loans (a)

$ 3,493 $ 3,484 $ 3,596 $ 3,891 $ 3,266 — % 7 %

Net charge-offs/(recoveries)

Banking & Wealth Management 85 72 85 102 97 18 (12)

Home Lending (15) (12) (63) (21) (26) (25) 42

Card Services 2,044 1,897 1,860 1,938 1,983 8 3

Auto 81 87 81 67 100 (7) (19)

Total net charge-offs/(recoveries) $ 2,195 $ 2,044 $ 1,963 $ 2,086 $ 2,154 7 2

Net charge-off/(recovery) rate

Banking & Wealth Management

1.04 % 0.87 % 1.01 % 1.22 % 1.19 %

Home Lending (0.03) (0.02) (0.11) (0.04) (0.04)

Card Services 3.47 3.14 3.15 3.40 3.58

Auto 0.47 0.49 0.46 0.38 0.56

Total net charge-off/(recovery) rate 1.56 1.41 1.37 1.48 1.54

30+ day delinquency rate

Home Lending (b)

0.88 % 0.86 % 0.89 % 0.93 % 1.04 %

Card Services 2.17 2.16 2.14 2.06 2.21

Auto 1.09 1.33 (d) 1.17 1.12 1.20

90+ day delinquency rate - Card Services 1.15 1.10 1.07 1.07 1.16

Allowance for credit losses:

Allowance for loan losses

Banking & Wealth Management $ 765 $ 765 $ 765 $ 790 $ 794 — (4)

Home Lending 507 647 647 547 557 (22) (9)

Card Services 15,563 15,558 15,558 15,008 15,008 — 4

Auto 587 587 587 637 637 — (8)

Total allowance for loan losses 17,422 17,557 17,557 16,982 16,996 (1) 3

Allowance for lending-related commitments (c) 2,280 2,290 90 90 81 — NM

Total allowance for credit losses

$ 19,702 $ 19,847 $ 17,647 $ 17,072 $ 17,077 (1) 15

(a)Excludes mortgage loans past due and insured by U.S. government agencies, which are primarily 90 or more days past due. These loans have been excluded based upon the government guarantee. At March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, mortgage loans 90 or more days past due and insured by U.S. government agencies were $68 million, $70 million, $65 million, $68 million and $81 million, respectively. In addition, the Firm’s policy is generally to exempt credit card loans from being placed on nonaccrual status as permitted by regulatory guidance.

(b)At March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, excluded mortgage loans 30 or more days past due and insured by U.S. government agencies of $92 million, $102 million, $95 million, $99 million and $114 million, respectively. These amounts have been excluded based upon the government guarantee.

(c)As of December 31, 2025, includes the impact of the Apple Card transaction. Refer to footnote (f) on page 2 for additional information.

(d)Prior-period rate has been revised to conform with the presentation in the Firm’s 2025 Form 10-K.

Page 14

JPMORGAN CHASE & CO.

CONSUMER & COMMUNITY BANKING

FINANCIAL HIGHLIGHTS, CONTINUED

(in millions, except ratio data and where otherwise noted)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

BUSINESS METRICS

Number of:

Branches 5,095 5,083 5,018 4,994 4,972 — % 2 %

Active digital customers (in thousands) (a) 76,246 74,646 74,041 73,014 72,480 2 5

Active mobile customers (in thousands) (b) 62,960 61,736 60,924 59,898 59,036 2 7

Debit and credit card sales volume (in billions) $ 487.6 $ 512.5 $ 492.3 $ 487.2 $ 448.7 (5) 9

Total payments transaction volume (in trillions) (c) 1.8 1.8 1.8 1.8 1.6 — 13

Banking & Wealth Management

Average deposits $ 1,059,463 $ 1,039,621 $ 1,040,402 $ 1,044,158 $ 1,038,964 2 2

Deposit margin 2.63 % 2.72 % 2.79 % 2.76 % 2.69 %

Business Banking average loans $ 18,578 $ 18,747 $ 18,922 $ 19,217 $ 19,474 (1) (5)

Business Banking origination volume 733 691 824 893 815 6 (10)

Client investment assets (d) 1,272,180 1,269,883 1,232,390 1,155,017 1,079,833 — 18

Number of client advisors 6,243 6,049 6,025 5,948 5,860 3 7

Home Lending (in billions)

Mortgage origination volume by channel

Retail $ 8.7 $ 10.4 $ 8.4 $ 8.7 $ 5.5 (16) 58

Correspondent 5.0 5.6 5.5 4.8 3.9 (11) 28

Total mortgage origination volume (e) $ 13.7 $ 16.0 $ 13.9 $ 13.5 $ 9.4 (14) 46

Third-party mortgage loans serviced (period-end) 656.4 661.9 663.6 653.3 661.6 (1) (1)

MSR carrying value (period-end) 9.1 9.1 9.1 9.0 9.1 — —

Card Services

Sales volume, excluding commercial card (in billions) $ 337.6 $ 359.7 $ 344.4 $ 340.0 $ 310.6 (6) 9

Net revenue rate 10.78 % 9.86 % 10.03 % 10.06 % 10.38 %

Net yield on average loans 10.85 10.40 10.28 10.04 10.31

Auto

Loan and lease origination volume (in billions) $ 10.4 $ 10.8 $ 12.0 $ 11.3 $ 10.7 (4) (3)

Average auto operating lease assets 20,398 18,893 16,986 15,218 13,641 8 50

(a)Users of all web and/or mobile platforms who have logged in within the past 90 days.

(b)Users of all mobile platforms who have logged in within the past 90 days.

(c)Total payments transaction volume includes debit and credit card sales volume and gross outflows of ACH, ATM, teller, wires, BillPay, PayChase, Zelle, person-to-person and checks.

(d)Includes assets invested in managed accounts and J.P. Morgan mutual funds where AWM is the investment manager. Refer to AWM segment results on pages 20-22 for additional information.

(e)Firmwide mortgage origination volume was $16.6 billion, $19.0 billion, $16.9 billion, $16.3 billion and $11.2 billion for the three months ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively.

Page 15

JPMORGAN CHASE & CO.

COMMERCIAL & INVESTMENT BANK

FINANCIAL HIGHLIGHTS

(in millions, except ratio data)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

INCOME STATEMENT

REVENUE

Investment banking fees $ 2,883 $ 2,347 $ 2,627 $ 2,513 $ 2,248 23 % 28 %

Principal transactions 7,897 5,419 7,090 7,109 7,608 46 4

Lending- and deposit-related fees 1,394 1,336 1,315 1,296 1,230 4 13

Commissions and other fees 1,714 1,562 1,493 1,493 1,437 10 19

Card income 585 627 613 645 551 (7) 6

All other income 917 1,063 660 736 748 (14) 23

Noninterest revenue 15,390 12,354 13,798 13,792 13,822 25 11

Net interest income 7,989 7,021 6,080 5,743 5,844 14 37

TOTAL NET REVENUE (a) 23,379 19,375 19,878 19,535 19,666 21 19

Provision for credit losses 482 405 809 696 705 19 (32)

NONINTEREST EXPENSE

Compensation expense (b)

5,740 3,940 4,662 4,815 5,127 46 12

Noncompensation expense (b)

5,396 5,071 5,060 4,826 4,715 6 14

TOTAL NONINTEREST EXPENSE 11,136 9,011 9,722 9,641 9,842 24 13

Income before income tax expense 11,761 9,959 9,347 9,198 9,119 18 29

Income tax expense 2,717 2,691 2,446 2,548 2,177 1 25

NET INCOME $ 9,044 $ 7,268 $ 6,901 $ 6,650 $ 6,942 24 30

FINANCIAL RATIOS

ROE 21 % 19 % 18 % 17 % 18 %

Overhead ratio 48 47 49 49 50

Compensation expense as percentage of total net revenue (b) 25 20 23 25 26

REVENUE BY BUSINESS

Investment Banking $ 3,136 $ 2,552 $ 2,694 $ 2,684 $ 2,268 23 38

Payments 5,123 5,114 4,917 4,735 4,565 — 12

Lending 2,166 1,985 1,872 1,829 1,915 9 13

Other — — — — 6 — NM

Total Banking & Payments 10,425 9,651 9,483 9,248 8,754 8 19

Fixed Income Markets 7,078 5,380 5,613 5,690 5,849 32 21

Equity Markets 4,481 2,859 3,331 3,246 3,814 57 17

Securities Services 1,499 1,489 1,423 1,418 1,269 1 18

Credit Adjustments & Other (c) (104) (4) 28 (67) (20) NM (420)

Total Markets & Securities Services 12,954 9,724 10,395 10,287 10,912 33 19

TOTAL NET REVENUE $ 23,379 $ 19,375 $ 19,878 $ 19,535 $ 19,666 21 19

Banking & Payments revenue by client coverage segment (d)

Global Corporate Banking & Global Investment Banking (e) $ 7,265 $ 6,493 $ 6,544 $ 6,319 $ 5,929 12 % 23 %

Commercial Banking 3,160 3,158 2,939 2,929 2,825 — 12

Commercial & Specialized Industries 2,280 2,245 2,038 2,067 1,956 2 17

Commercial Real Estate Banking 880 913 901 862 869 (4) 1

Total Banking & Payments revenue $ 10,425 $ 9,651 $ 9,483 $ 9,248 $ 8,754 8 19

(a)Included taxable-equivalent adjustments primarily from income tax credits from investments in alternative energy, affordable housing and new markets, income from tax-exempt securities and loans, and the related amortization and other tax benefits of the investments in alternative energy and affordable housing of $646 million, $920 million, $644 million, $722 million and $658 million for the three months ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively.

(c)Consists primarily of centrally managed credit valuation adjustments (“CVA”), funding valuation adjustments (“FVA”) on derivatives, other valuation adjustments, and certain components of fair value option elected liabilities, which are primarily reported in principal transactions revenue. Results are presented net of associated hedging activities and net of CVA and FVA amounts allocated to Fixed Income Markets and Equity Markets.

(d)Refer to page 70 of the Firm’s 2025 Form 10-K for a description of each of the client coverage segments.

(e)In the second quarter of 2025, amounts were reclassified from Other to Global Corporate Banking & Global Investment Banking reflecting the subsequent alignment of certain business activities after the Firm’s Business Segment reorganization in the second quarter of 2024. Prior-period amounts have been revised to conform with the current presentation.

Page 16

JPMORGAN CHASE & CO.

COMMERCIAL & INVESTMENT BANK

FINANCIAL HIGHLIGHTS, CONTINUED

(in millions, except ratio and employee data)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

SELECTED BALANCE SHEET DATA (period-end)

Total assets $ 2,626,846 $ 2,142,534 $ 2,328,000 $ 2,260,825 $ 2,174,123 23 % 21 %

Loans:

Loans retained 576,917 558,528 538,016 526,174 497,657 3 16

Loans held-for-sale and loans at fair value (a) 67,022 73,508 56,057 57,659 48,201 (9) 39

Total loans

643,939 632,036 594,073 583,833 545,858 2 18

Equity 166,500 149,500 149,500 149,500 149,500 11 11

Banking & Payments loans by client coverage segment (period-end) (b)

Global Corporate Banking & Global Investment Banking (c) $ 158,989 $ 146,079 $ 132,560 $ 133,017 $ 121,776 9 31

Commercial Banking 224,253 222,139 222,464 222,044 219,220 1 2

Commercial & Specialized Industries 77,425 75,865 76,010 75,859 74,334 2 4

Commercial Real Estate Banking 146,828 146,274 146,454 146,185 144,886 — 1

Total Banking & Payments loans 383,242 368,218 355,024 355,061 340,996 4 12

SELECTED BALANCE SHEET DATA (average)

Total assets $ 2,497,393 $ 2,260,671 $ 2,266,445 $ 2,205,619 $ 2,045,105 10 22

Trading assets - debt and equity instruments 874,262 815,438 796,017 758,113 685,039 7 28

Trading assets - derivative receivables 67,591 56,598 61,132 56,815 58,987 19 15

Loans:

Loans retained 558,751 546,219 528,135 511,562 482,304 2 16

Loans held-for-sale and loans at fair value (a) 73,588 66,415 55,545 50,287 46,422 11 59

Total loans 632,339 612,634 583,680 561,849 528,726 3 20

Deposits 1,234,295 1,226,155 1,194,410 1,170,063 1,106,158 1 12

Equity 166,500 149,500 149,500 149,500 149,500 11 11

Banking & Payments loans by client coverage segment (average) (b)

Global Corporate Banking & Global Investment Banking (c) $ 151,120 $ 138,491 $ 132,101 $ 125,554 $ 121,387 9 24

Commercial Banking 222,897 222,216 221,534 219,886 218,560 — 2

Commercial & Specialized Industries 76,610 75,620 75,270 74,384 73,629 1 4

Commercial Real Estate Banking 146,287 146,596 146,264 145,502 144,931 — 1

Total Banking & Payments loans 374,017 360,707 353,635 345,440 339,947 4 10

Employees (d) 91,493 91,355 90,895 89,882 89,415 — 2

(a)Loans held-for-sale and loans at fair value primarily reflect lending-related positions originated and purchased in Markets, including loans held for securitization.

(b)Refer to page 70 of the Firm’s 2025 Form 10-K for a description of each of the client coverage segments.

(c)In the second quarter of 2025, amounts were reclassified from Other to Global Corporate Banking & Global Investment Banking reflecting the subsequent alignment of certain business activities after the Firm’s Business Segment reorganization in the second quarter of 2024. Prior-period amounts have been revised to conform with the current presentation.

(d)Refer to footnote (b) on page 16 for further information on the centralization of Risk functions.

Page 17

JPMORGAN CHASE & CO.

COMMERCIAL & INVESTMENT BANK

FINANCIAL HIGHLIGHTS, CONTINUED

(in millions, except ratio and employee data)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

CREDIT DATA AND QUALITY STATISTICS

Net charge-offs/(recoveries) $ 120 $ 440 $ 567 $ 325 $ 177 (73) % (32) %

Nonperforming assets:

Nonaccrual loans:

Nonaccrual loans retained (a) 3,855 3,641 4,033 3,678 3,413 6 13

Nonaccrual loans held-for-sale and loans at fair value (b) 1,192 1,518 1,338 1,207 1,255 (21) (5)

Total nonaccrual loans 5,047 5,159 5,371 4,885 4,668 (2) 8

Derivative receivables 174 204 224 349 169 (15) 3

Assets acquired in loan satisfactions 176 192 197 208 211 (8) (17)

Total nonperforming assets 5,397 5,555 5,792 5,442 5,048 (3) 7

Allowance for credit losses:

Allowance for loan losses 7,947 7,632 7,609 7,408 7,680 4 3

Allowance for lending-related commitments 2,777 2,738 2,798 2,757 2,113 1 31

Total allowance for credit losses 10,724 10,370 10,407 10,165 9,793 3 10

Net charge-off/(recovery) rate (c) 0.09 % 0.32 % 0.43 % 0.25 % 0.15 %

Allowance for loan losses to period-end loans retained 1.38 1.37 1.41 1.41 1.54

Allowance for loan losses to nonaccrual loans retained (a) 206 210 189 201 225

Nonaccrual loans to total period-end loans 0.78 0.82 0.90 0.84 0.86

(a)Allowance for loan losses of $740 million, $597 million, $724 million, $655 million and $566 million were held against these nonaccrual loans at March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively.

(b)Excludes mortgage loans past due and insured by U.S. government agencies, which are primarily 90 or more days past due. These loans have been excluded based upon the government guarantee. At March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, mortgage loans 90 or more days past due and insured by U.S. government agencies were $183 million, $128 million, $93 million, $45 million and $36 million, respectively.

(c)Loans held-for-sale and loans at fair value were excluded when calculating the net charge-off/(recovery) rate.

Page 18

JPMORGAN CHASE & CO.

COMMERCIAL & INVESTMENT BANK

FINANCIAL HIGHLIGHTS, CONTINUED

(in millions, except where otherwise noted)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

BUSINESS METRICS

Advisory $ 1,266 $ 1,033 $ 926 $ 844 $ 694 23 % 82 %

Equity underwriting 472 416 527 465 324 13 46

Debt underwriting 1,145 898 1,174 1,204 1,230 28 (7)

Total investment banking fees $ 2,883 $ 2,347 $ 2,627 $ 2,513 $ 2,248 23 28

Client deposits and other third-party liabilities (average) (a) 1,167,128 1,153,559 1,111,143 1,089,781 1,034,382 1 13

Assets under custody (“AUC”) (period-end) (in billions) $ 40,905 $ 41,172 $ 40,128 $ 38,028 $ 35,678 (1) 15

95% Confidence Level - Total CIB VaR (average) (b)

CIB trading VaR by risk type: (c)

Fixed income $ 39 $ 35 $ 33 $ 37 $ 37 11 5

Foreign exchange 13 9 9 10 9 44 44

Equities 11 13 14 17 25 (15) (56)

Commodities and other 14 23 19 24 29 (39) (52)

Diversification benefit to CIB trading VaR (d) (47) (49) (50) (55) (55) 4 15

CIB trading VaR (c) 30 31 25 33 45 (3) (33)

Credit Portfolio VaR (e) 21 20 21 22 21 5 —

Diversification benefit to CIB VaR (d) (16) (17) (15) (17) (19) 6 16

CIB VaR $ 35 $ 34 $ 31 $ 38 $ 47 3 (26)

(a)Client deposits and other third-party liabilities pertain to the Payments and Securities Services businesses.

(b)Effective April 1, 2025, the Firm refined the historical proxy time series inputs to one of its VaR models to more appropriately reflect the risk exposure from certain securitization warehousing loan positions. With this refined time series, the average VaR for each of the following reported components would have been lower by the following amounts: CIB trading VaR by fixed income risk type of $(7) million, CIB trading VaR of $(6) million and CIB VaR of $(5) million for the three months ended March 31, 2025.

(c)CIB trading VaR includes substantially all market-making and client-driven activities, as well as certain risk management activities in CIB, including credit spread sensitivity to CVA. Refer to VaR measurement on pages 135–138 of the Firm’s 2025 Form 10-K for further information.

(d)Diversification benefit represents the difference between the portfolio VaR and the sum of its individual components. This reflects the non-additive nature of VaR due to imperfect correlation across CIB risks.

(e)Credit Portfolio VaR includes the derivative CVA, hedges of the CVA and credit protection purchased against certain retained loans and lending-related commitments, which are reported in principal transactions revenue. This VaR does not include the retained loan portfolio, which is not reported at fair value.

Page 19

JPMORGAN CHASE & CO.

ASSET & WEALTH MANAGEMENT

FINANCIAL HIGHLIGHTS

(in millions, except ratio and employee data)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

INCOME STATEMENT

REVENUE

Asset management fees $ 4,125 $ 4,372 $ 3,885 $ 3,642 $ 3,595 (6) % 15 %

Commissions and other fees 369 301 296 314 273 23 35

All other income 154 165 156 117 125 (7) 23

Noninterest revenue 4,648 4,838 4,337 4,073 3,993 (4) 16

Net interest income 1,726 1,678 1,729 1,687 1,738 3 (1)

TOTAL NET REVENUE 6,374 6,516 6,066 5,760 5,731 (2) 11

Provision for credit losses (24) 2 59 46 (10) NM (140)

NONINTEREST EXPENSE

Compensation expense (a) 2,339 2,256 2,125 2,083 2,067 4 13

Noncompensation expense (a) 1,828 1,812 1,693 1,650 1,646 1 11

TOTAL NONINTEREST EXPENSE 4,167 4,068 3,818 3,733 3,713 2 12

Income before income tax expense 2,231 2,446 2,189 1,981 2,028 (9) 10

Income tax expense 456 638 531 508 445 (29) 2

NET INCOME $ 1,775 $ 1,808 $ 1,658 $ 1,473 $ 1,583 (2) 12

REVENUE BY BUSINESS

Asset Management $ 3,072 $ 3,408 $ 2,916 $ 2,705 $ 2,671 (10) 15

Global Private Bank 3,302 3,108 3,150 3,055 3,060 6 8

TOTAL NET REVENUE $ 6,374 $ 6,516 $ 6,066 $ 5,760 $ 5,731 (2) 11

FINANCIAL RATIOS

ROE 44 % 44 % 40 % 36 % 39 %

Overhead ratio 65 62 63 65 65

Pretax margin ratio:

Asset Management 34 38 35 33 32

Global Private Bank 36 37 37 36 38

Asset & Wealth Management 35 38 36 34 35

Employees (a) 29,357 29,181 29,135 28,770 28,916 1 2

Number of Global Private Bank client advisors 4,110 4,101 4,050 3,756 3,781 — 9

(a)In the first quarter of 2026, Risk functions that were previously aligned with the LOBs were centralized into Corporate. As a result, the employees and compensation expense related to those functions are now reflected in Corporate, and a corresponding expense allocation from Corporate is reflected in noncompensation expense of the respective LOBs. These adjustments had no impact on total noninterest expense of the LOBs or Corporate. Prior periods have been revised to conform with the current presentation.

Page 20

JPMORGAN CHASE & CO.

ASSET & WEALTH MANAGEMENT

FINANCIAL HIGHLIGHTS, CONTINUED

(in millions, except ratio data)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

SELECTED BALANCE SHEET DATA (period-end)

Total assets $ 299,179 $ 288,065 $ 282,322 $ 268,966 $ 258,354 4 % 16 %

Loans 274,902 266,385 257,988 245,526 237,201 3 16

Deposits 266,745 257,316 239,999 242,356 250,219 4 7

Equity 16,000 16,000 16,000 16,000 16,000 — —

SELECTED BALANCE SHEET DATA (average)

Total assets $ 291,058 $ 284,100 $ 272,954 $ 261,128 $ 253,372 2 15

Loans 267,986 260,792 250,730 240,585 233,937 3 15

Deposits 253,706 247,065 241,454 248,375 244,107 3 4

Equity 16,000 16,000 16,000 16,000 16,000 — —

CREDIT DATA AND QUALITY STATISTICS

Net charge-offs/(recoveries) $ 1 $ 30 $ 62 $ (1) $ 1 (97) —

Nonaccrual loans 1,035 1,199 1,129 1,035 675 (14) 53

Allowance for credit losses:

Allowance for loan losses 520 536 555 552 530 (3) (2)

Allowance for lending-related commitments 33 43 52 58 33 (23) —

Total allowance for credit losses 553 579 607 610 563 (4) (2)

Net charge-off/(recovery) rate — % 0.05 % 0.10 % — % — %

Allowance for loan losses to period-end loans 0.19 0.20 0.22 0.22 0.22

Allowance for loan losses to nonaccrual loans 50 45 49 53 93

Nonaccrual loans to period-end loans 0.38 0.45 0.44 0.42 0.28

Page 21

JPMORGAN CHASE & CO.

ASSET & WEALTH MANAGEMENT

FINANCIAL HIGHLIGHTS, CONTINUED

(in billions, except business metrics data)

Mar 31, 2026

Change

Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, Mar 31,

CLIENT ASSETS 2026 2025 2025 2025 2025 2025 2025

Assets by asset class

Liquidity $ 1,297 $ 1,279 $ 1,174 $ 1,131 $ 1,120 1 % 16 %

Fixed income 1,014 998 971 925 879 2 15

Equity 1,360 1,400 1,371 1,258 1,128 (3) 21

Multi-asset 880 884 855 809 764 — 15

Alternatives 238 230 228 220 222 3 7

TOTAL ASSETS UNDER MANAGEMENT 4,789 4,791 4,599 4,343 4,113 — 16

Custody/brokerage/administration/deposits 2,314 2,327 2,239 2,078 1,889 (1) 22

TOTAL CLIENT ASSETS (a) $ 7,103 $ 7,118 $ 6,838 $ 6,421 $ 6,002 — 18

Assets by client segment

Private Banking $ 1,440 $ 1,414 $ 1,364 $ 1,270 $ 1,201 2 20

Global Institutional 1,964 1,953 1,837 1,772 1,705 1 15

Global Funds 1,385 1,424 1,398 1,301 1,207 (3) 15

TOTAL ASSETS UNDER MANAGEMENT $ 4,789 $ 4,791 $ 4,599 $ 4,343 $ 4,113 — 16

Private Banking $ 3,549 $ 3,549 $ 3,423 $ 3,191 $ 2,949 — 20

Global Institutional 2,145 2,121 1,994 1,907 1,828 1 17

Global Funds 1,409 1,448 1,421 1,323 1,225 (3) 15

TOTAL CLIENT ASSETS (a) $ 7,103 $ 7,118 $ 6,838 $ 6,421 $ 6,002 — 18

Assets under management rollforward

Beginning balance $ 4,791 $ 4,599 $ 4,343 $ 4,113 $ 4,045

Net asset flows:

Liquidity 13 105 37 5 36

Fixed income 20 25 31 27 11

Equity 18 11 31 16 37

Multi-asset 10 11 4 (2) 3

Alternatives 6 5 6 (10) 3

Market/performance/other impacts (69) 35 147 194 (22)

Ending balance $ 4,789 $ 4,791 $ 4,599 $ 4,343 $ 4,113

Client assets rollforward

Beginning balance $ 7,118 $ 6,838 $ 6,421 $ 6,002 $ 5,932

Net asset flows 111 206 147 80 120

Market/performance/other impacts (126) 74 270 339 (50)

Ending balance $ 7,103 $ 7,118 $ 6,838 $ 6,421 $ 6,002

BUSINESS METRICS

Firmwide Wealth Management

Client assets (in billions) (b) $ 4,516 $ 4,521 $ 4,373 $ 4,087 $ 3,791 — 19

Number of client advisors 10,353 10,150 10,075 9,704 9,641 2 7

Stock Plan Administration

Number of stock plan participants (in thousands) 1,883 1,794 1,796 1,594 1,500 5 26

Client assets (in billions) 383 372 357 314 281 3 36

(a)Includes CCB client investment assets invested in managed accounts and J.P. Morgan mutual funds where AWM is the investment manager.

(b)Consists of Global Private Bank in AWM and client investment assets in J.P. Morgan Wealth Management in CCB.

Page 22

JPMORGAN CHASE & CO.

CORPORATE

FINANCIAL HIGHLIGHTS

(in millions, except employee data)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

INCOME STATEMENT

REVENUE

Principal transactions $ (31) $ (144) $ (54) $ (54) $ (87) 78 % 64 %

Investment securities gains/(losses)

60 (72) 105 (54) (37) NM NM

All other income 160 128 246 157 777 25 (79)

Noninterest revenue 189 (88) 297 49 653 NM (71)

Net interest income 1,026 1,568 1,406 1,489 1,651 (35) (38)

TOTAL NET REVENUE (a) 1,215 1,480 1,703 1,538 2,304 (18) (47)

Provision for credit losses (1) 4 (3) 25 (19) NM 95

NONINTEREST EXPENSE (b) 568 648 (f) 445 547 185 (f) (12) 207

Income before income tax expense

648 828 1,261 966 2,138 (22) (70)

Income tax expense/(benefit)

(51) 521 436 (729) (h) 445 NM NM

NET INCOME

$ 699 $ 307 $ 825 $ 1,695 $ 1,693 128 (59)

MEMO:

TOTAL NET REVENUE

Treasury and Chief Investment Office (“CIO”)

1,337 1,601 1,687 1,649 1,564 (16) (15)

Other Corporate (122) (121) 16 (111) 740 (1) NM

TOTAL NET REVENUE $ 1,215 $ 1,480 $ 1,703 $ 1,538 $ 2,304 (18) (47)

NET INCOME/(LOSS)

Treasury and CIO 842 1,120 1,166 1,121 1,158 (25) (27)

Other Corporate (143) (813) (341) 574 535 82 NM

TOTAL NET INCOME

$ 699 $ 307 $ 825 $ 1,695 $ 1,693 128 (59)

SELECTED BALANCE SHEET DATA (period-end)

Total assets $ 1,318,399 $ 1,329,632 $ 1,297,608 $ 1,370,312 $ 1,289,274 (1) 2

Loans 3,093 2,941 2,707 2,033 2,478 5 25

Deposits (c) 41,173 35,874 34,145 27,952 25,064 15 64

Employees (b) 55,360 55,390 55,523 55,310 56,368 — (2)

SUPPLEMENTAL INFORMATION

TREASURY and CIO

Investment securities gains/(losses)

$ 60 $ (72) $ 105 $ (54) $ (37) NM NM

Available-for-sale securities (average) 529,500 502,641 495,777 (g) 462,179 391,997 5 35

Held-to-maturity securities (average) (d) 269,482 283,009 269,717 (g) 262,479 269,906 (5) —

Investment securities portfolio (average) $ 798,982 $ 785,650 $ 765,494 $ 724,658 $ 661,903 2 21

Available-for-sale securities (period-end) 545,706 503,896 487,277 (g) 482,269 396,316 8 38

Held-to-maturity securities (period-end) (d) 272,142 270,134 293,446 (g) 260,559 265,084 1 3

Investment securities portfolio, net of allowance for credit losses (period-end) (e) $ 817,848 $ 774,030 $ 780,723 $ 742,828 $ 661,400 6 24

(a)Included tax-equivalent adjustments, predominantly driven by tax-exempt income from municipal bonds, of $44 million, $41 million, $39 million, $38 million and $36 million for the three months ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively.

(c)Predominantly relates to the Firm's international consumer initiatives.

(d)At March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, the estimated fair value of the HTM securities portfolio was $254.5 billion, $253.3 billion, $274.9 billion, $239.3 billion and $242.3 billion, respectively.

(e)At March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, the allowance for credit losses on investment securities was $73 million, $73 million, $72 million, $75 million and $85 million, respectively.

(f)Included FDIC special assessment accrual releases of $326 million and $323 million for the three months ended December 31, 2025 and March 31, 2025, respectively. Refer to Note 6 on page 221 of the Firm’s 2025 Form 10-K for additional information.

(g)During the third quarter of 2025, the Firm transferred $44.1 billion of investment securities from AFS to HTM for asset-liability management purposes.

(h)Included a $774 million income tax benefit driven by the resolution of certain tax audits and the impact of tax regulations related to foreign currency translation gains and losses finalized in 2024 and effective for 2025.

Page 23

JPMORGAN CHASE & CO.

CREDIT-RELATED INFORMATION

(in millions)

Mar 31, 2026

Change

Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, Mar 31,

2026 2025 2025 2025 2025 2025 2025

CREDIT EXPOSURE

Consumer, excluding credit card loans (a)

Loans retained $ 367,274 $ 368,741 $ 369,859 $ 371,855 $ 372,892 — % (2) %

Loans held-for-sale and loans at fair value 24,386 33,517 23,225 22,185 18,246 (27) 34

Total consumer, excluding credit card loans 391,660 402,258 393,084 394,040 391,138 (3) —

Credit card loans

Loans retained 239,123 247,797 235,475 232,943 223,384 (4) 7

Total credit card loans 239,123 247,797 235,475 232,943 223,384 (4) 7

Total consumer loans 630,783 650,055 628,559 626,983 614,522 (3) 3

Wholesale loans (b)

Loans retained 818,839 792,367 764,451 740,675 704,714 3 16

Loans held-for-sale and loans at fair value 53,898 51,007 42,236 44,334 36,459 6 48

Total wholesale loans 872,737 843,374 806,687 785,009 741,173 3 18

Total loans 1,503,520 1,493,429 1,435,246 1,411,992 1,355,695 1 11

Derivative receivables 71,584 57,777 59,849 60,346 60,539 24 18

Receivables from customers (c) 64,844 47,336 68,493 53,099 49,403 37 31

Total credit-related assets 1,639,948 1,598,542 1,563,588 1,525,437 1,465,637 3 12

Lending-related commitments

Consumer, excluding credit card 46,236 43,587 48,015 47,064 46,149 6 —

Credit card (d)(e) 1,204,016 1,177,766 1,069,963 1,050,275 1,031,481 2 17

Wholesale 604,922 595,954 596,028 559,654

(h)

548,853 2 10

Total lending-related commitments 1,855,174 1,817,307 1,714,006 1,656,993 1,626,483 2 14

Total credit exposure $ 3,495,122 $ 3,415,849 $ 3,277,594 $ 3,182,430 $ 3,092,120 2 13

Memo: Total by category

Consumer exposure (f) $ 1,881,035 $ 1,871,408 $ 1,746,537 $ 1,724,322 $ 1,692,152 1 11

Wholesale exposure (g) 1,614,087 1,544,441 1,531,057 1,458,108 1,399,968 5 15

Total credit exposure $ 3,495,122 $ 3,415,849 $ 3,277,594 $ 3,182,430 $ 3,092,120 2 13

(a)Includes scored loans held in CCB, scored mortgage and home equity loans held in AWM, and scored mortgage loans held in CIB and Corporate.

(b)Includes loans held in CIB, AWM, Corporate as well as risk-rated loans held in CCB, including business banking and J.P. Morgan Wealth Management loans held in Banking & Wealth Management, and auto dealer loans for which the wholesale methodology is applied when determining the allowance for loan losses.

(c)Receivables from customers reflect held-for-investment margin loans to brokerage clients in CIB, CCB and AWM; these are reported within accrued interest and accounts receivable on the Consolidated balance sheets.

(d)Also includes commercial card lending-related commitments primarily in CIB.

(e)As of December 31, 2025, includes the impact of the Apple Card transaction. Refer to Notes 4 and 28 of the Firm’s 2025 Form 10-K for additional information.

(f)Represents total consumer loans and lending-related commitments.

(g)Represents total wholesale loans, lending-related commitments, derivative receivables, and receivables from customers.

(h)Prior-period amount has been revised to conform with the presentation in the Firm’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025.

Page 24

JPMORGAN CHASE & CO.

CREDIT-RELATED INFORMATION, CONTINUED

(in millions, except ratio data)

Mar 31, 2026

Change

Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, Mar 31,

2026 2025 2025 2025 2025 2025 2025

NONPERFORMING ASSETS (a)

Consumer nonaccrual loans

Loans retained $ 3,810 $ 3,875 $ 3,954 $ 3,938 $ 3,318 (2) % 15 %

Loans held-for-sale and loans at fair value 589 798 646 731 441 (26) 34

Total consumer nonaccrual loans 4,399 4,673 4,600 4,669 3,759 (6) 17

Wholesale nonaccrual loans

Loans retained 4,524 4,398 4,740 4,479 3,895 3 16

Loans held-for-sale and loans at fair value 660 786 766 673 964 (16) (32)

Total wholesale nonaccrual loans 5,184 5,184 5,506 5,152 4,859 — 7

Total nonaccrual loans 9,583 9,857 10,106 9,821 8,618 (3) 11

Derivative receivables 174 204 224 349 169 (15) 3

Assets acquired in loan satisfactions 292 298 305 310 318 (2) (8)

Total nonperforming assets 10,049 10,359 10,635 10,480 9,105 (3) 10

Wholesale lending-related commitments (b) 916 925 1,025 922 793 (1) 16

Total nonperforming exposure $ 10,965 $ 11,284 $ 11,660 $ 11,402 $ 9,898 (3) 11

NONACCRUAL LOAN-RELATED RATIOS

Total nonaccrual loans to total loans 0.64 % 0.66 % 0.70 % 0.70 % 0.64 %

Total consumer, excluding credit card nonaccrual loans to

total consumer, excluding credit card loans 1.12 1.16 1.17 1.18 0.96

Total wholesale nonaccrual loans to total

wholesale loans 0.59 0.61 0.68 0.66 0.66

(a)Excludes mortgage loans past due and insured by U.S. government agencies, which are primarily 90 or more days past due. These loans have been excluded based upon the government guarantee. At March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, mortgage loans 90 or more days past due and insured by U.S. government agencies were $251 million, $198 million, $158 million, $113 million and $117 million, respectively. In addition, the Firm’s policy is generally to exempt credit card loans from being placed on nonaccrual status as permitted by regulatory guidance. Refer to Note 12 of the Firm’s 2025 Form 10-K for additional information on the Firm’s credit card nonaccrual and charge-off policies.

(b)Represents commitments that are risk rated as nonaccrual.

Page 25

JPMORGAN CHASE & CO.

CREDIT-RELATED INFORMATION, CONTINUED

(in millions, except ratio data)

QUARTERLY TRENDS

1Q26 Change

1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

SUMMARY OF CHANGES IN THE ALLOWANCES

ALLOWANCE FOR LOAN LOSSES

Beginning balance $ 25,765 $ 25,735 $ 24,953 $ 25,208 $ 24,345 — % 6 %

Net charge-offs:

Gross charge-offs 2,911 3,099 3,181 2,944 2,816 (6) 3

Gross recoveries collected (595) (585) (588) (534) (484) (2) (23)

Net charge-offs 2,316 2,514 2,593 2,410 2,332 (8) (1)

Provision for loan losses 2,481 2,544 3,376 2,151 3,193 (2) (22)

Other (2) — (1) 4 2 NM NM

Ending balance $ 25,928 $ 25,765 $ 25,735 $ 24,953 $ 25,208 1 3

ALLOWANCE FOR LENDING-RELATED COMMITMENTS

Beginning balance $ 5,071 $ 2,964 $ 2,932 $ 2,226 $ 2,101 71 141

Provision for lending-related commitments 23 2,107 (b) 31 706 125 (99) (82)

Other (3) — 1 — — NM NM

Ending balance $ 5,091 $ 5,071 $ 2,964 $ 2,932 $ 2,226 — 129

ALLOWANCE FOR INVESTMENT SECURITIES $ 78 $ 106 $ 105 $ 108 $ 118 (26) (34)

Total allowance for credit losses (a) $ 31,097 $ 30,942 $ 28,804 $ 27,993 $ 27,552 1 13

NET CHARGE-OFF/(RECOVERY) RATES

Consumer retained, excluding credit card loans 0.17 % 0.19 % 0.12 % 0.14 % 0.18 %

Credit card retained loans 3.46 3.14 3.15 3.40 3.58

Total consumer retained loans 1.47 1.35 1.29 1.38 1.45

Wholesale retained loans 0.06 0.23 0.33 0.19 0.11

Total retained loans 0.67 0.72 0.76 0.73 0.74

Memo: Average retained loans

Consumer retained, excluding credit card loans $ 367,880 $ 368,485 $ 370,073 $ 372,005 $ 374,466 — (2)

Credit card retained loans 239,220 239,356 234,354 228,320 224,350 — 7

Total average retained consumer loans 607,100 607,841 604,427 600,325 598,816 — 1

Wholesale retained loans 793,654 775,282 747,045 721,105 686,585 2 16

Total average retained loans $ 1,400,754 $ 1,383,123 $ 1,351,472 $ 1,321,430 $ 1,285,401 1 9

(a)At March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, excludes an allowance for credit losses associated with certain accounts receivable in CIB of $286 million, $288 million, $285 million, $288 million and $283 million, respectively.

(b)Refer to footnote (f) on page 2 for additional information.

Page 26

JPMORGAN CHASE & CO.

CREDIT-RELATED INFORMATION, CONTINUED

(in millions, except ratio data)

Mar 31, 2026

Change

Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, Mar 31,

2026 2025 2025 2025 2025 2025 2025

ALLOWANCE COMPONENTS AND RATIOS

ALLOWANCE FOR LOAN LOSSES

Consumer, excluding credit card

Asset-specific

$ (623) $ (647) $ (621) $ (683) $ (727) 4 % 14 %

Portfolio-based 2,412 2,567 2,524 2,532 2,585 (6) (7)

Total consumer, excluding credit card 1,789 1,920 1,903 1,849 1,858 (7) (4)

Credit card

Portfolio-based 15,559 15,557 15,554 15,001 15,000 — 4

Total credit card 15,559 15,557 15,554 15,001 15,000 — 4

Total consumer 17,348 17,477 17,457 16,850 16,858 (1) 3

Wholesale

Asset-specific

851 707 838 781 692 20 23

Portfolio-based 7,729 7,581 7,440 7,322 7,658 2 1

Total wholesale 8,580 8,288 8,278 8,103 8,350 4 3

Total allowance for loan losses 25,928 25,765 25,735 24,953 25,208 1 3

Allowance for lending-related commitments (a) 5,091 5,071 2,964 2,932 2,226 — 129

Allowance for investment securities 78 106 105 108 118 (26) (34)

Total allowance for credit losses $ 31,097 $ 30,942 $ 28,804 $ 27,993 $ 27,552 1 13

CREDIT RATIOS

Consumer, excluding credit card allowance, to total

consumer, excluding credit card retained loans 0.49 % 0.52 % 0.51 % 0.50 % 0.50 %

Credit card allowance to total credit card retained loans 6.51 6.28 6.61 6.44 6.71

Wholesale allowance to total wholesale retained loans 1.05 1.05 1.08 1.09 1.18

Total allowance to total retained loans 1.82 1.83 1.88 1.85 1.94

Consumer, excluding credit card allowance, to consumer,

excluding credit card retained nonaccrual loans (b) 47 50 48 47 56

Total allowance, excluding credit card allowance, to retained

nonaccrual loans, excluding credit card nonaccrual loans (b) 124 123 117 118 142

Wholesale allowance to wholesale retained nonaccrual loans 190 188 175 181 214

Total allowance to total retained nonaccrual loans 311 311 296 296 349

(a)As of December 31, 2025, includes the impact of the Apple Card transaction. Refer to footnote (f) on page 2 for additional information.

(b)Refer to footnote (a) on page 25 for information on the Firm’s nonaccrual policy for credit card loans.

Page 27

JPMORGAN CHASE & CO.

NON-GAAP FINANCIAL MEASURES

Non-GAAP Financial Measures

(a)In addition to analyzing the Firm’s results on a reported basis, management reviews Firmwide results, including the overhead ratio, on a “managed” basis; these Firmwide managed basis results are non-GAAP financial measures. The Firm also reviews the results of the LOBs on a managed basis. The Firm’s definition of managed basis starts, in each case, with the reported U.S. GAAP results and includes certain reclassifications to present total net revenue for the Firm as a whole and for each of the reportable business segments and Corporate on an FTE basis. Accordingly, revenue from investments that receive tax credits and tax-exempt securities is presented in the managed results on a basis comparable to taxable investments and securities. These financial measures allow management to assess the comparability of revenue from year-to-year arising from both taxable and tax-exempt sources. The corresponding income tax impact related to tax-exempt items is recorded within income tax expense. These adjustments have no impact on net income as reported by the Firm as a whole or by each of the LOBs and Corporate.

(b)Pre-provision profit is a non-GAAP financial measure which represents total net revenue less total noninterest expense. The Firm believes that this financial measure is useful in assessing the ability of a lending institution to generate income in excess of its provision for credit losses.

(c)TCE, ROTCE, and TBVPS are each non-GAAP financial measures. TCE represents the Firm’s common stockholders’ equity (i.e., total stockholders’ equity less preferred stock) less goodwill and identifiable intangible assets (other than MSRs), net of related deferred tax liabilities. ROTCE measures the Firm’s net income applicable to common equity as a percentage of average TCE. TBVPS represents the Firm’s TCE at period-end divided by common shares at period-end. TCE, ROTCE, and TBVPS are utilized by the Firm, as well as investors and analysts, in assessing the Firm’s use of equity.

(d)In addition to reviewing net interest income (“NII”), net yield, and noninterest revenue (“NIR”) on a managed basis, management also reviews these metrics excluding Markets, which is composed of Fixed Income Markets and Equity Markets, as shown below. Markets revenue consists of principal transactions, fees, commissions and other income, as well as net interest income. These metrics, which exclude Markets, are non-GAAP financial measures. Management reviews these metrics to assess the performance of the Firm’s lending, investing (including asset-liability management) and deposit-raising activities, apart from any volatility associated with Markets activities. In addition, management also assesses Markets business performance on a total revenue basis as offsets may occur across revenue lines. For example, securities that generate net interest income may be risk-managed by derivatives that are reflected at fair value in principal transactions revenue. Management believes these measures provide investors and analysts with alternative measures to analyze the revenue trends of the Firm. For additional information on Markets revenue, refer to pages 73-74 of the Firm’s 2025 Form 10-K.

QUARTERLY TRENDS

1Q26 Change

(in millions, except rates) 1Q26 4Q25 3Q25 2Q25 1Q25 4Q25 1Q25

Net interest income - reported $ 25,366 $ 24,995 $ 23,966 $ 23,209 $ 23,273 1 % 9 %

Fully taxable-equivalent adjustments 113 113 105 105 102 — 11

Net interest income - managed basis

$ 25,479 $ 25,108 $ 24,071 $ 23,314 $ 23,375 1 9

Less: Markets net interest income 2,199 1,251 680 561 785 76 180

Net interest income excluding Markets

$ 23,280 $ 23,857 $ 23,391 $ 22,753 $ 22,590 (2) 3

Average interest-earning assets $ 4,135,737 $ 3,923,824 $ 3,895,764 $ 3,845,982 $ 3,668,384 5 13

Less: Average Markets interest-earning assets

1,599,089 1,403,245 1,404,633 1,387,584 1,255,149 14 27

Average interest-earning assets excluding Markets $ 2,536,648 $ 2,520,579 $ 2,491,131 $ 2,458,398 $ 2,413,235 1 5

Net yield on average interest-earning assets - managed basis (a) 2.50 % 2.54 % 2.45 % 2.43 % 2.58 %

Net yield on average Markets interest-earning assets

0.56 0.35 0.19 0.16 0.25

Net yield on average interest-earning assets excluding Markets (a) 3.72 3.76 3.73 3.71 3.80

Noninterest revenue - reported $ 24,470 $ 20,803 $ 22,461 $ 21,703 $ 22,037 18 11

Fully taxable-equivalent adjustments 587 856 588 663 602 (31) (2)

Noninterest revenue - managed basis $ 25,057 $ 21,659 $ 23,049 $ 22,366 $ 22,639 16 11

Less: Markets noninterest revenue

9,360 6,988 8,264 8,375 8,878 34 5

Noninterest revenue excluding Markets $ 15,697 $ 14,671 $ 14,785 $ 13,991 $ 13,761 7 14

Memo: Markets total net revenue $ 11,559 $ 8,239 $ 8,944 $ 8,936 $ 9,663 40 20

(a) Includes the effect of derivatives that qualify for hedge accounting. Taxable-equivalent amounts are used where applicable. Refer to Note 5 of the Firm’s 2025 Form 10-K for additional information on hedge accounting.

Page 28

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