JPMorgan Chase & Co. (JPM) Announced Q1 2026 Earnings on April 14, 2026, Reporting "Revenue of $15.5 billion".

JPMorgan Chase & Co. reported first quarter 2026 net income of $16.5 billion and EPS of $5.94 with an ROTC of 23 percent.

Revenue for the quarter was reported at $15.5 billion.

Expenses for the quarter were $26.9 billion.

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

The standardized CET1 ratio ended the quarter at 14.3 percent.

Management discussed concerns regarding the Basel III endgame and G-SIB reproposal, noting that the proposed rules could increase CET1 capital around 4 percent and result in a total increase of about $20 billion of G-SIB capital.

They emphasized this could mean the cost of credit to United States households and businesses is likely higher than it is from other domestic non-G-SIB banks.

Executives addressed an artificial intelligence cash tool currently in early stages, which is targeted at a small subset of the client base to take a larger share of the investment wallet.

They also discussed the private credit market, noting leverage lending is a $1.7 trillion market, and stated that a potential default cycle in private credit would not be systemic at that size.

The United States consumer was described as resilient, with consumer spend growth continuing above last year's pace.

Management also noted that they are evaluating cyber risk and the additional vulnerabilities created by generative artificial intelligence models.

For the full year 2026 outlook, the firm expects net interest income excluding markets to be about $95 billion and total net interest income to be approximately $103 billion.

The adjusted expense outlook for the year continues to be about $105 billion, and the card net charge-off rate continues to be approximately 3.4 percent.

Management also noted expectations for full year card loan growth to be 6 percent.