JPMorgan Chase & Co. · JPM-PD · FY2026 Q3 · Calendar Q4 2026
JPMorgan posts strong Q3 as deposits and fees grow; AI risks remain
JPMorgan's Q3 results support a constructive operating picture: revenue growth, deposit gains, consumer card activity, and asset-management inflows remained solid. The next test is whether this momentum and the maintained NII outlook can persist as rates, credit conditions, regulation, and AI investment costs evolve.
Earnings scorecard
Reported versus consensusMarket reaction
unavailableAsk FN2 about JPM-PD FY2026 Q3
Transcript, numbers and history already loadedFree account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Versus the prior quarter, management's tone remained confident but guidance sentiment moved from raised to maintained. The current analysis adds Q3 deposit and checking-account growth, a $30 billion excess-capital pool, a reduced $1 billion buyback, early smart-cash agentic pilots, and greater emphasis on AI, credit, liquidity, and regulatory risks.
Guidance delta
Management maintained the outlook: Q4 total NII around $28 billion, 2027 central-case NII of $107 billion, and expenses around $27.5 billion.
Key takeaways
- Q3 revenue grew 8% year over year to $50.9 billion and net income reached $15.3 billion, with ROTCE at 20%.
- Deposits rose 4% year over year and net new checking accounts exceeded 650,000.
- Capital is prioritized for organic growth, security resilience, and innovation, while the buyback was reduced to $1 billion.
Management priorities
- Expand AI and agentic pilots with client safety and rogue-agent risk controls.
- Acquire deposits through marketing and product bundling while pursuing investment-banking and asset-management growth.
- Deploy excess capital selectively toward organic growth, security resilience, and innovation; adapt to regulatory guidance.
Follow JPM-PD with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeCompany context
Snapshot as of publicationJPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services. The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; payments and cross-border financing; and cash and derivative instruments, risk management solutions, prime brokerage, and research.…
Historical context
All JPM-PD earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| JPM-PK JPMorgan Chase & Co. | FY2026 Q3 · Calendar Q4 2026 | — | — | JPMorgan posts strong Q3 as AI investment and 2027 risks remain |
| JPM JPMorgan Chase & Co. | FY2026 Q3 · Calendar Q4 2026 | — | +0.2% | JPMorgan: Strong Q3, Cautious 2027 NII Outlook |
| JPM-PC JPMorgan Chase & Co. | FY2026 Q3 · Calendar Q4 2026 | — | — | JPMorgan Q3: Strong Demand, Maintained Guidance, Early AI Pilots |
| JPM-PJ JPMorgan Chase & Co. | FY2026 Q3 · Calendar Q4 2026 | — | — | JPMorgan Q3 growth holds as AI pilots and capital priorities expand |
| JPM-PM JPMorgan Chase & Co. | FY2026 Q3 · Calendar Q4 2026 | — | — | JPMorgan: Strong Q3, maintained outlook, AI remains early-stage |
| JPM-PL JPMorgan Chase & Co. | FY2026 Q3 · Calendar Q4 2026 | — | — | JPMorgan Q3: Core growth holds as AI remains in pilot stage |
Latest beats and misses
Who reports nextBeat on EPS
Get the JPM-PD recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-10-13T15:03:06.499917+00:00
- FN2 earnings calendar · 2026-10-13T01:23:11.860783+00:00
- Polygon adjusted daily market bars
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-13. For educational purposes only; not investment advice.