economy

January 13, 2026

JPMorgan Chase tops estimates as trading revenue exceeds expectations

JPMorgan will give investors a view into how consumers and corporations fared toward the end of last year and issue guidance on how 2026 may develop.

JPMorgan Chase tops estimates as trading revenue exceeds expectations

TL;DR

  • JPMorgan Chase exceeded Q4 earnings and revenue expectations.
  • Adjusted earnings of $5.23 per share surpassed the $5 consensus estimate.
  • Total revenue reached $46.77 billion, higher than the expected $46.201 billion.
  • Profit fell 7% due to a $2.2 billion reserve for the Apple Card loan portfolio takeover from Goldman Sachs.
  • Equities trading revenue surged 40% to $2.9 billion.
  • Fixed income trading revenue increased 7% to $5.4 billion.
  • Investment banking fees declined 5% to $2.3 billion.
  • CEO Jamie Dimon described the U.S. economy as resilient but warned of potential hazards like geopolitical conditions and sticky inflation.

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