JPMorgan Chase & Co. (NYSE:JPM) Issues Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Posted by George Bondi on Oct 14th, 2026

JPMorgan Chase & Co. (NYSE:JPM) released its earnings results on Tuesday. The financial services provider reported $5.75 earnings per share for the quarter, missing analysts’ consensus estimates of $5.94 by ($0.19), FiscalAI reports. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm had revenue of $50.17 billion for the quarter, compared to analyst estimates of $51.23 billion. During the same period in the prior year, the company posted $5.07 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year.

Here are the key takeaways from JPMorgan Chase & Co.’s conference call:

JPMorgan reported strong third-quarter results, including $15.3 billion of net income, $5.57 in EPS, 20% ROTCE, and 8% year-over-year revenue growth. Results benefited from markets revenue, higher deposits, and asset-management fees, although they included $658 million of investment-securities losses.
Consumer and institutional businesses showed broad momentum: CCB revenue rose 9%, debit and credit spending increased 10%, deposits grew 4%, and client investment assets rose 15%. CIB revenue increased 14%, led by a 49% gain in equities, while AWM revenue grew 14% on strong inflows and higher market levels.
Management projected fourth-quarter net interest income of approximately $28 billion, including $25.5 billion excluding markets, and offered a preliminary 2027 NII ex-markets central case of about $107 billion. The outlook assumes continued balance-sheet growth and some benefit from expected rate hikes, but executives emphasized unusually high macroeconomic uncertainty.
The firm is prioritizing organic investment and capital deployment over share repurchases, resulting in only $1 billion of buybacks this quarter versus a previously higher pace. Management said it sees attractive opportunities in areas such as security and resilience, while CET1 declined 30 basis points to 13.9% as risk-weighted assets and distributions increased.
Executives cautioned that prolonged high real rates could weaken consumers through higher unemployment, and noted that credit terms have become too loose in some markets. They also flagged exposure to higher energy prices, market volatility, leverage, and concentrated AI-related financing, while fourth-quarter investment-banking activity has recently slowed.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $331.99 on Wednesday. The company has a market cap of $882.49 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.30. The firm has a 50 day moving average of $349.49 and a 200-day moving average of $329.50.

JPMorgan Chase & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th will be issued a dividend of $1.65 per share. This represents a $6.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, October 6th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 28.28%.

Key JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

Positive Sentiment: JPMorgan reported third-quarter net income of $15.3 billion, up 6% year over year, while revenue increased 8.1% to approximately $50.2 billion. Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management net income rose 13%, 20%, and 11%, respectively. JPMorgan Chase Reports Third-Quarter Net Income
Positive Sentiment: Management projected approximately $107 billion of 2027 net interest income, excluding Markets, implying growth from fourth-quarter guidance. Executives also characterized market-related deal activity as delayed rather than canceled, supporting the investment-banking recovery narrative. JPMorgan Sees Deal Delays, Not Cancellations
Positive Sentiment: The bank declared a $1.65-per-share dividend, and stronger deal activity has led JPMorgan to add more than 1,000 investment bankers globally. Investors may view these actions as support for long-term earnings and capital returns. JPMorgan Taps Rob Sweeney as Dealmaking Rebounds

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider owned 71,047 shares in the company, valued at $25,066,092.07. The trade was a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays restated an “overweight” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, October 6th. Royal Bank Of Canada upped their price target on shares of JPMorgan Chase & Co. from $330.00 to $370.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. Weiss Ratings raised JPMorgan Chase & Co. from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday. Finally, Jefferies Financial Group reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $361.79.

Check Out Our Latest Report on JPM

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, investment banking, asset management, private banking, commercial banking, consumer lending and payment services to individuals, businesses, institutions and governments.

The company operates through major business areas that include Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management. Its products and services include deposit accounts, credit cards, mortgages, auto loans, business financing, investment and advisory services, securities trading and custody, payment processing, and wealth-management solutions.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across international markets.