Earnings call analysis

JPMorgan Chase (JPM) Q3 2026 Earnings Call: Guidance and Outlook

Management updated full year guidance by providing specific fourth quarter metrics and introducing a central case outlook for 2027 net interest income.

About JPMorgan Chase. JPMorgan Chase & Co. operates as a bank and financial holding company in the United States, rest of North America, Europe, the Middle East, Africa, the Asia Pacific, Latin America, and the Caribbean. It operates in three segments: Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management.

Call date

Oct 13, 2026

Sentiment score

+25 Balanced

Management tone, -100 to +100

Sentiment change

-10

vs Q2 2026 call

Sector

Financials, Banks

Next report

Jan 14, 2027

View calendar

Quarterly guidance

Fourth quarter NII ex Markets: Approximately $25.5 billion
Fourth quarter total NII: About $28 billion
Fourth quarter expenses: About $27.5 billion

Annual guidance

2027 NII ex Markets central case: Approximately $107 billion
Card net charge-off rate: Approximately 3.2%

Outlook

Investment banking activity: While the outlook remains constructive due to ongoing client engagement, evolving market conditions have recently slowed activity slightly.
Consumer health: The consumer remains generally healthy and resilient, primarily supported by a robust labor market.
Corporate credit: Corporate credit outlook is currently stable, though various macroeconomic pressures continue to build.
Capital deployment: The firm prioritizes organic growth and internal capital deployment into strategic initiatives over share buybacks.

Sources and method

Dombey's summary of the JPMorgan Chase Q3 2026 earnings call held Oct 13, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.

Updated Nov 8, 2026. All earnings call analyses

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