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JPM · Q2 2026

JPMorgan Chase & Co.

Reported 2026-07-14
BEAT
39EarnIQ signal
↗

Confidence rising

Mild quarter-over-quarter shift

JPMorgan delivered a robust quarter backed by strong revenue growth and exceptional profitability metrics.

  • ✓Guidance was none, with low specificity.
  • ✓Management tone registered as confident (85/100).
  • ✓EarnIQ detected 0 potential management deflections.
Headline–confidence gap

Headline confirmed

Management confidence reinforces the reported beat.

EPS: reported vs expected+4.0%$6.14 vs $5.91
Revenue: reported vs expected—— vs —
Guidance specificityLowChange not comparable
Market expectations supplied by Finnhub · Reported vs consensus estimate

Total net revenue reached $57,347 million, up 28% year-over-year, driven by strong performance across all business segments.

Premium intelligence

The evidence behind the signal

Full report
Management language

Why confidence moved

“Total net revenue $57,347 million, up 28% compared to 2Q25.”
“NET INCOME 21,155 million, up 41% compared to 2Q25.”
“Return on tangible common equity ("ROTCE") 29% for 2Q26.”
Guidance specificity
10/100

Low specificity

No explicit forward-looking quantitative guidance section was provided in the earnings release excerpt.

Pressure point
!

Potential volatility in principal transactions

0 potential deflections detected in management communication.

Narrative break

What changed

Forward purchase commitment to acquire the Apple credit card portfolio.

Q&A evidence

Management responses

No material Q&A deflections were detected.

Key positives
  • Strong double-digit net revenue growth across major segments including CIB and CCB.
  • Robust return on tangible common equity (ROTCE) of 29% for the quarter.
  • Solid deposit growth reaching $2.71 trillion total deposits at period-end.
Key risks
  • Potential volatility in principal transactions and investment securities gains/losses.
  • Credit loss provisions related to credit card and wholesale loan portfolios.
  • Interest rate exposure and fluctuations affecting net interest income.
Topic velocity

Language versus prior quarter

M&ANew
CostNew
ChinaNew
MarginNew
RecordNew
iPhoneNew
Signal composition

What drove the EarnIQ score

Tone+20
Eps Beat+0
Guidance+3
New Signal+8
Miss Penalty+0
Qoq Improvement+8
Deflection Penalty+0