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12:30
Jul 14 ◎

JPM FY2026 Q2 Watch

JP Morgan Chase & Co. (JPM) FY2026 Q2 Earnings Call

GS STRIPE PYPL XYZ SOFI ▾

Jamie Dimon

Jamie Dimon acknowledges Goldman Sachs as a strong competitor performing well, implicitly recognizing their successful quarter.

"Very good competition, not just Goldman Sachs, who's doing a great job, if you didn't read their numbers this morning, because I did."

GS WATCH

Jamie Dimon

Jamie Dimon lists non-bank fintech competitors, indicating they are 'good' and force JPMorgan to make certain investments to keep up.

"you've got Stripe and PayPal and Cash and Block and Chime and SoFi and Revolut, and they're good."

STRIPE WATCH PYPL WATCH XYZ WATCH SOFI WATCH

Jamie Dimon

Jamie Dimon notes that AI tools will be available to smaller competitors through vendors like Fiserv, potentially leveling the playing field.

"over time, remember, this will be offered to smaller competitors, too, through Fiserv and FIS and other fintech companies."

FI WATCH

Jamie Dimon

Jamie Dimon notes that AI tools will be available to smaller competitors through vendors like FIS, potentially leveling the playing field.

"over time, remember, this will be offered to smaller competitors, too, through Fiserv and FIS and other fintech companies."

FIS WATCH

Jeremy Barnum

Management is bullish on the future, raising NII guidance based on stronger than expected deposits and a robust investment banking pipeline, even as they caution about sustainability.

"the pipeline remains quite robust, and the current activity levels seem to be encouraging more activity"

JPM WATCH

HIGH

12:30
Apr 14 ◎

JPM FY2026 Q1 Watch

JP Morgan Chase & Co. (JPM) FY2026 Q1 Earnings Call

FED AMZN JPM ▾

Jeremy Barnum

Management criticizes the Fed's Basel III endgame and G-SIB reproposals, arguing they are miscalibrated and will disproportionately increase capital requirements for JPMorgan Chase, potentially impacting its competitiveness and the cost of credit.

"our results are worse in each category. Estimated RWA is higher, GSIB is worse, and because our CCAR losses are below the floor, the Fed's reduction is not going to apply to us"

FED WATCH

Jamie Dimon

Dimon cites Amazon's founder to describe competitive pressure on deposit margins from new technologies and entrants.

"Jeff Bezos always says, your margin is my opportunity. And I kind of agree with that"

AMZN WATCH

Jamie Dimon

Management's tone is positive, driven by strong trading and investment banking performance, but they acknowledge that high revenue could lead to higher expenses, signaling a focus on growth and investment rather than strict cost control.

"I hope every quarter is this good, and then our expense target would be we'll have to spend more money because we did so well."

JPM WATCH

HIGH

13:30
Jan 13 ◎

JPM FY2025 Q4 Watch

JP Morgan Chase & Co. (JPM) FY2025 Q4 Earnings Call

COIN JPM AAPL ▾

Jeremy Barnum

The agreement with Coinbase is part of JPMorgan's portfolio to integrate crypto capabilities into its consumer banking, which could expand Coinbase's market reach.

"we're plugging in a little bit more to a crypto ecosystem and You know, we have an agreement with Coinbase, and it's going to, you know, be possible to buy crypto in the CCB ecosystem, too."

COIN WATCH

Jamie Dimon

The tone is cautiously optimistic for 2026, driven by healthy consumer spending, supportive fiscal policy, and deregulation, despite acknowledging geopolitical risks.

"It's pretty positive. Consumers have money. There's still jobs, even though it's weakened a little bit. There's a huge, there is a lot of stimulus coming from the one big beautiful bill."

JPM WATCH

Jeremy Barnum

JPMorgan sees a temporary increase in advanced RWA from the Apple Card transaction, estimated at $110 billion, expected to fall to approximately $30 billion. — Indicates a short-term capital headwind for JPMorgan that will reverse, showing the scale of the Apple Card portfolio's near-term capital tie-up.

"This is an economically compelling transaction for us as a co-brand deal. And I think someone described it, you know, as a win-win-win for all three parties."

AAPL WATCH

HIGH

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