JPMorgan Q2 2026 Earnings Preview: EPS Target and Key Metrics

Quick Answer

JPMorgan Chase is scheduled to report Q2 2026 earnings on July 12. Consensus estimates project EPS of $4.18, net revenue of $42.3B, and investment banking fees of $2.1B (up 20% year-on-year). CEO Jamie Dimon's economic outlook commentary will be closely watched. Goldman Sachs, Morgan Stanley, and Barclays are the primary analyst estimates tracked by the market.

Consensus Estimates

Wall Street consensus for JPMorgan Q2 2026: EPS $4.18 (vs $4.63 in Q1), net revenue $42.3B, net interest income $22.8B (slightly below Q1 $23.2B), investment banking fees $2.1B, markets revenue $7.8B, provision for credit losses $2.1B, ROE 15.5%, ROTCE 18.5%. The sequential NII decline reflects deposit repricing continuing to pressure margins.

Investment Banking Recovery

The most closely watched line item is IB fees. Goldman Sachs reported +27% IB fees in Q1 2026; Morgan Stanley reported similar strength. JPMorgan is expected to match this trend with M&A advisory up 25-30% YoY. Equity and debt underwriting both recovering from the 2022-2024 drought. Blackstone, KKR, and Apollo have all been active in deal markets driving advisory fee recovery.

Frequently Asked Questions

When does JPMorgan report Q2 2026 earnings?

JPMorgan Chase is scheduled to report Q2 2026 earnings on July 12, 2026 before market open. The earnings call with CEO Jamie Dimon and CFO Jeremy Barnum follows at 8:30 AM ET. JPMorgan traditionally leads US bank earnings season, followed by Goldman Sachs, Morgan Stanley, Citigroup, and Bank of America in subsequent days.

What is the consensus EPS estimate for JPMorgan Q2 2026?

Consensus EPS estimate is $4.18, based on Goldman Sachs, Morgan Stanley, and Barclays analyst projections. This compares to $4.63 in Q1 2026, with the sequential decline driven by lower NII from deposit repricing, partially offset by higher investment banking fees. Full-year 2026 EPS consensus is approximately $17.50.