JPMorgan Chase (JPM) earnings 1Q 2026

JPMorgan Chase on Tuesday posted first quarter results that topped expectations on stronger-than-expected fixed income and investment banking revenue.

Here’s what the company reported:

Earnings: $5.94 a share vs. $5.45 LSEG estimate Revenue: $50.54 billion vs. $49.17 billion estimate

The company said net income rose 13% to $16.49 billion, or $5.94 a share. Revenue rose 10% to $50.54 billion.

The bank’s fixed income trading revenue jumped 21% to $7.08 billion, or about $370 million more than the StreetAccount estimate, on rising activity in commodities, credit, currencies and emerging markets.

Banks have enjoyed tailwinds for the past few quarters, from a rebound in investment banking and trading activity to stable consumer credit.

This year, though, markets have been roiled by concerns over disruption from the latest artificial intelligence models, the risks posed by private credit and the Iran war that began in late February.

JPMorgan CEO Jamie Dimon said that the U.S. economy was resilient in the period, thanks to consumers and businesses spending and repaying debts, but he noted that uncertainties were mounting.

“There is an increasingly complex set of risks— such as geopolitical tensions and wars, energy price volatility, trade uncertainty, large global fiscal deficits and elevated asset prices,” Dimon said. “While we cannot predict how these risks and uncertainties will ultimately play out, they are significant and they reinforce why we prepare the firm for a wide range of environments.”

Goldman Sachs, a rival to JPMorgan when it comes to trading and investment banking, on Monday posted first-quarter results that topped expectations on record equities trading revenue.

Citigroup and Wells Fargo are out with their results Tuesday, while Bank of America and Morgan Stanley will report on Wednesday.

This story is developing. Please check back for updates.