Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Interest earned outran interest paid, widening the spread
Funding costs barely rose while loan and securities income climbed, so net interest income grew 12.8% and carried the quarter.
For investorsHow much of the profit rests on the spread and the reserve?
For foundersWhat a smaller company can take from selling more to customers it already has
Costs grew faster than revenue, led by marketing and outside services, so net margin slipped to 30.5% despite the wider spread.
Pre-tax income rose 7.4% partly because the bank set aside 19.4% less for expected loan losses than a year earlier.
Asset management, investment banking and card fees rose while trading income and securities results fell, so noninterest revenue still grew 3.0%.
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Business Lens describes JPMorgan Chase from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
