JPMorgan Chase raised its full-year 2026 net interest income outlook to about $105.5 billion, up from a prior $95 billion view, during its second-quarter earnings call. Chief financial officer Jeremy Barnum said the revised forecast reflects stronger deposit balances and a firmer rate backdrop, with total NII now including roughly $9 billion from Markets. The bank reported second-quarter earnings per share of $6.14, beating the Zacks Consensus Estimate of $5.59, on revenues of $57.35 billion. Investment banking fees rose 30% year over year and Markets revenues climbed 35%, while consumer banking revenues increased 8% to $20.3 billion. Chairman and CEO Jamie Dimon emphasized continued investment in branches, technology, and AI, with nearly 1,000 use cases in motion, and defended the bank's organic capital deployment strategy after buying back $6.2 billion in stock during the quarter.
JPMorgan Chase & CoJPMorgan raised its 2026 NII outlook to $105.5B and beat Q2 earnings estimates, with strong IB fees and Markets revenues.