JPMorgan raised its 2026 net interest income outlook to about $105.5 billion, up from the previously targeted $103 billion, after a strong second quarter. The bank now expects NII excluding Markets of approximately $96.5 billion, compared with the earlier estimate of $95 billion. The upward revision suggests JPMorgan is less exposed to near-term rate uncertainty than initially assumed, with average loans rising 10% year over year and deposits increasing 7% in the second quarter. However, JPMorgan also raised its 2026 adjusted expense forecast to about $107.5 billion, reflecting higher activity-driven costs. The Zacks Consensus Estimate for JPMorgan's 2026 earnings suggests a 22.6% rise year over year, with estimates moving upward to $24.93 per share.
JPMorgan Chase & CoJPMorgan raised its 2026 NII outlook to $105.5B, indicating stronger earnings potential.
Bank of America Corp