Equity Profile

JPM

JPMorgan Chase & Co.

FinancialsDiversified Banks$835.9B

Jul14Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

JPMorgan Chase & Co. is a leading global financial services firm that provides a wide range of banking and investment services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and is closely watched by investors to gauge the company's financial health.

$5.38

Revenue

Revenue growth reflects the bank's ability to generate income from its various services, which is crucial for assessing its overall performance.

$48.6B

Wall Street expectations, options signals, track record, and call prep available with Pro.

JPM Q2-2026 Earnings Preview

Context

Company Snapshot

JPMorgan Chase & Co. is a leading global financial services firm that provides a wide range of banking and investment services. As one of the largest banks in the world, it plays a significant role in the financial sector, influencing trends in lending, investment, and consumer spending.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+13.39%

Avg Stock Reaction

+0.19%

Last Quarter Recap

In Q1 2026, JPMorgan Chase reported an EPS of $5.94, exceeding expectations by 8.28%. However, the stock price fell slightly the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect JPMorgan Chase to report solid earnings this quarter, driven by strong consumer demand and effective cost management. However, concerns about economic conditions could temper expectations.

Bull Case

If the bank beats EPS estimates and shows strong revenue growth, it could signal robust operational performance and investor confidence, potentially driving the stock higher.

Bear Case

Conversely, if the earnings miss expectations or show signs of weakening demand, it could lead to a significant drop in stock price, reflecting investor concerns about the broader economic environment.

Key Metrics to Watch

Earnings Per Share (EPS)

$5.38

EPS is a key indicator of profitability and is closely watched by investors to gauge the company's financial health.

Revenue

$48.6B

Revenue growth reflects the bank's ability to generate income from its various services, which is crucial for assessing its overall performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will JPMorgan Chase's EPS meet or exceed the consensus estimate of $5.38?

A strong EPS figure could indicate robust profitability and operational efficiency, which are crucial for investor confidence.

What insights will management provide regarding revenue growth and economic conditions?

Understanding revenue trends and management's outlook on the economy will help investors gauge future performance and risk.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent interest rate changes on JPMorgan's profitability, which could lead to stronger-than-expected earnings.

Supporting Evidence

Options are pricing a larger move than historical averages, suggesting heightened expectations that may not reflect actual performance.

Recent insider selling could indicate a lack of confidence in the near-term outlook, contrasting with the optimistic consensus.

Key Risk

If the bank's revenue growth comes in below $47.4B, it could undermine the positive sentiment surrounding its earnings.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether JPMorgan can sustain its growth amid economic uncertainty, making these metrics critical.

Bull Confirmed If

An EPS of $5.54 or higher, coupled with revenue exceeding $50.0B, would confirm the bull case.

Bear Confirmed If

An EPS below $5.09 or revenue falling short of $47.4B would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.75%

Historical Avg

±2.4%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±7.7% while JPM has averaged ±2.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

20.6%

Calls (2.1M)P/C Ratio: 0.55Puts (1.3M)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$55.3M

180,391 sh

8 insiders

Net

$55.3M

Net selling

Most Active Insiders· 8 open-market trades

Chairman & CEODIMON JAMES
$40.0M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If JPMorgan beats expectations, history suggests the stock could rise by about 0.82% on the following day, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance from management.

Miss

A miss could lead to a decline of around 4.19%, reflecting investor disappointment and concerns about the bank's performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

6 buys·1 sell

Members

House + Senate

Est. Notional

$56,007.00–$190,000.00

disclosed dollar ranges

Most Active Members

R-OHDavid J. TaylorRep.
3

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth and credit quality metrics.
2Management's commentary on consumer spending trends and economic outlook.
3Insights into cost management strategies and operational efficiencies.
4Details on any changes in interest rates and their impact on profitability.
5Updates on regulatory changes that could affect the banking sector.

See the full picture

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Company Snapshot

JPMorgan Chase & Co. is a leading global financial services firm that provides a wide range of banking and investment services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and is closely watched by investors to gauge the company's financial health.

$5.38

Revenue

Revenue growth reflects the bank's ability to generate income from its various services, which is crucial for assessing its overall performance.

$48.6B

Wall Street expectations, options signals, track record, and call prep available with Pro.

JPM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+13.39%

Avg Stock Reaction

+0.19%

Last Quarter Recap

In Q1 2026, JPMorgan Chase reported an EPS of $5.94, exceeding expectations by 8.28%. However, the stock price fell slightly the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If the bank beats EPS estimates and shows strong revenue growth, it could signal robust operational performance and investor confidence, potentially driving the stock higher.

Bear Case

Key Metrics to Watch

Earnings Per Share (EPS)

$5.38

EPS is a key indicator of profitability and is closely watched by investors to gauge the company's financial health.

Revenue

$48.6B

Revenue growth reflects the bank's ability to generate income from its various services, which is crucial for assessing its overall performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will JPMorgan Chase's EPS meet or exceed the consensus estimate of $5.38?

A strong EPS figure could indicate robust profitability and operational efficiency, which are crucial for investor confidence.

What insights will management provide regarding revenue growth and economic conditions?

Understanding revenue trends and management's outlook on the economy will help investors gauge future performance and risk.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent interest rate changes on JPMorgan's profitability, which could lead to stronger-than-expected earnings.

Supporting Evidence

Options are pricing a larger move than historical averages, suggesting heightened expectations that may not reflect actual performance.

Recent insider selling could indicate a lack of confidence in the near-term outlook, contrasting with the optimistic consensus.

Key Risk

If the bank's revenue growth comes in below $47.4B, it could undermine the positive sentiment surrounding its earnings.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether JPMorgan can sustain its growth amid economic uncertainty, making these metrics critical.

Bull Confirmed If

An EPS of $5.54 or higher, coupled with revenue exceeding $50.0B, would confirm the bull case.

Bear Confirmed If

An EPS below $5.09 or revenue falling short of $47.4B would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.75%

Historical Avg

±2.4%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±7.7% while JPM has averaged ±2.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

20.6%

Calls (2.1M)P/C Ratio: 0.55Puts (1.3M)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$55.3M

180,391 sh

8 insiders

Net

$55.3M

Net selling

Most Active Insiders· 8 open-market trades

Chairman & CEODIMON JAMES
$40.0M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If JPMorgan beats expectations, history suggests the stock could rise by about 0.82% on the following day, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance from management.

Miss

A miss could lead to a decline of around 4.19%, reflecting investor disappointment and concerns about the bank's performance.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

6 buys·1 sell

Members

House + Senate

Est. Notional

$56,007.00–$190,000.00

disclosed dollar ranges

Most Active Members

R-OHDavid J. TaylorRep.
3

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth and credit quality metrics.
2Management's commentary on consumer spending trends and economic outlook.
3Insights into cost management strategies and operational efficiencies.
4Details on any changes in interest rates and their impact on profitability.
5Updates on regulatory changes that could affect the banking sector.