JPMorgan Guides 2026 Net Interest Income to ~$106.2B, Flags Market Dependence
JPM sits 21% above its 52-week low of $279.1.
Summary
JPMorgan provided 2026 net interest income guidance of about $106.2 billion, noting the figure is market dependent. The bank sees 2026 net interest income ex-markets of about $97.2 billion, also market dependent. For the fourth quarter, JPMorgan expects net interest income of about $28 billion, with ex-markets NII of about $25.5 billion, both market dependent. The company also guided 2026 adjusted expense to about $108.6 billion and fourth-quarter adjusted expense to about $27.5 billion, each market dependent. Looking further ahead, JPMorgan sees 2027 net interest income ex-markets of about $107 billion in its central case. The NII outlook is a key input for investors modeling the bank's core lending profitability next year, and the 'market dependent' caveat signals sensitivity to rate and balance sheet conditions. This guidance adds a new forward-looking element beyond the already-reported Q3 results, which showed $15.31 billion in net income.
At the time of this announcement, JPM was trading at $338.97 on NYSE in the Finance sector, with a market capitalization of approximately $888.6B. The 52-week trading range was $279.10 to $366.50. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.