JPMorgan Chase (JPM) reported third-quarter earnings of $5.57 per share, below the $5.91 estimate and its first miss in almost three years. Revenue reached $50.9 billion, up 8% from a year earlier, and net income was $15.3 billion, though results included a $658 million loss on investment securities. Investment banking fees rose 14% year over year but fell 8% from the second quarter, as rate uncertainty, high energy prices and geopolitical tensions kept many deals on the sidelines. The bank raised its full-year net interest income forecast to about $106.2 billion from $105.5 billion and its expense forecast to about $108.6 billion from $107.5 billion. CFO Jeremy Barnum said the investment banking pipeline remains very strong, while JPM shares were up 0.3% in volatile early trading.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
JPM
▲ Likely positiveJPMorgan Chase
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $891.9B |
| Close on 10/13/2026 | 331.43 |
| Change that session | -0.86% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- JPMorgan Finances Critical US Industries to Tune of $230 Billion
JPMorgan Chase said it has deployed about $230 billion over the past year to U.S. industries critical to national security, including defense, energy, manufacturing and supply chains, under its $1.5 trillion Security and Resiliency Initiative launched in October 2025. The total includes $5 billion in equity investments through its Strategic Investment Group. CEO Jamie Dimon said strong economies require investment in infrastructure, manufacturing, energy, defense and innovation. Morgan Stanley and Bank of America have announced their own programs, while the White House estimates more than $11 trillion in investments have been committed over the past 18 months. The article notes this investment boom is pushing interest rates higher as the Treasury and AI hyperscalers compete for capital, though LPL Financial's Jeff Buchbinder does not expect a recession in 2027.
- US bank stock longest losing streak since 2008 clashes with earnings picture
US bank stocks have posted their longest losing streak since the 2008 financial crisis, with the KBW Nasdaq Bank Index falling for six straight weeks and losing 11% since early September, even though the largest lenders JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Wells Fargo (WFC) reported solid results. The four banks set aside $7.6 billion for credit provisions in the quarter, down about 3% from a year earlier, while actual loan losses fell 5% and lending grew nearly 10%. Credit managers are more worried, however: about 60% expect corporate defaults to rise over the next 12 months, and 85% expect wider spreads on North American junk bonds over the next three months, both sharply higher than in the prior survey. Morgan Stanley still calls bank credit conditions “benign” apart from isolated commercial weakness, while investors fear that persistently high interest rates could squeeze borrowers.
- JPMorgan updates interim targets, progress towards $2.5 trillion goal
- The Investment Case for JPMorgan Chase & Co. (JPM)
Diamond Hill's Large Cap Strategy returned 3.18% net of fees in Q3 2026, outperforming the 2.61% return of the Russell 1000 Value Index, and added JPMorgan Chase as a new holding. The firm said JPMorgan's scale should support continued technology investment that improves efficiency, helping contain expense growth and drive operating leverage. It expects below-average returns across the market due to high equity valuations, though attractive bottom-up opportunities remain. As of October 16, 2026, JPM closed at $339.72, with a $903.04 billion market cap, up 5.43% year-to-date and trading in a 52-week range of $279.10 to $366.50. Hedge fund portfolios holding JPM fell to 113 at the end of Q2 from 131 the previous quarter.
- Jamie Dimon slammed crypto. JPMorgan quietly built JPM Coin.
JPMorgan is expanding its dollar deposit token, JPM Coin, to Ethereum to reach a wider range of institutional clients. Based on reporting of JPMorgan’s statement, the token supports peer-to-peer transfers across EVM networks, including Base and Ethereum. JPM Coin was first used on JPMorgan’s private blockchain to test settling tokenized deposits, and it moved to Base, an Ethereum layer, last year. The host notes that Jamie Dimon, an outspoken crypto critic who has softened somewhat on stablecoins and tokenization, is now putting the bank’s product on public networks. The host sees this as a bullish trend and a possible sign of a hybrid model combining private and public networks.
- JPMorgan brings JPM Coin to Ethereum
JPMorgan is extending its JPM Coin beyond Coinbase's Base network to the Ethereum blockchain, citing Ethereum's deeper liquidity and institutional user base. The largest U.S. bank already moves more than $7 billion a day on its private Kinexys network.
Related markets
Latest news
- J.P. Morgan Stays Top of Extel’s All-America Equities Research Table
Extel's 55th annual All-America Research Team survey ranks J.P. Morgan first in the research team table with 47 published positions, followed by BofA Securities with 44 and Morgan Stanley with 43. UBS posted the largest gain in positions, reaching 42 and climbing to fourth place. In the analyst leaders table, Jefferies takes first place with 43 positions, while UBS leads Extel's weighted ranking of research teams ahead of J.P. Morgan and Evercore ISI. The results reflect the views of 4,451 portfolio managers and analysts at 1,608 institutions across 60 sectors, with 129,919 votes counted. The number of participating institutions fell from 1,705 in 2025, but more firms now sit in the highest commission bands, rising to 89 from 82.
- Visa, Mesh partner to enable crypto spending at 175M merchant locations
Visa and crypto payments network Mesh have partnered so users can spend cryptocurrency and stablecoin balances directly from participating digital wallets at merchants on Visa's network, without transferring funds to a bank account or using a separate crypto card. Merchants receive payments through Visa's existing network without changing their checkout systems. The network covers more than 175 million merchant locations in over 200 countries and territories, and participating wallets and launch dates will be announced later. Mesh will handle funding and conversion between crypto, stablecoins and fiat, as well as onboarding and KYC requirements. The partnership follows Mesh's September integration with Bybit Pay and its $75 million raise in January at a $1 billion valuation.
- Mastercard Brings Its Fraud-Fighting Tools to Stablecoin Payments
Mastercard has launched Stablecoin Security, a tool that lets financial institutions screen stablecoin payments for fraud, scams and sanctions exposure and generate a risk score before a payment settles. Delivered through a platform-agnostic API, it combines Mastercard's payment intelligence with blockchain analytics and launches with Borderless.xyz and Keyrails as initial participants. The move addresses a blind spot flagged by a Bank for International Settlements study, which found nearly 60% of 593 million stablecoin transfers in 2025 were complex, multi-step transactions. The product extends Mastercard's broader stablecoin push, including its Global Money Platform with BVNK, and will launch first in North America, with worldwide availability expected in 2027.
- Better Oil Stock: Chevron (CVX) vs. ExxonMobil (XOM)
The article compares integrated oil majors Chevron (CVX) and ExxonMobil (XOM), whose stocks rose 45% and 58% respectively over the past 12 months as oil prices climbed. Chevron earns about 80% of its profit from upstream operations versus about 70% for ExxonMobil, which has a larger downstream and petrochemicals business. With Brent crude at $110 per barrel, well above breakeven prices of $50 for Chevron and $35 for ExxonMobil, the author argues Chevron's upstream focus suits oil spikes, while ExxonMobil's diversification helps when prices fall. Chevron offers a 3.2% forward yield versus 2.3%, and analysts expect its EPS to grow at a 26% CAGR from 2025 to 2028, compared with 20% for ExxonMobil. Both trade at 15 times next year's earnings, and the author prefers Chevron.
- 10 - Year Treasury Yield Falls 15 Basis Points as Nasdaq - 100 Slides 5 . 5 %
U.S. Treasury yields fell as tech stocks slid in the week ended Oct. 16: the 10-year par yield dropped from 5.24% to 5.09%, a 15-basis-point decline, while the Nasdaq-100 fell about 5.5%. Bloomberg linked the bond rally to commodity trading advisers cutting bearish Treasury futures positions and to investors seeking a haven, and said the joint drop in yields and the Nasdaq-100 was the first such week since the April 2025 tariff turmoil. Long-term yields had climbed for seven months on persistent inflation, a resilient economy and heavy borrowing, hitting their highest levels in more than two decades. Investment-grade companies had sold about $1.7 trillion of bonds in 2026 so far, roughly 29% more than a year earlier, with AI infrastructure borrowing intensifying competition for Treasury buyers. Rate traders still expect one Fed increase by the end of 2026 and another in 2027 ahead of the Oct. 27-28 policy meeting.
- This High-Yielding Dividend Stock Has Soared Past the "Magnificent Seven" in 2026
Target (TGT) shares are up 57% so far in 2026, outpacing the Magnificent Seven tech group, where Tesla is down 18% and Apple leads with a 26% gain as enthusiasm for AI cools. The stock is still down 39% over five years, with its last positive year in 2021, as consumers have pulled back on discretionary spending, but a new CEO and recent earnings progress have renewed investor interest. Growth in the most recent quarter, which ended Aug. 1, was 5.3%, with comparable growth of 3.6%, which the author sees as decent but not spectacular. Target trades at a P/E of 16 versus about 23 for the S&P 500 and 43 for Walmart, and its dividend yields 3% versus roughly 1% for the market, with 55 consecutive years of increases.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.