other material
confidence high
sentiment neutral
materiality 0.80
JPMorgan 2026 outlook: NII ~$104.5B, expense ~$105B, ROTCE target 17%
JPMORGAN CHASE & CO
- FY25 revenue $186B, net income $57B (+8% YoY), ROTCE 20%.
- 2026 NII ex Markets ~$95B; firmwide NII ~$104.5B.
- 2026 adj expense ~$105B (+~9% YoY); card NCO rate ~3.4%.
- Long-term through-the-cycle ROTCE target reaffirmed at 17%.
- Dividend 4Q25 $1.50/sh, up from $1.25 in 4Q24.