secwatch.observer — SEC 8-K summary
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Issuer:     JPMORGAN CHASE & CO (JPM)
CIK:        0000019617
Form:       8-K
Filed at:   2026-02-23T23:59:59+00:00
Accession:  0001628280-26-010693
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JPMorgan 2026 outlook: NII ~$104.5B, expense ~$105B, ROTCE target 17%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19617/000162828026010693/0001628280-26-010693-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19617/000162828026010693/jpm-20260223.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-010693

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer