NEWEarnings
JPMorgan (JPM) Increases 2026 Expense Forecast by $1 Billion
Published on 5/27/2026
AI Summary
JPMorgan (JPM) CEO Jamie Dimon announced that the bank expects expenses to rise an additional $1 billion in 2026, bringing the total to approximately $106 billion. Investment banking and trading revenues are anticipated to increase 10% and 11%, respectively, in Q2 compared to the previous year. Dimon noted that trading fees have exceeded expectations, bolstered by deregulation and AI investments driving Wall Street activity. Despite these projections, JPMorgan's stock has fallen nearly 3% recently and is down 7% since the start of the year.
Related News
M&A
JPMorgan Chase (JPM) Could Spend $20 Billion on Acquisition
May 27
Earnings
Bank of Montreal (BMO) and Rivals Increase Dividends Amid Earnings Growth
May 27
Earnings
Boeing (BA) Set to Increase MAX Production Levels Again
May 27
Earnings
Digital Turbine (APPS) Stock Gains 53.3% Following Q4 Earnings Report
May 27