JPMORGAN CHASE & (JPM) Company Report

Exploring spot and derivatives crypto trading for institutions, contingent on client demand, risk assessments and regulations.
Completed tokenization projects on Ethereum and Solana, and filed for Bitcoin-backed structured notes tracking BlackRock’s BTC ETF.
Permitting clients to use BTC and ETH as loan collateral but will not offer custody services.

2 days ago

Bloomberg

JPMorgan Chase announces weekly YieldMax® ETF distributions

JPM

Dividends

On December 19, 2025, YieldMax® ETFs declared weekly distributions for its Group 2 option income strategy ETFs, covering 33 funds including ABNY, AIYY, AMDY and others.
Distribution per share ranged from $0.0495 (NFLY) to $0.9867 (CVNY), with distribution rates spanning 15.27% (BRKC) to 125.67% (CVNY).
30-Day SEC yields varied between 1.15% (AMDY) and 4.66% (MARO), while estimated return of capital (ROC) percentages ranged from 0% to 100% across the ETF lineup.

7 days ago

Press Release

JPMorgan Asset Management launches first tokenized money market fund

JPM

Product Launch

J.P. Morgan Asset Management launched My OnChain Net Yield Fund (MONY), its first tokenized money market fund on the Ethereum blockchain via Kinexys Digital Assets.
Structured as a 506(c) private placement for qualified investors, MONY invests exclusively in U.S. Treasury securities and fully collateralized repurchase agreements.
Investors can subscribe and redeem MONY using cash or stablecoins through the Morgan Money institutional platform, with daily dividend reinvestment and peer-to-peer token transferability.
As the largest GSIB to offer a tokenized money market fund, J.P. Morgan aims to enhance transparency, transaction efficiency, and collateral flexibility via blockchain technology.

Dec 15, 2025, 2:00 PM

Press Release

JPMorgan Chase outlines 2026 outlook at GS Financial Services Conference

JPM

Guidance Update

Legal Proceedings

New Projects/Investments

Stable credit trends: 30+-day card delinquencies have improved year-over-year for ten months, auto-loan vintages from 2022-23 are normalizing, and charge-off expectations for H2 2025 have been lowered.
2026 expense guidance: firm-wide operating expenses are projected at $105 billion, with CCB’s growth driven by volume-related costs, strategic investments (branches, AI, tech), and inflationary increases.
Card and deposit growth: on track to add ~10.5 million new card accounts in 2025, maintaining profitability through higher annual fees and co-funded merchant partnerships; planning for interchange rate concessions under MDL 1720.
AI-driven productivity gains: operations specialists’ productivity expected to rise 40–50% via AI-enabled automation, digital assistance, and process improvements, already delivering a ~6% efficiency increase.

Dec 9, 2025, 5:20 PM

Transcript

JPMorgan Chase sees resilient consumers and outlines 2026 guidance

JPM

Guidance Update

Legal Proceedings

Consumers and small businesses remain resilient with normalized but stable cash buffers, solid spending (up in Q4 vs. Q1–Q3), and a normal divergence in high- vs. low-income spend trends, though the environment is more fragile with less capacity to absorb stress.
Credit card charge-off outlook improved, with 2025 now expected at 3.3% (down from 3.6%) and a 2026 range of 3.6%–3.9%, shifted lower by ~30 bps given the benign macro outlook.
2026 firmwide expenses are budgeted at $105 billion, driven chiefly by (1) growth‐related volumes, (2) strategic investments (branches, advisors, AI, product refreshes), and (3) structural inflation and real-estate costs.
Deposit balances are flat year-over-year and quarter-over-quarter, despite ~2 million net new accounts annually, as yield-seeking behavior moderates later than expected; an inflection point is anticipated in late 2026.
Card business refreshes (e.g., Sapphire) support double-digit fee growth and profitability, while the proposed merchant litigation settlement involves significant interchange concessions and honor-all-cards flexibility that JPMorgan will adapt to.

Dec 9, 2025, 5:20 PM

Transcript

JPMorgan Chase outlines 2026 expense plan and business trends at GS Financial Services Conference

JPM

Guidance Update

New Projects/Investments

$105 billion in expected firm-wide expenses for 2026, driven by volume-related growth, strategic investments in branches and technology, and inflationary pressures.
Consumer deposits remain stable year-on-year with ~2 million net new accounts annually, though the deposit growth inflection is now expected later in 2026.
Card acquisitions are on track for 10.5 million new accounts in 2025; the Chase Sapphire refresh has delivered strong early customer engagement while preserving profitability through higher fees and co-funded merchant partnerships.
Early-stage credit metrics show stable to improving delinquencies across card and auto portfolios, leading to a downward adjustment in 2025 charge-off expectations for H2.
AI initiatives have already increased operations specialist productivity by 6% in the first year, with a goal of 40–50% productivity improvement over five years through automation and AI-assisted processes.

Dec 9, 2025, 5:20 PM

Transcript

J.P. Morgan Asset Management proposes mutual fund-to-ETF conversions

JPM

Product Launch

J.P. Morgan Asset Management plans to convert four U.S. mutual funds totaling $4.6 billion in AUM to ETFs in mid-2026, subject to Fund Board approval in February.
The funds include the New York and California Tax Free Bond Funds ($415 mn and $427 mn), the Preferred and Income Securities Fund ($1,727 mn), and the U.S. GARP Equity Fund ($2,049 mn), with proposed conversion dates from June 12 to July 10, 2026.
The conversion is intended to offer investors additional trading flexibility, greater portfolio transparency, and enhanced tax efficiency.
If approved, the conversions would proceed without requiring shareholder votes and maintain existing distribution arrangements.

Dec 9, 2025, 3:04 PM

Press Release

JPMorgan names Todd Combs to lead $10B Strategic Investment Group

JPM

Management Change

New Projects/Investments

Todd Combs, CEO of GEICO and Berkshire Hathaway investment manager, will join JPMorgan in January 2026 to lead its new $10 billion Strategic Investment Group, reporting directly to CEO Jamie Dimon and serving as Special Advisor to the Operating Committee.
The Group is part of a broader $1.5 trillion Security and Resiliency Initiative targeting defense, aerospace, healthcare, and energy sectors, in collaboration with JPMorgan’s Commercial & Investment Bank and Asset & Wealth Management divisions.
An External Advisory Council chaired by Jamie Dimon—including Jeff Bezos, Michael Dell, Jim Farley, Robert Gates, and Condoleezza Rice—will guide the initiative’s strategy and investment priorities.
As of September 30, 2025, JPMorgan reported $4.6 trillion in assets and $360 billion in stockholders’ equity, underscoring its capacity to support the initiative.

Dec 8, 2025, 11:11 AM

Bloomberg

JPMorgan warns Europe’s weakness risks US economy

JPM

New Projects/Investments

JPMorgan CEO Jamie Dimon warns that Europe’s slow bureaucracy and political challenges threaten both the region’s competitiveness and the U.S. economy, with potential fragmentation undermining U.S. security interests.
The bank plans to invest $1.5 trillion over the next decade in sectors that strengthen U.S. national defense, exceeding prior commitments by $500 billion.
JPMorgan will allocate $10 billion of its own capital to support expansion and innovation in strategic manufacturing sectors.
The firm is set to expand its London headquarters into its largest base across Europe, the Middle East, and Africa.

Dec 6, 2025, 9:16 PM

Bloomberg

JPMorgan forecasts Fed rate cut in December

JPM

Guidance Update

JPMorgan Chase revised its outlook to predict the Federal Reserve will implement a 0.25% rate cut at its December meeting and another in January.
Swap traders are now pricing in an 80% probability of a December rate reduction, up significantly from prior weeks.
The Fed’s Beige Book reports stable economic activity but notes a divergence in consumer spending: lower- and middle-income households are cutting back while high-income spending remains resilient.
Employment showed a slight decline and moderate price increases persist, with tariffs keeping input costs elevated.
Firms are leaning on labor-saving measures such as hiring freezes and attrition rather than layoffs to manage costs amid uncertainty.

Nov 26, 2025, 10:54 PM

Bloomberg

Earnings Transcripts

Quarterly earnings call transcripts for JPMORGAN CHASE &.

Q3 2025

Oct 14, 2025

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Q2 2025

Jul 15, 2025

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Q1 2025

Apr 11, 2025

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View All Transcripts

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JPMORGAN CHASE & (JPM)

Analyst Earnings Quarterly Reports

Q3 2025

Q2 2025

Q1 2025

Q4 2024

Executives

Daniel Pinto

Doug Petno

Jamie Dimon

Jennifer Piepszak

Jeremy Barnum

Marianne Lake

Mary Callahan Erdoes

Troy Rohrbaugh

Board Members

Alex Gorsky

Alicia Boler Davis

Brad Smith

Linda Bammann

Mark Weinberger

Mellody Hobson

Michele Buck

Phebe Novakovic

Stephen Burke

Todd Combs

Virginia Rometty

Analyst Coverage

Betsy Graseck

Ebrahim Poonawala

Gerard Cassidy

Erika Najarian

Glenn Schorr

James Mitchell

John McDonald

L. Erika Penala

Matthew O'Connor

Michael Mayo

Mike Mayo

Saul Martinez

Steven Chubak

Christopher McGratty

James Mitchell

Jim Mitchell

Kenneth Usdin

Ken Usdin

Matt O'Connor

Latest news

Earnings Transcripts

Q3 2025

Q2 2025

Q1 2025

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