摩根大通 2026年季度报告

FORM 10-QQuarterly report pursuant to Section 13 or 15(d) ofthe Securities Exchange Act of 1934 Commission filenumber 1-5805 JPMorgan Chase & Co. (Exact name of registrant as specified in its charter) 13-2624428(I.R.S. employeridentification no.) Title of each class Depositary Shares, each representing a one-four hundredth interest in a share of 6.00% Non-Cumulative Preferred Stock, Series EEJPM PR C Depositary Shares, each representing a one-four hundredth interest in a share of 4.75% Non-Cumulative Preferred Stock, Series GGJPM PR J Depositary Shares, each representing a one-four hundredth interest in a share of 4.55% Non-Cumulative Preferred Stock, Series JJJPM PR K Depositary Shares, each representing a one-four hundredth interest in a share of 4.625%Non-Cumulative Preferred Stock, Series LLJPM PR L Depositary Shares, each representing a one-four hundredth interest in a share of 4.20% Non-Cumulative Preferred Stock, Series MMJPM PR M Guarantee of Callable Fixed Rate Notes due June 10, 2032 of JPMorgan Chase FinancialCompany LLCJPM/32 Guarantee of Alerian MLP Index ETNs due January 28, 2044 of JPMorgan Chase FinancialCompany LLCAMJB Indicate by check mark whether the registrant (1) has filed all reportsrequired to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during thepreceding 12 months (or for such shorter period that theregistrant was required to file such reports), and (2) has been subject to suchfiling requirements for thepast 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of RegulationS-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).☐Yes☒ Number of shares of common stock outstanding as of March31, 2026: 2,679,511,418 FORM 10-QTABLE OF CONTENTS Part I – Financial informationPageFinancial StatementsConsolidated Financial Statements –JPMorgan Chase & Co.:Consolidated statements of income(unaudited) for the three months endedMarch 31, 2026 and 202580Consolidated statements of comprehensiveincome (unaudited) for the three monthsended March 31, 2026 and 202581Consolidated balance sheets (unaudited) atMarch 31, 2026and December 31, 202582Consolidated statements of changes instockholders' equity (unaudited) for thethree months ended March 31, 2026 and202583Consolidated statements of cash flows(unaudited) for the three months endedMarch 31, 2026 and 202584Notes to Consolidated Financial Statements(unaudited)Note 1 - Basis of presentation85Note 2 - Fair value measurement86Note 3 - Fair value option98Note 4 - Derivative instruments101Note 5 - Noninterest revenue and noninterestexpense113Note 6 - Interest income and interest expense115Note 7 - Pension and other postretirementemployee benefit plans116Note 8 - Employee share-based incentives116Note 9 - Investment securities117Note 10 - Securities financing activities121Note 11 - Loans123Note 12 - Allowance for credit losses139Note 13 - Variable interest entities142Note 14 - Goodwill andmortgage servicingrights149Note 15 - Deposits152Note 16 - Leases152Note 17 - Preferred stock153Note 18 - Earnings per share154Note 19 - Accumulated other comprehensiveincome/(loss)155Note 20 - Restricted cash and other restrictedassets156Note 21 - Regulatory capital157Note 22 - Off-balance sheet lending-relatedfinancial instruments, guarantees, and othercommitments159Note 23 - Pledged assets and collateral162Note 24 - Litigation163Note 25 - Business segments & Corporate166 PageReport of Independent Registered PublicAccounting Firm168Consolidated Average Balance Sheets,Interest and Rates (unaudited) for the threemonths ended March 31, 2026 and 2025169Glossary of Terms and Acronyms and Line ofBusiness Metrics170Item 2.Management’s Discussion and Analysis ofFinancial Condition and Results of Operations.Consolidated Financial Highlights3Introduction4Executive Overview5Consolidated Results of Operations9Consolidated Balance Sheets and CashFlows Analysis12Explanation and Reconciliation of the Firm’sUse of Non-GAAP Financial Measures15Business Segment & Corporate Results17Firmwide Risk Management32Capital Risk Management33Liquidi