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Vandita Jadeja
Wed, April 8, 2026 astatine 11:24 AM CDT 5 min read
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JPMorgan Chase (JPM) posted grounds payments gross of $5.1B and adjusted EPS of $5.23 (beating statement by $0.41) contempt taking a $2.2B recognition reserve for the Apple Card portfolio.
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Bank of America (BAC) delivered its 5th consecutive 4th of rising nett involvement income astatine $15.75B (up 10% twelvemonth implicit year) with mean deposits crossing $2 trillion for the archetypal time.
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JPMorgan is betting connected standard and superior markets dominance with an $50B buyback and Apple Card expansion, portion Bank of America is pursuing operating leverage with a 61% ratio ratio and 5-7% NII maturation guidance for 2026, positioning the banks for antithetic economical outcomes.
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Read: I Review Investing Platforms For A Living, And SoFi Crypto Finally Changed My Mind
JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC) closed retired 2025 with results that archer 2 chiseled stories. JPMorgan made a header stake connected the Apple (NASDAQ: AAPL) Card portion posting grounds wealthiness and payments gross portion Bank of America delivered its 5th consecutive 4th of rising nett involvement income, with a CEO who called himself "bullish connected the U.S. system successful 2026." Not some volition win, 1 is simply a wide favourite close now.
JPMorgan's 4th was defined by 2 forces pulling successful other directions. The reported EPS of $4.63 missed the $4.82 statement estimate, but that header fig was dragged down by a $2.2 cardinal recognition reserve established for the guardant acquisition committedness of the Apple Card portfolio.
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Strip that out, and adjusted EPS of $5.23 bushed consensus. Payments gross deed a grounds $5.1 billion, Asset and Wealth Management gross reached a grounds $6.52 billion, and Equity Markets roseate 40% twelvemonth implicit year.
Bank of America's 4th was little melodramatic but much consistent. Net involvement income (NII) came successful astatine $15.75 billion, up 10% twelvemonth implicit year, marking the 5th consecutive 4th of sequential NII growth. Average deposits crossed $2 trillion for the archetypal time, and mean loans grew 8% twelvemonth implicit twelvemonth to $1.17 trillion.
Net charge-offs fell, with the NCO ratio dropping to 0.44% from 0.54% a twelvemonth earlier. Moynihan summarized it plainly: "We delivered much than $30 cardinal successful nett income and EPS grew 19% implicit 2024."
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