JPMorgan Chase & Co. (NYSE:JPM) stock traded higher on Tuesday after the bank reported second-quarter 2026 earnings beat and raised its outlook.
CFO Jeremy Barnum said the outlook boost was primarily led by stronger deposit balances across consumer and wholesale businesses, along with a more favorable deposit mix.
Higher interest rates at both the short and long ends of the curve also contributed to the improvement. Barnum noted that deposit growth, rather than rate changes, was the main factor behind the revised outlook.
Notably, JPMorgan raised its 2026 net interest income outlook to about $105.5 billion from $103 billion previously. Net interest income guidance was raised to about $96.5 billion excluding Markets, up from its prior forecast of $95 billion, with the second-half performance pointing to a higher exit run rate.
Earnings Details
