Jpmorgan Chase &JPM

01Investment banking fees were up 29%, driven by higher fees across products Advisory fees were $2.3 billion, up 48%, largely driven by higher fees from deals in the Diversified Industries, Financial Institutions and Technology sectors

02As of June 30, 2026, the Firm had eligible end-of-period High Quality Liquid Assets of approximately $956 billion and unencumbered marketable securities with a fair value of approximately $541 billion, resulting in approximately $1.5 trillion of liquidity sources The Firm also had available borrowing capacity at the FHLBs and the discount window at the Federal Reserve Banks as a result of collateral pledged by the Firm to such banks of approximately $457 billion

03A significant portion of the Firm's deposits are consumer deposits and wholesale operating deposits, which are both considered to be stable sources of liquidity Wholesale operating deposits are generally considered to be stable sources of liquidity because they are generated from clients that maintain operating service relationships with the Firm The Firm believes that deposits provide a stable source of funding and reduce the Firm's reliance on the wholesale funding markets

04The Firm's average interest-earning assets were $4.3 trillion, up $442 billion, and the yield was 4.75% For the second quarter of 2026, JPMorganChase reported net income of $21.2 billion, with ROE of 24% and ROTCE of 29% Noninterest expense was $27.3 billion, up 15%, predominantly driven by higher compensation expense as a result of higher revenue-related compensation, wage inflation and growth in the number of employees