-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
JPM delivered exceptional Q1 2026 results with EPS of $5.94 (+17% Y/Y, +28% Q/Q) and net income of $16.5B (+13% Y/Y, +27% Q/Q), with managed revenue of $50.5B (+10% Y/Y) demonstrating strength across all segments. Strong ROE of 19% and ROTCE of 23% validated our investment thesis around capital markets positioning, with record CIB results including Markets revenue of $11.6B (+20% Y/Y) and Investment Banking fees of $2.9B (+28% Y/Y). Management guided 2026 firmwide NII to $103B and adjusted expenses to $105B while maintaining cautious outlook on geopolitical tensions and economic uncertainties. We believe JPM's diversified business model and fortress-like balance sheet with CET1 of 14.5% position it well to navigate complex market conditions ahead. In our view, the bank's ability to generate substantial capital returns of $13.0B while maintaining stable credit quality supports future outperformance, though we expect prudent management given ongoing geopolitical risks. Tangible book value was $108.87, up 8% Y/Y.