- Revenue: $31.795 billion in QQ1 2026, up 6% YoY; QoQ data not disclosed in press release, but management noted seasonality and balance sheet effects in NII timing.
- Net Interest Income (NII): up ~5% YoY; down ~2% QoQ due to two fewer days in the quarter and the impact of rate cuts in 4Q24 on floating-rate assets, partially offset by higher loan/deposit balances and fixed asset repricing.
- Net Interest Margin (NIM): declined ~13 bps from 4Q24, driven mainly by Markets balance sheet growth, higher interest-bearing deposits, and rate moves.
- Loans: period-end loans up 11% YoY, surpassing $1 trillion; average loans up ~10% YoY, led by Commercial & Industrial and consumer portfolios (auto, cards).
- Deposits: up ~7% YoY; growth more pronounced in interest-bearing deposits, consistent with post-asset-cap expansion strategy.
- Credit quality: nonperforming assets as a percentage of total loans stable vs. 4Q and down vs. prior year; C&I and consumer (card) net loan charge-offs modestly higher vs. 4Q but improved vs. a year ago.
- Capital and liquidity: CET1 ratio 10.3% (within 10.0%–10.5% target); common shares outstanding down ~6% YoY; excess capital to support client activity and share repurchases.
- Capital policy and regulation: Basel III endgame implies ~7% RWA reduction; G-SIB surcharge ~1.5%; management expects to reassess excess capital after final rule finalization.
- Guidance: NII guidance maintained at ~$50 billion for 2026; noninterest expense guidance ~${55.7} billion; Markets NII guided around ${2} billion for 2026; confidence in ROTCE progression to the 17%–18% range over time with ongoing organic growth across segments.