JPMorgan Chase & Co. filed an 8-K to furnish its 2026 Company Update presentation, outlining recent performance, strategy, and outlook. The firm reported 2025 revenue of $186B, net income of $57B, return on tangible common equity (ROTCE) of 20% and a 10% compound annual growth rate in tangible book value per share since 2006.
The presentation reiterates a 2026 outlook for net interest income excluding Markets of roughly $95B, firmwide net interest income of about $104.5B, and adjusted expense of roughly $105B. Management targets through-the-cycle ROTCE of 17% and forecasts a 2026 Card Services net charge-off rate of around 3.4% while maintaining a “fortress” balance sheet with substantial liquidity and capital.
JPMorgan emphasizes diversified global franchises across Consumer & Community Banking, Commercial & Investment Bank, and Asset & Wealth Management, highlighting leading market shares in U.S. retail deposits, credit card sales, investment banking fees, Markets revenue, and Treasury and Securities Services. The firm also details significant technology and AI investment, with 2026 technology expense expected at roughly $19.8B, aimed at revenue growth, efficiency gains and risk reduction.
JPMorgan Chase & Co. is offering callable step-up fixed rate notes with scheduled interest steps and a long-dated maturity. The notes pay interest monthly starting on April 11, 2026, carry 5.10% to March 11, 2036, 5.50% to March 11, 2046, and 6.00% thereafter to the Maturity Date of March 10, 2056.
The issuer may redeem the notes in whole on semiannual Redemption Dates each March 11 and September 11 beginning September 11, 2030 and ending September 11, 2055, with notice delivered at least five business days before a Redemption Date. The pricing date shown is March 9, 2026 and the per-note public price is presented on a $1,000 principal amount basis, with selling commissions of approximately $25.00 per $1,000 and an institutional price floor of $927.60 for certain accounts.
JPMorgan Chase Financial Company LLC is offering Uncapped Buffered Return Enhanced Notes linked to the Invesco S&P 500® Equal Weight ETF (RSP) due March 3, 2031. The notes are expected to price on or about February 26, 2026 and to settle on or about March 3, 2026.
Key economics: the Upside Leverage Factor will be at least 1.0425, the Buffer Amount is 10.00%, and investors may lose up to 90.00% of principal if the Fund declines beyond the buffer. Price to public is $1,000 per note; estimated value is approximately $950 and will be no less than $930 per $1,000 principal amount. Selling commissions are up to $30.00 and a structuring fee up to $2.00 per $1,000 note. Payments are unsecured obligations of the issuer and fully and unconditionally guaranteed by JPMorgan Chase & Co.
JPMorgan Chase Financial Company LLC offers structured Buffered Digital Notes linked to the S&P 500® Index due March 4, 2031, fully guaranteed by JPMorgan Chase & Co. The notes pay a fixed 38.75% Contingent Digital Return at maturity if the Final Value is >= the Initial Value or down up to a 20.00% buffer. If the Index declines beyond the 20.00% buffer, investors lose 1% of principal for each 1% the Final Value is below the Initial Value in excess of the buffer, up to an 80.00% principal loss.
The notes are unsecured obligations of JPMorgan Financial, guaranteed by JPMorgan Chase & Co., expected to price on or about February 27, 2026 and to settle on or about March 4, 2026. The example original issue price is $1,000 per note with an estimated indicative value of approximately $984 and a stated floor for the estimated value of $960 per $1,000 principal amount. The document highlights credit risk of the issuer and guarantor, lack of interest/dividends, limited upside (capped at the Contingent Digital Return), potential illiquidity, and tax and model‑valuation risks.
JPMorgan Financial is offering market-linked, auto-callable notes due March 1, 2028 linked to the lowest performing of the Class A common stock of CrowdStrike (CRWD) and the common stock of Palo Alto Networks (PANW). Each security has a $1,000 principal amount; the pricing date is February 25, 2026 and the issue date is March 2, 2026.
The securities pay monthly contingent coupons at a rate determined on the pricing date (the coupon rate will be at least 15.45% per annum) only if the lowest performing underlying’s closing price on a calculation day is at or above its coupon threshold (equal to 60% of its starting price). The securities are auto-callable on monthly calculation days if the lowest performing underlying is at or above its starting price; maturity pay depends on the lowest performing underlying relative to a downside threshold (equal to 50% of its starting price). Price to public is $1,000.00; estimated initial value shown is approximately $961.10 and will not be less than $930.00 when terms are set.
JPMorgan Chase Financial Company LLC is offering capped dual directional accelerated barrier notes linked to the lesser performing of the iShares China Large‑Cap ETF (FXI) and the iShares MSCI Emerging Markets ETF (EEM). The notes carry an Upside Leverage Factor of 3.00%, a Maximum Upside Return of at least 20.00%, and a Barrier Amount equal to 75.00% of each Fund's Strike Value. The Strike Date is February 19, 2026 (Strike Values: FXI $38.61; EEM $61.04), pricing is expected on or about February 23, 2026, settlement on or about February 26, 2026, and maturity on August 24, 2027. Minimum denomination is $1,000. The estimated value at pricing would be approximately $980 per $1,000 note and will not be less than $950. Payments at maturity depend on the Lesser Performing Fund Return and may result in loss of principal.
JPMorgan Chase Financial Company LLC is offering Capped Dual Directional Buffered Return Enhanced Notes linked to the common stock of Adobe Inc. The notes mature on March 2, 2028 and are fully and unconditionally guaranteed by JPMorgan Chase & Co.
The structure provides an Upside Leverage Factor of 1.50 and a Buffer Amount of 20.00. The Maximum Upside Return is at least 46.50. Investors forgo interest and dividends, face issuer and guarantor credit risk, and may lose up to 80.00 of principal if the Reference Stock declines beyond the buffer.
JPMorgan Chase Financial Company LLC priced a new offering of uncapped buffered return enhanced notes linked to the least performing of AppLovin (APP), Salesforce (CRM) and ServiceNow (NOW). The notes have a $1,000 denomination, an Upside Leverage Factor of at least 4.65, a 20.00% buffer and mature on March 3, 2031. The notes are expected to price on or about February 26, 2026 and settle on or about March 3, 2026. The cover shows an estimated value of $931.60 per $1,000 note and a minimum estimated value of $900.00 per $1,000 note. Investors receive the principal plus Least Performing Stock Return × 4.65 if all references appreciate; otherwise a 20.00% buffer applies and losses can reach up to 80.00% of principal. Payments depend on the issuer and guarantor credit of JPMorgan Financial and JPMorgan Chase & Co., and final terms are in the pricing supplement.
JPMorgan Chase Financial Company LLC is offering Dual Directional Review Notes linked to the iShares® Bitcoin Trust ETF (IBIT), with expected pricing on February 23, 2026, settlement on February 26, 2026 and maturity on February 28, 2029. The notes are unsecured obligations of JPMorgan Chase Financial and are fully and unconditionally guaranteed by JPMorgan Chase & Co. (CUSIP 46660MZQ1).
The notes feature an automatic call if the Fund’s closing price on any Review Date is >= the Call Value (100% of Initial Value). Call Premium Amounts increase by Review Date (minimums range from 24.00% to 72.00% of $1,000). A Barrier Amount of 55.00% of Initial Value applies at maturity if the notes are not called. If not called and the Final Value >= Barrier, payment = $1,000 + ($1,000 × Absolute Fund Return) with an effective cap of 45.00% (maximum $1,450.00 per $1,000). If Final Value < Barrier, payment = $1,000 + ($1,000 × Fund Return) and investors may lose more than 45.00% of principal, potentially all principal.
The notes do not pay interest, are expected to have minimum denominations of $1,000, and are linked to a Fund that seeks to reflect bitcoin’s price; the pricing supplement highlights significant volatility, credit risk of the issuer/guarantor, limited liquidity, and tax uncertainty.
JPMorgan Chase Financial Company LLC is offering structured notes due March 11, 2032 guaranteed by JPMorgan Chase & Co. The notes pay no interest, may be automatically called beginning March 10, 2027, and link payoff to the least performing of the Dow Jones Industrial Average®, the Russell 2000® and the S&P 500®.
Key economics disclosed: minimum original issue price $1,000, an estimated value of approximately $971.30 today (not less than $900.00 when set), a Barrier Amount of 75.00% of Initial Value, and staged minimum Call Premium Amounts ranging from $106.50 to $639.00 per $1,000. Review Dates commence March 10, 2027 and the Final Review Date is March 8, 2032.