JPMorgan expects FY2026 net interest income of about $106.2 billion
JPM•JPMorgan expects FY2026 net interest income of about $106.2 billion, including $97.2 billion excluding markets, and adjusted expenses of about $108.6 billion. Its outlook also calls for fourth-quarter net interest income of about $28 billion and 2027 central-case net interest income excluding markets of about $107 billion.
1. Financial outlook
JPMorgan forecast FY2026 net interest income of about $106.2 billion and net interest income excluding markets of about $97.2 billion. It expects adjusted expenses of about $108.6 billion for the year. For Q4 2026, the bank expects net interest income of about $28 billion, net interest income excluding markets of about $25.5 billion and adjusted expenses of about $27.5 billion. Its 2027 central-case outlook is net interest income excluding markets of about $107 billion.
