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AI brief of an SEC Form 8-K · JPMorgan Chase (JPM)

JPMorgan Chase stress test: CET1 ratio projected at 12.4% minimum under severe scenario

Neutral Impact 3 of 5 legal/regulatory Written later

JPMorgan Chase released its 2026 Dodd-Frank Act stress test results on June 24, 2026, based on the Federal Reserve's hypothetical Supervisory Severely Adverse Scenario. The projections show the firm's common equity tier 1 (CET1) ratio falling from 14.6% at the end of 4Q25 to a projected minimum of 12.4%, ending at 14.4% in 1Q28, and $70.2 billion of projected loan losses over nine quarters. The company states that these are hypothetical estimates, not forecasts of actual results.

Key points

  • Projected minimum CET1 ratio of 12.4%, versus 14.6% actual at 4Q25 and a 4.5% regulatory minimum
  • Nine-quarter projected pre-provision net revenue of $135.9 billion and provision for credit losses of $95.6 billion (1Q26 to 1Q28)
  • Projected net income before taxes of $11.4 billion and total projected loan losses of $70.2 billion
  • JPMorgan Chase Bank, N.A. projected minimum CET1 ratio of 13.2%

The filing

CompanyJPMorgan Chase (JPM)
Form8-K, current report
Filed with the SECJun 24, 2026, 4:07 PM ET
Accession number0001628280-26-045169

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 24, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.