JPMorgan Chase projected mid-teens percentage growth in investment banking fees and markets revenue for Q1 2026 during its February 23 investor day. Management cited strong deal pipelines as the primary driver for this growth despite recent volatility in technology stocks.
The bank maintained its 2026 adjusted expense guidance at $105 billion. Technology spending will increase 10% year-over-year to $19.8 billion. Leadership emphasized that artificial intelligence investments are now driving tangible revenue improvements.
The firm targets a 17% return on tangible common equity for the year. Total net interest income is projected to reach $104.5 billion for 2026.
JPM shares fell 4.22% to $297.67 on February 23, underperforming the S&P 500’s 1.04% decline. The drop coincided with broader market concerns regarding AI disruption in the technology sector. The stock stabilized on February 24, closing at $297.30 with a marginal 0.12% decline.