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JPMorgan Maintains $105B Spend, Emphasizes AI Investments

2/23/2026

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Summary

Story summary

JPMorgan Chase & Co. kept its annual adjusted expense forecast at $105 billion while prioritizing branch modernization and AI investments.
U.S. consumers remain resilient despite high rates, supporting stable credit quality and card spending.
The bank aims for 17% return on tangible common equity.
The bank will invest $19.8 billion in technology in 2026.
CFO Jeremy Barnum of JPMorgan Chase & Co. cited AI's role in revenue growth.

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Story summary

JPMorgan Chase & Co. kept its annual adjusted expense forecast at $105 billion while prioritizing branch modernization and AI investments.
U.S. consumers remain resilient despite high rates, supporting stable credit quality and card spending.
The bank aims for 17% return on tangible common equity.
The bank will invest $19.8 billion in technology in 2026.
CFO Jeremy Barnum of JPMorgan Chase & Co. cited AI's role in revenue growth.