Story perspectives

JPMorgan Q3 Profit Misses Forecast, Launches $50B Buyback

By Drooid · Oct 13, 2026, 2:13 PM UTC · How we work

Summary

JPMorgan Misses Forecast

JPMorgan Chase reported third-quarter profit of $15.3 billion, missing the $15.85 billion forecast.
Revenue rose 8% year-over-year to $50.2 billion, below the $51.22 billion estimate.
Net interest income grew 13% to $27.1 billion on higher yields.
JPMorgan launched a $50 billion share-repurchase plan and lifted its dividend to $1.65.
Fixed-income trading revenue fell 4% year-over-year to $5.4 billion, the first decline in over two years.

Summary

JPMorgan Upside Potential

Fair-value models indicate a 14.1% upside potential for JPMorgan shares.
Analysts have raised JPMorgan's EPS estimates by 8.51% over the past 90 days.
JPMorgan's stock trades around $334, up 10.67% year-to-date but down 6.52% monthly.
JPMorgan has beaten EPS in six consecutive quarters, but the stock fell after three of the last four beats.
The forward P/E is 13.8× and price-to-book is 2.5× as of June 30 2026.

History

Historical Context

Lehman Brothers’ September 15 2008 bankruptcy sparked the $700 billion Troubled Asset Relief Program, while the Federal Reserve backed JPMorgan Chase’s March 2008 purchase of Bear Stearns. Leveraging that rescue, JPMorgan posted a $15.3 billion third-quarter profit and launched a $50 billion share-repurchase plan, illustrating how the 2008 crisis enabled its significant global post-crisis strategic expansion.

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JPMorgan Misses Forecast

JPMorgan Chase reported third-quarter profit of $15.3 billion, missing the $15.85 billion forecast.
Revenue rose 8% year-over-year to $50.2 billion, below the $51.22 billion estimate.
Net interest income grew 13% to $27.1 billion on higher yields.
JPMorgan launched a $50 billion share-repurchase plan and lifted its dividend to $1.65.
Fixed-income trading revenue fell 4% year-over-year to $5.4 billion, the first decline in over two years.

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