JPMorgan Chase & Co.

Wall Street banks report first-quarter earnings amid Iran war oil shock

Largest U.S. bank by assets; reporting Q1 2026 earnings April 14

The largest American banks began reporting first-quarter 2026 earnings on April 14, delivering results shaped by a quarter unlike any since the early days of the pandemic. The United States and Israel launched airstrikes on Iran on February 28, Iran closed the Strait of Hormuz in early March, and Brent crude oil surged past $120 a barrel — the largest supply disruption in the history of the global oil market, according to the International Energy Agency. Goldman Sachs, reporting a day early, posted record equities trading revenue of $5.33 billion as its traders capitalized on the chaos.

Updated 4 hours ago

Banks that served Epstein have now paid over half a billion dollars to trafficking survivors

Money Moves

Settled for $365 million total (victims + U.S. Virgin Islands)

Bank of America agreed last week to pay $72.5 million to settle a class action lawsuit alleging it ignored red flags in Jeffrey Epstein's banking, including over $170 million in payments from Leon Black without suspicious activity reports until after Epstein's 2019 death. On April 3, U.S. District Judge Jed Rakoff granted preliminary approval, following the $290 million JPMorgan Chase and $75 million Deutsche Bank settlements in 2023.

Updated Apr 4

JPMorgan Chase opens world's largest all-electric skyscraper

Built World

Building owner and occupant

For 60 years, the Union Carbide Building stood at 270 Park Avenue—a 52-story modernist landmark designed by pioneering woman architect Natalie de Blois. JPMorgan Chase demolished it and built something nearly twice as tall: a 1,388-foot supertall skyscraper that runs entirely on hydroelectric power, houses 14,000 employees, and never burns a drop of fossil fuel.

Updated Feb 10

Trump accounts launch: America's first universal child investment program

Rule Changes

Matching $1,000 for employees' children

The United States has never offered universal investment accounts to children. Starting July 4, 2026, every American born between 2025 and 2028 will receive $1,000 from the Treasury Department deposited into a stock market index fund—accessible at age 18 for education, homebuying, or starting a business. Over 1 million families enrolled in the program's first week.

Updated Jan 31

Trump's debanking war with Wall Street

Rule Changes

Defendant in $5 billion lawsuit; cited by OCC for debanking practices

Donald Trump banked with JPMorgan Chase for decades. Seven weeks after the January 6 Capitol attack, the bank gave him 60 days to move hundreds of millions of dollars elsewhere. Now, as a sitting president, Trump is suing America's largest bank and its CEO for $5 billion, alleging political discrimination.

Updated Jan 25

Berkshire’s post–Buffett shake–up meets JPMorgan’s $1.5 trillion security bet

Money Moves

Launching and scaling the Security and Resiliency Initiative

Berkshire Hathaway is executing its most consequential leadership transition in six decades as Warren Buffett prepares to hand the CEO role to Greg Abel on January 1, 2026, backed by a broader reshuffle that maps out CFO succession, installs the conglomerate’s first in‑house general counsel, and names a new CEO at GEICO. At the same time, JPMorgan Chase is launching a $1.5 trillion, decade‑long Security and Resiliency Initiative (SRI) to finance and invest in U.S. critical industries, and has recruited Berkshire investment manager and GEICO CEO Todd Combs to lead its strategic investment group at the heart of that effort.

Updated Dec 11, 2025