JPMorgan Chase & Co.

Rule Changes

Matching $1,000 for employees' children

The program launched July 4, 2026, opening for contributions on America's 250th birthday. Treasury deposited $1,000 into 1.4 million eligible accounts, committing $1.4 billion in total; 6 million children are now enrolled.

Updated 7 days ago

New Capabilities

Both a reference customer for Anthropic's financial agents and a lead underwriter for its IPO

Four weeks after unveiling its Wall Street agents, Anthropic filed a confidential S-1 with the SEC on June 1, 2026, backed by a $65 billion funding round at a $965 billion valuation. JPMorgan Chase—the bank whose CEO Jamie Dimon co-headlined the May 5 product launch—is one of three lead underwriters.

Updated Jun 3

Money Moves

Reported record Q1 2026 profit of $5.94 EPS on $50.54B revenue, beating estimates

The six largest American banks wrapped up first-quarter 2026 reporting with combined net income of $47.3 billion, with trading floors thriving on Iran war volatility even as the outlook darkened. JPMorgan earned $5.94 per share on $50.54 billion in revenue as fixed-income trading surged 21 percent to $7.08 billion, while Citigroup posted its best quarterly revenue in a decade at $24.63 billion. Bank of America earned $1.11 per share, its highest in nearly two decades. Morgan Stanley posted a record equities trading quarter of $5.15 billion and a 29 percent jump in profit. Goldman Sachs led the week with record equities trading revenue of $5.33 billion. The banks announced roughly 5,000 job cuts, using the profit windfall to trim headcount rather than expand.

Updated May 31

Money Moves

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

Bank of America agreed to pay $72.5 million to settle a lawsuit alleging it ignored red flags in Epstein's banking, including over $170 million in Leon Black payments not reported as suspicious until his 2019 death. On April 3, U.S. District Judge Jed Rakoff approved the settlement, following $290 million JPMorgan Chase and $75 million Deutsche Bank settlements in 2023.

Updated May 30

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 and houses 14,000 employees.

Updated May 27

Rule Changes

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

Donald Trump banked with JPMorgan Chase for decades; after the January 6 Capitol attack, the bank gave him 60 days to move hundreds of millions of dollars. As sitting president, he's suing the bank and its CEO for $5 billion, alleging political discrimination.

Updated May 22

Money Moves

Launching and scaling the Security and Resiliency Initiative

Berkshire Hathaway is executing a leadership transition as Warren Buffett hands the CEO role to Greg Abel on January 1, 2026. The transition includes a CFO succession plan, a new in-house general counsel, and a new GEICO CEO. JPMorgan Chase is launching a $1.5 trillion, decade-long Security and Resiliency Initiative (SRI) to finance and invest in U.S. critical industries.

Updated May 10