v3.26.1
Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2026
Credit Loss [Abstract]  
Allowance for credit losses on loans and lending-related commitments
The table below summarizes information about the allowances for credit losses and includes a breakdown of loans and lending-related commitments by impairment methodology. Refer to Note 10 of JPMorganChase’s 2025 Form 10-K and Note 9 of this Form 10-Q for further information on the allowance for credit losses on investment securities.
2026
2025
Six months ended June 30,
(in millions)
Consumer, excluding
credit card		Credit cardWholesaleTotalConsumer, excluding credit cardCredit cardWholesaleTotal
Allowance for loan losses
Beginning balance at January 1,$1,920 $15,557 $8,288 $25,765 $1,807 $14,600 $7,938 $24,345 
Gross charge-offs510 4,978 418 5,906 540 4,616 604 5,760 
Gross recoveries collected(223)(912)(89)(1,224)(248)(698)(72)(1,018)
Net charge-offs/(recoveries)287 4,066 329 4,682 292 3,918 532 4,742 
Provision for loan losses163 4,070 838 5,071 334 4,319 691 5,344 
Other— — (2)(2)— — 6 6 
Ending balance at June 30,$1,796 $15,561 $8,795 $26,152 $1,849 $15,001 $8,103 $24,953 
Allowance for lending-related commitments
Beginning balance at January 1,$83 $2,200 
(e)
$2,788 $5,071 $82 $— $2,019 $2,101 
Provision for lending-related commitments(8)— 94 86 1 — 830 831 
Other— — (6)(6)— — — — 
Ending balance at June 30,$75 $2,200 $2,876 $5,151 $83 $— $2,849 $2,932 
Total allowance for investment securitiesNANANA63 NANANA108 
Total allowance for credit losses(a)
$1,871 $17,761 $11,671 $31,366 $1,932 $15,001 $10,952 $27,993 
Allowance for loan losses by impairment methodology
Asset-specific(b)
$(621)$— $790 $169 $(683)$— $781 $98 
Portfolio-based2,417 15,561 8,005 25,983 2,532 15,001 7,322 24,855 
Total allowance for loan losses$1,796 $15,561 $8,795 $26,152 $1,849 $15,001 $8,103 $24,953 
Loans by impairment methodology
Asset-specific(b)
$3,377 $— $4,191 $7,568 $2,895 $— $4,519 $7,414 
Portfolio-based363,751 249,876 842,613 1,456,240 368,960 232,943 736,156 1,338,059 
Total retained loans$367,128 $249,876 $846,804 $1,463,808 $371,855 $232,943 $740,675 $1,345,473 
Collateral-dependent loans
Net charge-offs$2 $— $117 $119 $(5)$— $108 $103 
Loans measured at fair value of collateral less cost to sell3,377 — 1,812 5,189 2,754 — 1,763 4,517 
Allowance for lending-related commitments by impairment methodology
Asset-specific$— $— $160 $160 $— $— $167 $167 
Portfolio-based75 2,200 
(e)
2,716 4,991 83 — 2,682 2,765 
Total allowance for lending-related commitments(c)
$75 $2,200 $2,876 $5,151 $83 $— $2,849 $2,932 
Lending-related commitments by impairment methodology
Asset-specific$— $— $799 $799 $— $— $922 $922 
Portfolio-based(d)
24,397 24,874 
(f)
574,599 623,870 26,390 321 534,556 561,267 
Total lending-related commitments$24,397 $24,874 $575,398 $624,669 $26,390 $321 $535,478 $562,189 
On January 7, 2026, JPMorganChase announced that Chase will become the new issuer of Apple Card. The Firm entered into a forward purchase commitment on December 30, 2025 to acquire the Apple credit card portfolio (the “Apple Card transaction”), with an expected closing date approximately 24 months thereafter. Refer to Notes 4, 13, 27 and 28 of JPMorganChase’s 2025 Form 10-K for additional information.
(a)At June 30, 2026 and 2025, in addition to the allowance for credit losses in the table above, the Firm also had an allowance for credit losses of $165 million and $288 million, respectively, associated with certain accounts receivable in CIB.
(b)Includes collateral-dependent loans, including those for which foreclosure is deemed probable, and nonaccrual risk-rated loans.
(c)The allowance for lending-related commitments is reported in accounts payable and other liabilities on the Consolidated balance sheets.
(d)At June 30, 2026 and 2025, lending-related commitments excluded $24.7 billion and $20.7 billion, respectively, for the consumer, excluding credit card portfolio segment; $1.2 trillion and $1.0 trillion, respectively, for the credit card portfolio segment; and $47.4 billion and $24.2 billion, respectively, for the wholesale portfolio segment, which were not subject to the allowance for lending-related commitments.
(e)Represents the impact of the Apple Card transaction.
(f)Included approximately $24 billion related to the Apple Card transaction. Refer to Note 13 of the Firm's 2025 Form 10-K for additional information.
U.S. unemployment rates and cumulative change in U.S. real GDP
The following table presents the Firm’s central case assumptions for the periods presented:
Central case assumptions
at June 30, 2026
4Q262Q274Q27
U.S. unemployment rate(a)
4.2 %4.1 %4.1 %
YoY growth in U.S. real GDP(b)
1.7 %1.9 %2.0 %
Central case assumptions
at December 31, 2025
2Q264Q262Q27
U.S. unemployment rate(a)
4.6 %4.4 %4.2 %
YoY growth in U.S. real GDP(b)
2.0 %1.8 %1.9 %
(a)Reflects quarterly average of forecasted U.S. unemployment rate.
(b)The year over year growth in U.S. real GDP in the forecast horizon of the central scenario is calculated as the percentage change in U.S. real GDP levels from the prior year.