JPMorgan Chase passes 2026 stress test with 12.4% CET1 minimum under severe recession

Filed June 24, 2026 · Period ending June 24, 2026 · ~1 min read

Key Changes

• high

  CET1 ratio would fall from 14.6% to a minimum of 12.4% under a severe recession scenario (10% unemployment, 58% stock decline, 30% housing drop), well above the 4.5% regulatory floor.

  Exhibit 99 verify on EDGAR →
• high

  Projected $124.5B in cumulative losses over nine quarters, including $95.6B in credit provisions and $10.9B in trading losses, offset by $135.9B in pre-provision net revenue.

  Exhibit 99 verify on EDGAR →
• high

  Credit card portfolio would sustain highest losses at $27.1B (12.1% loss rate), followed by commercial & industrial loans at $26.2B (12.8% rate) and CRE at $6.9B (4.5% rate).

  Exhibit 99 verify on EDGAR →