8-K filings, October 13-15, 2026: large US banks report net interest income gains
In Form 8-K filings, reports of material events, Bank of America said its net interest income rose 8% in the third quarter of 2026. JPMorgan Chase reported 6% growth, excluding its Markets business.
An update from FactIQ, written from company statements in 8-K filings of US companies to the Securities and Exchange Commission. What is FactIQ?
Key figures
- Bank of America, net interest income growth, third quarter of 2026
- 8%stated in the company's Form 8-K; driven primarily by higher loan and deposit balances
- JPMorgan Chase, net interest income excluding Markets, third quarter of 2026
- $24.7 billionstated in the company's Form 8-K; up 6%
- Morgan Stanley, Wealth Management net revenues, third quarter of 2026
- $9.1 billionstated in the company's Form 8-K as a record; pre-tax margin of 30.4%
- Charles Schwab, revenue, third quarter of 2026
- $7.2 billionstated in the company's Form 8-K as a record; up 17% year-over-year
Large banks said lending income rose in the third quarter of 2026
Net interest income is what a bank earns on loans and investments minus what it pays on deposits. The figures below are from Form 8-K filings, the reports a US company makes on a material event.- JPMorgan Chase said net interest income excluding Markets rose 6% to $24.7 billion. It cited higher deposit, Card Services and wholesale loan balances, partly offset by lower rates.
- Bank of America said net interest income rose 8%, driven primarily by higher loan and deposit balances, Global Markets-related net interest income and fixed-rate asset repricing. It said revenue, net of interest expense, rose 3%.
- Wells Fargo reported a 5% increase in net interest income. It said lower rates on floating-rate assets and higher deposit costs partly offset the gain.
Banks reported different trends in costs and credit losses
- JPMorgan Chase said noninterest expense rose 12% to $27.3 billion. It said net charge-offs, loans written off as not collectable, fell by $389 million to $2.2 billion. It recorded a $539 million net reserve build.
- Citigroup said operating expenses were $14.0 billion, down 2% on a reported basis. It recorded a $2.6 billion provision for credit losses, including $2.2 billion of net credit losses.
- Wells Fargo said commercial net charge-offs rose to 0.18% of average loans from 0.10%. It said the consumer net charge-off rate decreased to 0.70%. It cited efficiency initiatives including an 8% headcount reduction.
Wealth managers and investment banks reported fee growth and inflows
- Morgan Stanley said Wealth Management generated record net revenues of $9.1 billion and a pre-tax margin of 30.4%. It recorded $232 billion of net new assets.
- Charles Schwab said third-quarter revenue grew 17% year-over-year to a record $7.2 billion.
- BlackRock reported $135 billion of iShares net inflows and $66 billion of active net inflows.
- Goldman Sachs said investment banking fees rose 21% year over year. It said its backlog decreased from the end of the second quarter of 2026.
Other companies reported pricing commitments and lease activity
- UnitedHealth Group said it committed to eliminate and rebate profits from its 2026 individual Affordable Care Act (ACA) coverage offerings, returning funds to approximately 1 million members.
- Prologis said it signed leases for 27 million square feet of space expiring in 2026 in its Owned and Managed portfolio.
Source: 8-K filings of US companies to the Securities and Exchange Commission. See which companies FactIQ covers.
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