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JPMORGAN CHASE & CO

For the period ended Mar 31, 2026. Filed May 1, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 1, 2026

JPM$334.49-0.8%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Firmwide Risk Management

Risk is an inherent part of JPMorganChase’s business activities. When the Firm extends a consumer or wholesale loan, advises customers and clients on their investment decisions, makes markets in securities, or offers other products or services, the Firm takes on some degree of risk. The Firm’s overall objective is to manage its business, and the associated risks, in a manner that balances serving the interests of its clients, customers and investors, and protecting the safety and soundness of the Firm.

The Firm believes that effective risk management requires, among other things:

Acceptance of responsibility, including identification and escalation of risks by all individuals within the Firm;

Ownership of risk identification, assessment, data and management within each of the LOBs and Corporate; and

A Firmwide risk governance and oversight structure.

The Firm follows a disciplined and balanced compensation framework with strong internal governance and independent oversight by the Board of Directors. The impact of risk and control issues is carefully considered in the Firm’s performance evaluation and incentive compensation processes.

Risk governance framework

The Firm’s risk governance framework involves understanding drivers of risks, types of risks, and impacts of risks.

Refer to pages 83–87 of JPMorganChase’s 2025 Form 10-K for a further discussion of Firmwide risk management governance and oversight.

Risk governance and oversight functions

The following sections of this Form 10-Q and the 2025 Form 10-K discuss the risk governance and oversight functions in place to oversee the risks inherent in the Firm’s business activities.

Strategic Risk88
Capital Risk33-4089-99
Liquidity Risk41-47100-107
Reputation Risk108
Consumer Credit Risk50-53112–117
Wholesale Credit Risk54-62118-128
Investment Portfolio Risk66132
Market Risk67-73133-142
Country Risk74143-144
Climate Risk145
Operational Risk146-149
Compliance Risk150
Conduct Risk151
Legal Risk152
Estimations and Model Risk153
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.