Overview
During JPMorgan Chase’s second‑quarter earnings call on 14 July 2026, Chief Executive Jamie Dimon publicly criticised U.S. bank regulators for what he described as an “artificially high” approach to setting capital requirements. He argued that the proposed methodology inflates the capital number and unfairly targets large, diversified banks such as JPMorgan while advantaging Wall Street trading firms.
Capital Requirement Impact
Dimon stated that under the latest draft proposals JPMorgan would need to increase its regulatory capital by approximately 4 percent, whereas the average impact on peer banks would be a 4.8 percent reduction in required capital. He emphasized that the numbers should be calculated “the number should be the number” and warned against “falsely” raising them.
Financial Performance
The bank announced a record second‑quarter profit on the same day. Investment‑banking fees reached their highest level since 2021, driven by a surge in large initial public offerings and heightened dealmaking activity. Additionally, the trading division posted strong results, benefiting from heightened market volatility.