My 2c on Financials: US Financials Sector Specialist Commentary Banks • Insurance • Diversified Financials

Research evidence excerpt

My 2c on Financials: US Financials Sector Specialist Commentary Banks • Insurance • Diversified Financials

Rob O'Dwyer - Specialist Sales - US Financials AC North America Specialist Sales J P M O R G A N

rob.odwyer@jpmorgan.com JPM | US Fins Daily - My 2c...CCAR

J.P. Morgan Securities LLC / Consumer Spending / Insurance

Pricing

16 June 2026

board the consumer recovery trade.

Finally a note from Pablo oninsurance pricing ahead of PGR & ALL monthly numbers this month. The latest JPM auto

tracker continues to show pricing momentum holding in, reinforcing the view that we’re still in a supportive part of the

underwriting cycle. That keeps the earnings backdrop constructive, even as investors increasingly debate how far through peak

margins we are.

Financials Research

• Cryptocurrency Markets - June 12 Spot ETP Flows: Mixed, Lower Absolute Level of Flows on Friday ($81mn); Week

Overall Sheds $368mn, Moderation from Prior Week- Kenneth B Worthington here

• Bullish -Opportunities and Risks in Bullish’s Acquisition of Equiniti — Concerns for UK Business under Dematerialization-

Kenneth B Worthington here

• J.P. Morgan P&C Insurance -Personal Auto Price Tracker: June 2026- Pablo S Singzon here

• American Express - May 2026 Managed Data Release- Richard Shane here

• JPM Credit Card Trust Tracker -May 2026 Review- Richard Shane here

• Fiserv, Inc. -Fiserv Names Georgakopoulos CEO as Lyons Exits for Truist; FY26 Guide Reaffirmed - Tien-tsin Huang here

• Large Cap Banks CCAR 2026 Preview - Cat IV Banks SCB Reduction, Wells Changes Impact on SCB; Unusual Trading

Result Reversal? NBFI Treatment?- Vivek Juneja here

• Truist Financial Corp - CEO Change: Sooner Than Expected But Not a Surprise; New CEO Experienced Bank Executive-

Vivek Juneja here

Save the Date: J.P. Morgan Event