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 Nrob.odwyer@jpmorgan.com

J.P. Morgan Securities LLC 16 July 2026

• BlackRock -Upgrading to Overweight - A Strong 2Q26 with More Operating Leverage Ahead; Strong Fundamental Outlook

Provides Upside to Stock That Has Lagged- Michael Cho here

• First Horizon Corp - 2Q26: EPS Beat Overshadowed by Less Favorable Trends on Deposit Costs, Competition, & Outlook;

N- Anthony Elian here

• J.P. Morgan P&C Insurance -Commercial Multi-Peril Price Tracker: 2Q26- Pablo S Singzon here

• Travelers Cos - 2Q26 Preview- Pablo S Singzon here

Save the Date: J.P. Morgan Event

Event Type Start Event Name Marketing Cities

Company Marketing Jul 07 MOODY'S AVIATION CREDIT RATING AGENCY ROUNDTABLE Virtual - United States

Analyst Access Jul 07 ANTHONY ELIAN Chicago - United States

Expert Access Jul 09 2026 J.P. MORGAN AMERICAS MACRO CREDIT CONFERENCE New York

Analyst Access Jul 14 KENNETH WORTHINGTON Baltimore - United States

Company Marketing Jul 30 FIFTH THIRD BANCORP Boston - United States

Company Marketing Nov 04 FIRST HORIZON CORP. Boston, New York - United States

J.P. Morgan Financials Contacts

Sector Specialists:

US Financials: Rob O’Dwyer rob.odwyer@jpmorgan.com +1 2126222673

EU Financials: Gigi Sparling ghislaine.sparling@jpmorgan.com +44 207 134 0355

APAC Financials: Ayano Tsunoda ayano.tsunoda@jpmorgan.com +81367367628

Financials Trading:

Taylor Barry taylor.barry@jpmchase.com +1 212 622 2776

Large CapBanks Research:

Vivek Juneja vivek.juneja@jpmorgan.com +1 212 622 6465

Andrew Dietrich aj.dietrich@jpmorgan.com +1 212 622 4244