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 30 July 2026

Improvement Hinges on Early Delinquency Trends Holding- Richard Shane here

• Banc of California, Inc. - 2Q26: Near-Term Setback To Improve L-T Earnings Power With Outlook of Core Franchise Fully

Intact; OW- Anthony Elian here

• ExlService Holdings Inc. - 2Q26 Recap – Beat & Raise with Room for Upward Revisions; BPO Growth Remains Robust-

Puneet Jain here

• Chase Spending Data -Updated Through July 21, 2026- Richard Shane here

• Robinhood - 2Q26 EPS Beat Driven by Disciplined Expenses, Record Txn Revenue, & Other Income; Lowered FY26 Opex

Guide- Kenneth B Worthington here

• Verisk Analytics -Progressive Improvement; 2Q26 Results In-line with 2026 Guidance Reaffirmed- Andrew C Steinerman

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