Global Banks Research Highlights: Week Ending Jul 31, 2026

Research evidence excerpt

Global Banks Research Highlights: Week Ending Jul 31, 2026

J P M O R G A N Global Equity Research

31 July 2026

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Global Banks Research Highlights

Week Ending Jul 31, 2026

This report provides a summary of research produced by J.P. Morgan Global Bank Global Equity Research

ACEquity Research. Key highlights from the past week: Global Equity Research

• Huntington Bancshares: Mixed 2Q: Softer Net Interest Income, NIM gr_publications@jpmorgan.comJ.P. Morgan Securities LLC

Outlook But Fee Income Stronger; Merger Integration On Track

• Australian Banks: Challengers turn up the heat in the deposit market

• National Australia Bank: Business bank briefing: Momentum still intact but

time will tell on asset quality caution

• APRA Jun-26 Banking Stats: Credit growth accelerated slightly on business

strength, but the mortgage slowdown is still to come

• First Citizens BancShares, Inc.: 2Q26: Shares O/P On Low Bar But We

Temper Expectations Tied To NIM Outlook, SVB, & Buybacks; N

• Columbia Banking System: 2Q26: NIM Rebound to 4%+ in 3Q Appears Too

Optimistic While We See Minimal NII Growth in 2027; N

• Valley National Bancorp: 2Q26: Favorable NII and NIM Expansion With

Additional Upside Likely Through YE26 and 2027; OW

• Pinnacle Financial Partners: 2Q26: We View NIM “Reset” As Manageable

With Balance Sheet Growth & Hiring Fully Intact; Overweight

• Flagstar Bank: 2Q26: Buyback Timing TBD, Another NII Outlook

Reduction, & Credit Keep Us Fully Comfortable At N