U.S. Large-Cap Banks: Jason Goldberg's Bank Brief | Volume 23, Issue 111 | 6.22.26

研报英文原文证据摘录

U.S. Large-Cap Banks: Jason Goldberg's Bank Brief | Volume 23, Issue 111 | 6.22.26

Equity Research

22 June 2026

U.S. Large-Cap Banks

Jason Goldberg's Bank Brief |

Volume 23, Issue 111 | 6.22.26

Dimon expects to stay JPM CEO for another 3 years, U.S. Large-Cap Banks

regulators to lift C’s consent order soon, per Barron’s; GS POSITIVE

1Q26 FICC hit reportedly due to losses tied to rate hedges sold U.S. Large-Cap Banks

Jason M. Goldberg, CFA

to corporates; S&P ups KEY outlook to positive; PNC converts +1 212 526 8580

FB; Banks comment on B3, GSIB; Loans, deposits continue to jason.goldberg@barclays.com

BCI, US

climb

Research Released

Weekly Bank Briefing (6/21/26). Loans increased for the 18th week in 21 to a record high while

deposits rose for the 16th week in 20 putting both up ~2% QTD on an average basis. Loans rose

7.7% y-o-y, its fastest past in more than 3 years. Trading (up 8-18%) and investment banking

(10-20%) revenues are both tracking higher y-o-y.

Large-Cap Banks Valuation Table (6/18/26 close)

Daily Dose

Chart of the Day. Wednesday after the close, the Fed will announce the results of its annual

bank stress test though this year’s results will not impact large bank capital requirements. This

follows the Fed’s February announcement that it would maintain the current stress test capital

buffer requirements until 2027, when new requirements can be calculated based on loss-

estimating models that take public feedback into consideration. In addition, bank regulators are

in the process of changing the calculation of RWA and the GSIB surcharge. Nevertheless, we still

expect investors to monitor each bank’s stress capital buffer (SCB). Today’s Chart of the Day

includes our expectations. On Wednesday night one simply has to input the minimum projected