Global Banks Research Highlights: Week Ending Jul 31, 2026

研报英文原文证据摘录

Global Banks Research Highlights: Week Ending Jul 31, 2026

J P M O R G A N Global Equity Research

31 July 2026

This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the

territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan.

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