Who are JPMorgan Chase's competitors, and what are the alternatives?
JPMorgan Chase competes in every line a bank can, and its 2025 10-K lists rivals from other banks and brokers to 'digital asset and other financial technology companies'. In retail deposits the rivals name it themselves: Chime's 10-K calls traditional banks including J.P. Morgan Chase, Bank of America and Wells Fargo its main competition, and Dave's lists the same three. In cards, Synchrony names JPMorgan among its primary rivals for retail partners, Affirm and Klarna name its cards as the payment method they compete against, and in January 2026 JPMorgan agreed to take the Apple Card from Goldman Sachs. In investment banking it ranked first in global fees with an 8.4% wallet share (Dealogic, 2025) and earned $10.1 billion against Goldman's $8.9 billion (LSEG), while Goldman led M&A fees. In markets, Morgan Stanley and Goldman are the equities rivals; in treasury and payments, Citi and Bank of America; in wealth, Morgan Stanley and Merrill. Non-banks are the real rivals in two places: consumer accounts, where Chime and Dave compete for primary relationships, and point-of-sale credit, where Affirm and Klarna compete with cards.[1][2][3][4][5][6][7][8][9][10][11]
Data as of Oct 19, 2026 · JPMorgan profile updated Oct 19, 2026 · computed tables recalculate from the 140 bank profiles on this site · Markdown
What does JPMorgan say about its competition?
"JPMorganChase and its subsidiaries and affiliates operate in highly competitive environments. Competitors include other banks, brokerage firms, investment banking companies, merchant banks, hedge funds, commodity trading companies, private equity firms, insurance companies, mutual fund companies, investment managers, credit card companies, mortgage banking companies, trust companies, securities processing companies, automobile financing companies, leasing companies, e-commerce and other internet-based companies, digital asset and other financial technology companies, and other companies engaged in providing similar and new products and services. The Firm's businesses generally compete on the basis of the quality and variety of the Firm's products and services, transaction execution, innovation, reputation and price."[1]
"Competition also varies based on the types of clients, customers, industries and geographies served. With respect to some of its geographies and products, JPMorganChase competes globally; with respect to others, the Firm competes on a national or regional basis. New competitors in the financial services industry continue to emerge, including firms that offer products and services solely through the internet and non-financial companies that offer products and services that disintermediate traditional banking products and services offered by financial services firms such as JPMorganChase." (Form 10-K for 2025, Item 1, filed February 13, 2026.)[1]
Item 1A names AI as a competitive risk in its own right: "competitive disadvantage if competitors are able to deploy AI more quickly or effectively, potentially gaining advantages in cost efficiency, client and customer experience, or product innovation, which could result in a loss of market share to competitors, or • replacement or disintermediation of direct customer relationships if AI agents autonomously manage or intermediate financial decisions and product selection or other services for customers."[1]
Who competes with JPMorgan in each of its businesses?
| Business line | Competitor | Type | Why it competes |
|---|---|---|---|
| Consumer banking: deposits and checking | Bank of America | Bank | Chime's 2025 10-K lists Bank of America first and J.P. Morgan Chase among the traditional banks it views as its main competition, and Dave's 10-K names Bank of America, JPMorgan Chase and Wells Fargo together as its banking competitors.[2][3] |
| Consumer banking: deposits and checking | Wells Fargo | Bank | Named with JPMorgan Chase in both Chime's and Dave's 10-K lists of traditional bank competitors, and with JPMorgan Chase Bank in First Horizon's 10-K list of key traditional competitors across its Southern markets.[2][3][12] |
| Consumer banking: deposits and checking | Chime | Fintech | Chime's 2025 10-K says 'We view our main competition as traditional banks, including Bank of America, Capital One, Citibank, J.P. Morgan Chase, PNC Bank, and Wells Fargo', competing to be its members' primary account.[2] |
| Consumer banking: deposits and checking | Dave | Fintech | Dave's 2025 10-K lists 'Traditional banks and credit unions such as Bank of America, JPMorgan Chase, and Wells Fargo' as its banking competitors, alongside licensed new entrants such as Varo and partner-bank fintechs such as Chime.[3] |
| Consumer banking: deposits and checking | Capital One | Bank | Chime's 10-K names Capital One next to J.P. Morgan Chase among its main traditional-bank competitors, and Capital One's own 10-K reports 'strong and increasing competition in the direct banking market'.[2][13] |
| Credit cards and point-of-sale credit | Synchrony | Bank | Synchrony's 2025 10-K names JPMorgan Chase among the 'major financial institutions' that are its primary competitors for retail card partners, with American Express, Bread Financial, Capital One/Discover, Citibank, TD Bank and Wells Fargo.[4] |
| Credit cards and point-of-sale credit | American Express | Bank | Synchrony's 10-K lists American Express beside JPMorgan Chase as a primary rival for card partners, and Amex's own 10-K says it faces 'intense competition in the premium space and for cobrand relationships'.[4][14] |
| Credit cards and point-of-sale credit | Capital One | Bank | Capital One says it was the largest US credit card issuer by outstanding balances at the end of 2025, while CNBC describes JPMorgan as the largest by purchase volume; both appear on Synchrony's and Affirm's lists of the card issuers they compete with.[13][7][4][5] |
| Credit cards and point-of-sale credit | Affirm | Fintech | Affirm's fiscal 2026 10-K says its primary competition is legacy payment methods 'including those provided by card issuing banks such as Synchrony, J.P. Morgan Chase, Citibank, Bank of America, Capital One, Bread Financial, and American Express'.[5] |
| Credit cards and point-of-sale credit | Klarna | Fintech | Klarna's 2025 prospectus lists credit and debit cards 'provided by card issuing banks such as J.P. Morgan Chase, Citibank, Bank of America' among the payment methods its network competes with.[6] |
| Credit cards and point-of-sale credit | Goldman Sachs (Apple Card) | Bank | JPMorgan agreed in January 2026 to take over the Apple Card and more than $20 billion of card loans from Goldman Sachs, the original issuer; CNBC reports American Express, Synchrony and Barclays had dropped out of the bidding.[7] |
| Investment banking and M&A | Goldman Sachs | Bank | LSEG data for 2025 put Goldman first in M&A fees ($4.6 billion) and JPMorgan second ($3.1 billion), while JPMorgan led total investment banking fees, $10.1 billion to Goldman's $8.9 billion (Reuters, January 2026).[8] |
| Investment banking and M&A | Morgan Stanley | Bank | Morgan Stanley earned $3 billion in M&A fees in 2025, just behind JPMorgan's $3.1 billion, and ranked third by deal volume behind Goldman and JPMorgan, according to LSEG data reported by Reuters.[8] |
| Investment banking and M&A | Bank of America | Bank | Bank of America ranked fourth by value of deals advised in 2025, after Goldman, JPMorgan and Morgan Stanley; JPMorgan's 10-K ranks itself first in global investment banking fees with an 8.4% wallet share (Dealogic).[8][1] |
| Investment banking and M&A | Evercore | Other | The independent adviser earned $1.7 billion in M&A fees in 2025, fifth after Goldman, JPMorgan, Morgan Stanley and Citi (LSEG via Reuters); Goldman's 10-K notes that some clients see independent advisory firms as less exposed to conflicts of interest.[8][15] |
| Markets: equities, prime brokerage and fixed income | Morgan Stanley | Bank | In the third quarter of 2025 Morgan Stanley's equities revenue rose 35% to $4.12 billion on record prime brokerage, against JPMorgan's equity markets revenue of $3.3 billion, up 33% (Reuters).[9] |
| Markets: equities, prime brokerage and fixed income | Goldman Sachs | Bank | Goldman's equities revenue rose 7% to $3.74 billion in the same quarter on equities financing including prime lending; Reuters reports the largest US banks are scrambling to take prime brokerage share from each other and from European rivals.[9] |
| Markets: equities, prime brokerage and fixed income | Citigroup | Bank | Citi's prime balances rose 44% in the third quarter of 2025 and its CEO said it is doubling down on prime lending; JPMorgan's 10-K reports full-year 2025 Markets revenue up 19%, with Equity Markets up 33%.[9][1] |
| Payments and treasury services | Citigroup | Bank | Citi claims the number one institutional position in treasury and trade solutions with an 11.5% share (May 2026); JPMorgan says Coalition Greenwich's 2025 studies named it Best Bank in global corporate cash management and the overall leader in payments and treasury management.[16][10] |
| Payments and treasury services | Bank of America | Bank | Bank of America sells a competing treasury platform, CashPro, to more than 40,000 business clients, and its corporate real-time payments volume rose 48% from January to July 2026; JPMorgan's 2025 Payments revenue was $19.3 billion, up 7%.[17][18][1] |
| Payments and treasury services | Wells Fargo | Bank | Wells Fargo's payments and liquidity business runs AI on payment flows of more than $1 trillion a day and has 26 of 335 AI experiments live in production (May 2026), selling to the same corporate treasurers.[19][20] |
| Wealth management and private banking | Morgan Stanley | Bank | InvestmentNews reports that JPMorgan's private bank earned more than $12 billion in 2025 and that Morgan Stanley and Bank of America hold 'similarly commanding leads' in wealth; Morgan Stanley reports $7.35 trillion of wealth client assets.[11][21] |
| Wealth management and private banking | Bank of America (Merrill) | Bank | Named by InvestmentNews with Morgan Stanley and JPMorgan as the wealth leaders Citi trails; more than 20,000 Bank of America wealth professionals use AI (Q2 2026 earnings deck).[11][22] |
| Wealth management and private banking | Charles Schwab | Broker or asset manager | Schwab's 2025 10-K says its competition for individual investors spans brokerage, wealth and asset managers 'as well as banks'; JPMorgan's Smart Cash pilot moves customers' cash from checking into higher-earning brokerage products.[23][24] |
How do the AI and digital offerings of JPMorgan's competitors compare?
JPMorgan first, then each competitor. Use-case counts, index scores and latest moves are computed from our profiles of each company; "No profile" means this site has no page on it yet.
| Company | AI or digital offering | On the record (our profiles) | Latest dated AI move |
|---|---|---|---|
| JPMorgan Chase (this page) | LLM Suite[25][26] | Index 89 (#6); 15 use cases, 8 in production | Q3 2026 call: outside AI agents stay blocked; AI spend put near $700 million (Oct 13, 2026)[27][28][29] |
| Bank of America | Erica: 3.6 billion cumulative interactions (October 2026) and about 2 million a day.[30][31] | Index 97.3 (#1); 18 use cases, 16 in production | Treasury, FinCEN and OCC impose $1.21 billion in AML and sanctions penalties (Oct 13, 2026)[32][33][34] |
| Wells Fargo | Fargo assistant: more than 1 billion interactions in under three years (March 2026).[35] | Index 88.8 (#7); 16 use cases, 13 in production | Q3 2026 call: AI agents in code, marketing, cyber, underwriting (Oct 13, 2026)[36][37] |
| Chime | Jade, an in-app AI 'Financial Partner' that answers spending questions from a member's transaction history.[38][39] | 8 use cases, 6 in production | Agreement to acquire Stride Bank (Sep 8, 2026)[40] |
| Dave | CashAI[3][41][42] | 7 use cases, 5 in production | Earnings call details CashAI v6 (Aug 12, 2026)[42] |
| Capital One | Eno assistant (no usage published); Chat Concierge for car dealers.[43][44] | Index 86.9 (#9); 13 use cases, 13 in production | Second on the Evident AI index for a fourth year (Oct 6, 2026)[45][46] |
| Synchrony | PRISM credit decisioning, more than 180 million accounts approved since January 2018.[47] | Index 68.8 (#35); 15 use cases, 10 in production | Oxford Economics study and an AI-platform partnership for CareCredit (Sep 30, 2026)[48][49] |
| American Express | AI search in the Amex app answering about one million inquiries a month for US Card Members (March 2026).[50] | Index 93.1 (#3); 24 use cases, 13 in production | Intent Intelligence framework published (Oct 13, 2026)[51][52] |
| Affirm | A transformer-based underwriting model that reads the order and timing of credit-history events (September 2026), plus real-time balance and cash-flow signals (January 2026).[53][54] | 8 use cases, 7 in production | Levchin: no staff cuts to fund AI (Sep 18, 2026)[55] |
| Klarna | OpenAI-built AI Assistant that handled two-thirds of service chats in its first month (February 2024).[56] | 7 use cases, 7 in production | Q2 2026 results point to AI shopping surfaces (Aug 18, 2026)[57] |
| Goldman Sachs (Apple Card) | GS AI Platform and GS AI Assistant[58][59] | Index 79.9 (#22); 13 use cases, 7 in production | Q3 2026 call: Solomon sets out AI guardrails and compute-supply risk (Oct 13, 2026)[60][61] |
| Goldman Sachs | Claude-based agents co-developed with Anthropic for client vetting and onboarding (February 2026).[62] | Index 79.9 (#22); 13 use cases, 7 in production | Q3 2026 call: Solomon sets out AI guardrails and compute-supply risk (Oct 13, 2026)[60][61] |
| Morgan Stanley | AskResearchGPT for banking, sales and trading staff over 70,000-plus research reports.[63] | Index 69.7 (#34); 14 use cases, 9 in production | OpenAI launches ChatGPT for Financial Services, shaped with Morgan Stanley and Evercore (Sep 10, 2026)[64][65] |
| Evercore | Not disclosed | No profile | Not disclosed |
| Citigroup | Markets processes 4,400-plus documents via AI, creating 1,700-plus hours a month of oversight capacity.[66] | Index 94.9 (#2); 20 use cases, 15 in production | Payments chief: no AI model to authorise payments (Oct 1, 2026)[67] |
| Bank of America (Merrill) | AI-Powered Meeting Journey for Merrill and Private Bank advisers, saving up to four hours per meeting.[68] | Index 97.3 (#1); 18 use cases, 16 in production | Treasury, FinCEN and OCC impose $1.21 billion in AML and sanctions penalties (Oct 13, 2026)[32][33][34] |
| Charles Schwab | Charley, Portfolio Insights, Schwab Knowledge Assistant and Schwab Advisor AI in Action[69][70][71][72][73] | Index 80.7 (#19); 19 use cases, 15 in production | How Charley was built: employee testing, confirmation before any change (Oct 8, 2026)[74] |
Who should look beyond JPMorgan, and where?
| If you are | Look at | Why |
|---|---|---|
| Savers who want an online-only bank account | Direct banks such as Ally or SoFi | Ally's 2025 10-K says Ally Bank 'does not have a branch network' and gathers deposits through online and digital channels; Chime's 10-K groups Ally, Discover and SoFi as the online-only institutions it competes with, separate from branch banks such as JPMorgan Chase, whose 10-K counts 5,083 branches in 48 states and Washington, D.C.[75][2][1] |
| Customers who want a branded AI assistant in their banking app today | Bank of America's Erica or Wells Fargo's Fargo | JPMorgan has no branded consumer assistant; its consumer chief targets a travel agent pilot before the end of 2026. Erica has been in Bank of America's app since 2018 and passed 3.6 billion interactions; Fargo passed 1 billion in under three years, with more than 3 million Spanish-speaking users.[76][77][30][35] |
| Small businesses that want to connect their own AI assistants to their bank account | Mercury | JPMorgan blocks third-party AI agents that log in with customer credentials (October 2026). Mercury documents a read-only, OAuth-gated MCP server for ChatGPT, Claude and other assistants and issues AI Agent Cards with limits a human sets.[27][78][79] |
| Companies that want M&A advice from a firm that does not also lend to them | Independent advisers such as Evercore | Goldman's 10-K says some clients perceive independent advisory firms as less susceptible to potential conflicts of interest than universal banks; Evercore earned $1.7 billion of M&A fees in 2025, fifth globally, against JPMorgan's $3.1 billion.[15][8] |
| Shoppers who want pay-over-time at checkout rather than a credit card | Affirm or Klarna | Both name JPMorgan's cards as the legacy payment method they compete with: Affirm's fiscal 2026 10-K lists card-issuing banks including J.P. Morgan Chase, and Klarna's 2025 prospectus lists cards from J.P. Morgan Chase, Citibank and Bank of America.[5][6] |
Which companies name JPMorgan Chase as a competitor in their own filings?
Each row quotes or paraphrases the rival's own annual filing; JPMorgan's 10-K names no rival by name.
| Company | Filing | Where it says it meets JPMorgan |
|---|---|---|
| Chime | 2025 Form 10-K | Main competition is traditional banks including Bank of America, Capital One, Citibank, J.P. Morgan Chase, PNC Bank and Wells Fargo[2] |
| Dave | 2025 Form 10-K | Banking competitors: traditional banks and credit unions such as Bank of America, JPMorgan Chase and Wells Fargo[3] |
| Synchrony | 2025 Form 10-K | Primary competitors for retail card partners include American Express, Bread Financial, Capital One/Discover, JPMorgan Chase, Citibank, TD Bank and Wells Fargo[4] |
| Affirm | Fiscal 2026 Form 10-K | Primary competition includes credit and debit cards from issuers such as Synchrony, J.P. Morgan Chase, Citibank, Bank of America and Capital One[5] |
| Klarna | 2025 prospectus (424B4) | Competes with cards from card-issuing banks such as J.P. Morgan Chase, Citibank, Bank of America, HSBC and Barclays[6] |
| First Horizon | 2025 Form 10-K | Key traditional competitors in many of its markets include JPMorgan Chase Bank, Bank of America, PNC, Truist and Wells Fargo[12] |
How does JPMorgan rank against Goldman Sachs and other banks in investment banking?
LSEG data for calendar 2025 as reported by Reuters on January 6, 2026; JPMorgan's own 10-K uses Dealogic, which also ranks it first in global investment banking fees (8.4% wallet share).
| Bank | M&A fees, 2025 | Rank by M&A deal volume | Total investment banking fees, 2025 |
|---|---|---|---|
| Goldman Sachs | $4.6 billion (first) | First ($1.48 trillion advised) | $8.9 billion[8] |
| JPMorgan Chase | $3.1 billion | Second | $10.1 billion (first)[8][1] |
| Morgan Stanley | $3.0 billion | Third | Not given[8] |
| Citigroup | $2.0 billion | Fifth | Not given[8] |
| Evercore | $1.7 billion | Not given | Not given[8] |
| Bank of America | Not given | Fourth | Not given[8] |
Who are JPMorgan Chase's biggest competitors?
By line: in consumer banking, Bank of America, Wells Fargo, Capital One and fintechs such as Chime and Dave, all of which list JPMorgan in their own filings; in cards, Synchrony, American Express, Capital One, Affirm and Klarna; in investment banking, Goldman Sachs, Morgan Stanley, Bank of America and Evercore; in markets, Morgan Stanley, Goldman and Citigroup; in treasury and payments, Citigroup and Bank of America; in wealth, Morgan Stanley and Merrill.[2][3][4][5][8][9][11]
Is Chime a competitor of JPMorgan Chase?
Yes, by Chime's own account. Its 2025 10-K says it views its main competition as traditional banks, including Bank of America, Capital One, Citibank, J.P. Morgan Chase, PNC Bank and Wells Fargo, and that it competes to be members' primary account. JPMorgan's 10-K, for its part, lists 'digital asset and other financial technology companies' and internet-only firms among its competitors without naming them.[2][1]
JPMorgan vs Goldman Sachs: who leads investment banking?
It depends on the measure. LSEG data for 2025 put Goldman first in M&A fees ($4.6 billion against JPMorgan's $3.1 billion) and by value of deals advised ($1.48 trillion), while JPMorgan earned the most total investment banking fees once equity and debt capital markets are included, $10.1 billion to Goldman's $8.9 billion. JPMorgan's 10-K, using Dealogic, ranks it first in global investment banking fees with an 8.4% wallet share.[8][1]
Who competes with JPMorgan Chase in credit cards?
Synchrony's 10-K names JPMorgan Chase among its primary competitors for retail card partners, with American Express, Bread Financial, Capital One/Discover, Citibank, TD Bank and Wells Fargo. Capital One says it is the largest issuer by outstanding balances; CNBC describes JPMorgan as the largest by purchase volume. Pay-over-time providers Affirm and Klarna also name JPMorgan's cards as the payment method they compete against.[4][13][7][5][6]
Why is JPMorgan taking over the Apple Card from Goldman Sachs?
Goldman began narrowing its consumer business in 2022, and in January 2026 the banks agreed that JPMorgan would take over the Apple Card and more than $20 billion of card loans, with about 24 months to close. CNBC reported that American Express, Synchrony and Barclays had dropped out of the bidding, that the card stays on Mastercard's network, and that JPMorgan said it would book a $2.2 billion credit-loss provision for the deal.[7]
What are alternatives to JPMorgan Chase for a bank with an AI assistant?
Bank of America's Erica, in its app since 2018, had 3.6 billion cumulative interactions by October 2026; Wells Fargo's Fargo passed 1 billion in under three years; U.S. Bank's Smart Assistant is used 2.5 million times a month and works by voice. JPMorgan has no branded consumer assistant and blocks outside AI agents that use customer credentials, though it is piloting Smart Cash and plans a consumer travel agent pilot.[30][35][80][27][28][76]
Does JPMorgan Chase see AI agents as a competitive threat?
Yes. Its 2025 10-K lists 'replacement or disintermediation of direct customer relationships if AI agents autonomously manage or intermediate financial decisions and product selection' as a risk, alongside competitors deploying AI faster. In October 2026 the bank said it blocks outside agents from acting in retail accounts, and Dimon warned customers who allow them of a 'liability transfer'.[1][27][28]
- JPMorgan Chase & Co. Annual Report on Form 10-K for the year ended December 31, 2025
- Chime Financial, Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- Dave Inc. Annual Report on Form 10-K for the year ended December 31, 2025
- Form 10-K for the fiscal year ended December 31, 2025
- Affirm Holdings Annual Report (Form 10-K) for the fiscal year ended June 30, 2026
- Klarna Group plc Prospectus (Form 424B4)
- JPMorgan Chase reaches deal to become Apple Card issuer as Goldman closes chapter on consumer foray
- Goldman Sachs tops global M&A rankings with $1.48 trillion in deals
- Prime brokerage boom generates big third-quarter windfall for Wall Street banks
- J.P. Morgan Payments Tops 2025 Rankings in Digital Transformation Study
- Citi turns up the heat on wealth bankers as it races to close the gap with rivals
- First Horizon Corporation Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- Capital One Financial Corporation Annual Report on Form 10-K for 2025
- American Express Company Annual Report on Form 10-K for 2025
- The Goldman Sachs Group, Inc. Annual Report on Form 10-K for 2025
- Citi 2026 Investor Day Transcript - Consolidated
- Bank of America fires up generative AI payments assistant
- BofA Clients Accelerate RTP Use, Led by Liquidity Management
- Ather Williams thinks unicorn fintechs have nothing on Wells Fargo's innovation
- How Wells Fargo deploys AI in payments
- Morgan Stanley will soon open its trillion-dollar wealth management funnel to AI agents
- Second Quarter 2026 Financial Results presentation (Form 8-K, Exhibit 99.2)
- Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- JPMorgan CEO: AI may create things 'we're going to lose at'
- How JPMorganChase democratized employee access to gen AI
- Driving AI Use Cases and Adoption (Women in Banking 2025 session)
- JPMorgan Chase blocks outside AI agents like Muse, Instinct from directly accessing accounts
- JPMorgan CEO Dimon warns customers of 'liability transfer' with AI
- JPMorgan warns of risks to consumers who rely on AI agents
- AI in regulated industries: BofA and S&P on the huge gains to be had, and the risks of rushing in
- How Bank of America's Erica does the work of 11,000 people
- U.S. Treasury Announces Record Enforcement Actions Against Bank of America
- OCC Imposes $750 Million Assessment Against Bank of America for Deficient BSA/AML Compliance
- BofA fined $1.21 billion over AML
- Wells Fargo Reaches Major Digital Milestones
- Wells Fargo Enhances Banking Capabilities Using AI and Digital Assets
- Wells Fargo Reports Third Quarter 2026 Net Income of $6.0 billion, or $1.87 per Diluted Share
- What is Jade Financial Partner? (help centre, retrieved 2026-09-23)
- How Chime overcame trust challenges when deploying its AI agent
- Chime Announces Agreement to Acquire Stride Bank
- Dave Introduces CashAI v5.5
- Dave (DAVE) Q2 2026 Earnings Call Transcript
- Eno, your Capital One assistant
- AI for Car Dealerships: Smarter Car Shopping
- JPMorganChase still tops AI ranking as big-bank lead widens
- Banks prioritize responsible AI, governance as use soars
- The real engine of innovation is trust
- Synchrony and Oxford Economics Find Trust Will Define the Future of AI Shopping
- CareCredit Partners with Vetspire to Modernize Veterinary Payments with AI-Enabled Practice Solutions
- 2026 Chairman’s Letter to Shareholders
- American Express Publishes Intent Intelligence Framework for Trusted Agentic Commerce
- Amex introduces a framework to prevent AI agents from making unauthorized purchases
- Affirm launches transformer-based machine learning model for real-time underwriting
- Affirm updates underwriting with enhanced signals to better reflect consumers' real-time finances
- Never had to cut staff to buy more AI tokens, says Affirm CEO as it rolls out AI underwriting
- Klarna AI assistant handles two-thirds of customer service chats in its first month
- Klarna Q2'26 Earnings Release (Exhibit 99.2 to Form 6-K)
- Goldman Sachs staff now write a million gen AI prompts a month
- Marco Argenti gives Goldman Sachs coders an AI helper
- Earnings call transcript: Goldman Sachs tops Q3 2026 estimates as revenue rises
- Goldman's Solomon wants 'clear human accountability' on AI
- Goldman Sachs taps Anthropic's Claude to automate accounting, compliance roles
- Morgan Stanley Research Announces AskResearchGPT
- Introducing ChatGPT for Financial Services
- OpenAI courts Wall Street with ChatGPT for financial services, developed with Morgan Stanley
- Earnings Results Presentation, First Quarter 2026
- The Most Powerful Women in Banking Women to Watch, #7, Debopama Sen, Citi
- Merrill and Bank of America Private Bank Launch AI-Powered Meeting Journey
- Meet Charley, Schwab's New AI-Powered Assistant Designed to Help Clients Get Answers and Take Action
- Charles Schwab Launches AI-Powered Capability That Helps Investors Understand Portfolio Performance and Market Activity
- AI on the other end of the line (but you're not talking to a computer)
- Schwab Study Reveals RIA AI Adoption More Than Doubles - But Most Firms Still in Early Stages
- Charles Schwab banking unit CEO to retire
- Charles Schwab's Amy Ruegg: AI Can Make Investing Easier, but Human Expertise Remains Key
- Ally Financial Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2025
- JPMorgan's Lake sees longer road to agentic commerce adoption
- A Decade of AI Innovation: BofA's Virtual Assistant Erica Surpasses 3 Billion Client Interactions
- What is Mercury MCP?
- Agent cards: Giving AI agents a card of their own
- U.S. Bancorp Annual Report 2025
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