# JPMorgan Chase competitors: and the alternatives

Source: https://www.bankingnewsai.com/banks/jpmorgan-chase/competitors
Last updated: Oct 19, 2026

*Part of the [JPMorgan Chase AI strategy profile](https://www.bankingnewsai.com/banks/jpmorgan-chase). Peer group: Bank of America, Citigroup, Wells Fargo, Goldman Sachs, U.S. Bancorp, Capital One, PNC Financial Services, Truist Financial.*

## 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. ([JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm), [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [Dave Inc. via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1841408/000119312526085370/dave-20251231.htm), [Synchrony Financial (SEC filing)](https://www.sec.gov/Archives/edgar/data/1601712/000160171226000006/syf-20251231.htm), [Affirm Holdings via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1820953/000162828026059279/afrm-20260630.htm), [Klarna Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2003292/000200329225000052/klarnagroupplc424b4.htm), [CNBC](https://www.cnbc.com/2026/01/07/jpmorgan-apple-credit-card.html), [Reuters](https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/), [Reuters](https://www.reuters.com/business/finance/prime-brokerage-boom-generates-big-third-quarter-windfall-wall-street-banks-2025-10-15/), [J.P. Morgan Payments](https://www.jpmorgan.com/payments/newsroom/2025-coalition-greenwich-digital-transformation), [InvestmentNews](https://www.investmentnews.com/wirehouses/citi-turns-up-the-heat-on-wealth-bankers-as-it-races-to-close-the-gap-with-rivals/266043))

## 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." ([JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm))

"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.) ([JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm))

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." ([JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm))

## Who competes with JPMorgan in each of its businesses?

| Business line | Competitor | Type | Why it competes |
| --- | --- | --- | --- |
| Consumer banking: deposits and checking | [Bank of America](https://www.bankingnewsai.com/banks/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. ([Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [Dave Inc. via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1841408/000119312526085370/dave-20251231.htm)) |
| Consumer banking: deposits and checking | [Wells Fargo](https://www.bankingnewsai.com/banks/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. ([Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [Dave Inc. via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1841408/000119312526085370/dave-20251231.htm), [First Horizon (SEC filings)](https://www.sec.gov/Archives/edgar/data/36966/000003696626000051/fhn-20251231.htm)) |
| Consumer banking: deposits and checking | [Chime](https://www.bankingnewsai.com/fintech/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. ([Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm)) |
| Consumer banking: deposits and checking | [Dave](https://www.bankingnewsai.com/fintech/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. ([Dave Inc. via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1841408/000119312526085370/dave-20251231.htm)) |
| Consumer banking: deposits and checking | [Capital One](https://www.bankingnewsai.com/banks/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'. ([Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [Capital One via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/927628/000092762826000024/cof-20251231.htm)) |
| Credit cards and point-of-sale credit | [Synchrony](https://www.bankingnewsai.com/banks/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. ([Synchrony Financial (SEC filing)](https://www.sec.gov/Archives/edgar/data/1601712/000160171226000006/syf-20251231.htm)) |
| Credit cards and point-of-sale credit | [American Express](https://www.bankingnewsai.com/banks/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'. ([Synchrony Financial (SEC filing)](https://www.sec.gov/Archives/edgar/data/1601712/000160171226000006/syf-20251231.htm), [American Express (SEC filings)](https://www.sec.gov/Archives/edgar/data/4962/000000496226000080/axp-20251231.htm)) |
| Credit cards and point-of-sale credit | [Capital One](https://www.bankingnewsai.com/banks/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. ([Capital One via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/927628/000092762826000024/cof-20251231.htm), [CNBC](https://www.cnbc.com/2026/01/07/jpmorgan-apple-credit-card.html), [Synchrony Financial (SEC filing)](https://www.sec.gov/Archives/edgar/data/1601712/000160171226000006/syf-20251231.htm), [Affirm Holdings via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1820953/000162828026059279/afrm-20260630.htm)) |
| Credit cards and point-of-sale credit | [Affirm](https://www.bankingnewsai.com/fintech/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'. ([Affirm Holdings via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1820953/000162828026059279/afrm-20260630.htm)) |
| Credit cards and point-of-sale credit | [Klarna](https://www.bankingnewsai.com/fintech/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. ([Klarna Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2003292/000200329225000052/klarnagroupplc424b4.htm)) |
| Credit cards and point-of-sale credit | [Goldman Sachs (Apple Card)](https://www.bankingnewsai.com/banks/goldman-sachs) | 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. ([CNBC](https://www.cnbc.com/2026/01/07/jpmorgan-apple-credit-card.html)) |
| Investment banking and M&A | [Goldman Sachs](https://www.bankingnewsai.com/banks/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). ([Reuters](https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/)) |
| Investment banking and M&A | [Morgan Stanley](https://www.bankingnewsai.com/banks/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. ([Reuters](https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/)) |
| Investment banking and M&A | [Bank of America](https://www.bankingnewsai.com/banks/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). ([Reuters](https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/), [JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm)) |
| 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. ([Reuters](https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/), [Goldman Sachs (SEC filing)](https://www.sec.gov/Archives/edgar/data/886982/000088698226000091/gs-20251231.htm)) |
| Markets: equities, prime brokerage and fixed income | [Morgan Stanley](https://www.bankingnewsai.com/banks/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). ([Reuters](https://www.reuters.com/business/finance/prime-brokerage-boom-generates-big-third-quarter-windfall-wall-street-banks-2025-10-15/)) |
| Markets: equities, prime brokerage and fixed income | [Goldman Sachs](https://www.bankingnewsai.com/banks/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. ([Reuters](https://www.reuters.com/business/finance/prime-brokerage-boom-generates-big-third-quarter-windfall-wall-street-banks-2025-10-15/)) |
| Markets: equities, prime brokerage and fixed income | [Citigroup](https://www.bankingnewsai.com/banks/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%. ([Reuters](https://www.reuters.com/business/finance/prime-brokerage-boom-generates-big-third-quarter-windfall-wall-street-banks-2025-10-15/), [JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm)) |
| Payments and treasury services | [Citigroup](https://www.bankingnewsai.com/banks/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. ([Citigroup](https://citigroup.com/rcs/citigpa/storage/public/investor-day/citi-ID26-full-event-transcript.pdf), [J.P. Morgan Payments](https://www.jpmorgan.com/payments/newsroom/2025-coalition-greenwich-digital-transformation)) |
| Payments and treasury services | [Bank of America](https://www.bankingnewsai.com/banks/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%. ([Banking Dive](https://bankingdive.com/news/bank-of-america-generative-ai-payments-assistant-askgps/802564), [Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/09/bofa-clients-accelerate-rtp--use--led-by-liquidity-management.html), [JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm)) |
| Payments and treasury services | [Wells Fargo](https://www.bankingnewsai.com/banks/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. ([American Banker](https://www.americanbanker.com/news/wells-fargos-ather-williams-is-32-on-the-most-innovative-people-in-finance-ranking), [American Banker](https://www.americanbanker.com/payments/news/how-wells-fargo-deploys-ai-in-payments)) |
| Wealth management and private banking | [Morgan Stanley](https://www.bankingnewsai.com/banks/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. ([InvestmentNews](https://www.investmentnews.com/wirehouses/citi-turns-up-the-heat-on-wealth-bankers-as-it-races-to-close-the-gap-with-rivals/266043), [CNBC](https://www.cnbc.com/2026/06/03/ai-agents-morgan-stanley-wealth-management-funnel.html)) |
| Wealth management and private banking | [Bank of America (Merrill)](https://www.bankingnewsai.com/banks/bank-of-america) | 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). ([InvestmentNews](https://www.investmentnews.com/wirehouses/citi-turns-up-the-heat-on-wealth-bankers-as-it-races-to-close-the-gap-with-rivals/266043), [Bank of America (SEC filings)](https://www.sec.gov/Archives/edgar/data/70858/000007085826000353/bac06302026ex992.htm)) |
| Wealth management and private banking | [Charles Schwab](https://www.bankingnewsai.com/banks/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. ([The Charles Schwab Corporation (SEC filing)](https://www.sec.gov/Archives/edgar/data/316709/000031670926000009/schw-20251231.htm), [Banking Dive](https://www.bankingdive.com/news/jpmorgan-ceo-dimon-ai-mythos-cyber-risk-banking-acquisition/821235)) |

## 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)](https://www.bankingnewsai.com/banks/jpmorgan-chase) | LLM Suite ([American Banker](https://www.americanbanker.com/news/how-jpmorganchase-democratized-employee-access-to-gen-ai), [American Banker](https://www.americanbanker.com/video/wib-2025/driving-ai-use-cases-and-adoption-aligning-business-value-data-readiness-and-risk-management)) | [Index 89 (#6); 15 use cases, 8 in production](https://www.bankingnewsai.com/banks/jpmorgan-chase) | Q3 2026 call: outside AI agents stay blocked; AI spend put near $700 million (Oct 13, 2026) ([CNBC](https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html), [Banking Dive](https://www.bankingdive.com/news/jpmorgan-dimon-ai-agents-bank-customers-liability-transfer/832870), [American Banker](https://www.americanbanker.com/news/jpmorgan-warns-of-risks-to-consumers-who-rely-on-ai-agents)) |
| [Bank of America](https://www.bankingnewsai.com/banks/bank-of-america) | Erica: 3.6 billion cumulative interactions (October 2026) and about 2 million a day. ([Fortune](https://fortune.com/2026/10/01/ai-regulated-industries-bank-of-america-sp-global), [American Banker](https://www.americanbanker.com/news/how-bank-of-americas-erica-does-the-work-of-11-000-people)) | [Index 97.3 (#1); 18 use cases, 16 in production](https://www.bankingnewsai.com/banks/bank-of-america) | Treasury, FinCEN and OCC impose $1.21 billion in AML and sanctions penalties (Oct 13, 2026) ([U.S. Department of the Treasury](https://home.treasury.gov/news/press-releases/sb0657), [Office of the Comptroller of the Currency](https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-89.html), [Banking Dive](https://bankingdive.com/news/bofa-fined-1-21-billion-over-aml-bsa-occ-treasury/832915)) |
| [Wells Fargo](https://www.bankingnewsai.com/banks/wells-fargo) | Fargo assistant: more than 1 billion interactions in under three years (March 2026). ([Wells Fargo (Business Wire)](https://www.businesswire.com/news/home/20260326542274/en/Wells-Fargo-Reaches-Major-Digital-Milestones)) | [Index 88.8 (#7); 16 use cases, 13 in production](https://www.bankingnewsai.com/banks/wells-fargo) | Q3 2026 call: AI agents in code, marketing, cyber, underwriting (Oct 13, 2026) ([PYMNTS](https://pymnts.com/earnings/2026/wells-fargo-enhances-banking-capabilities-using-ai-and-digital-assets), [Wells Fargo](https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/third-quarter-2026-earnings.pdf)) |
| [Chime](https://www.bankingnewsai.com/fintech/chime) | Jade, an in-app AI 'Financial Partner' that answers spending questions from a member's transaction history. ([Chime](https://help.chime.com/manage-money-56350c4d/jade-financial-partner-09a6e8e3/what-is-jade-financial-partner-d9c77341), [Banking Dive](https://www.bankingdive.com/news/how-chime-overcame-trust-challenges-deploying-ai-agent-jade/819673/)) | [8 use cases, 6 in production](https://www.bankingnewsai.com/fintech/chime) | Agreement to acquire Stride Bank (Sep 8, 2026) ([Chime](https://investors.chime.com/news-releases/news-release-details/chime-announces-agreement-acquire-stride-bank)) |
| [Dave](https://www.bankingnewsai.com/fintech/dave) | CashAI ([Dave Inc. via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1841408/000119312526085370/dave-20251231.htm), [Dave Inc. via GlobeNewswire](https://www.globenewswire.com/news-release/2025/09/10/3147703/0/en/Dave-Introduces-CashAI-v5-5.html), [earnings call transcript (The Motley Fool)](https://www.fool.com/earnings/call-transcripts/2026/08/12/dave-dave-q2-2026-earnings-call-transcript/)) | [7 use cases, 5 in production](https://www.bankingnewsai.com/fintech/dave) | Earnings call details CashAI v6 (Aug 12, 2026) ([earnings call transcript (The Motley Fool)](https://www.fool.com/earnings/call-transcripts/2026/08/12/dave-dave-q2-2026-earnings-call-transcript/)) |
| [Capital One](https://www.bankingnewsai.com/banks/capital-one) | Eno assistant (no usage published); Chat Concierge for car dealers. ([Capital One](https://www.capitalone.com/digital/tools/eno/), [Capital One](https://www.capitalone.com/tech/ai/future-of-ai-car-dealerships-shopping)) | [Index 86.9 (#9); 13 use cases, 13 in production](https://www.bankingnewsai.com/banks/capital-one) | Second on the Evident AI index for a fourth year (Oct 6, 2026) ([American Banker](https://www.americanbanker.com/news/jpmorganchase-still-tops-ai-ranking-as-big-bank-lead-widens), [Banking Dive](https://www.bankingdive.com/news/banks-ai-guardrails-accelerate/832216/)) |
| [Synchrony](https://www.bankingnewsai.com/banks/synchrony) | PRISM credit decisioning, more than 180 million accounts approved since January 2018. ([Fortune (commentary by Synchrony CEO Brian Doubles)](https://fortune.com/2026/03/31/synchrony-financial-real-engine-innovation-trust-credit-cards)) | [Index 68.8 (#35); 15 use cases, 10 in production](https://www.bankingnewsai.com/banks/synchrony) | Oxford Economics study and an AI-platform partnership for CareCredit (Sep 30, 2026) ([Synchrony (PR Newswire)](https://www.prnewswire.com/news-releases/synchrony-and-oxford-economics-find-trust-will-define-the-future-of-ai-shopping-302894036.html), [Synchrony (PR Newswire)](https://investors.synchrony.com/news-events/financial-news/detail/590/carecredit-partners-with-vetspire-to-modernize-veterinary-payments-with-ai-enabled-practice-solutions)) |
| [American Express](https://www.bankingnewsai.com/banks/american-express) | AI search in the Amex app answering about one million inquiries a month for US Card Members (March 2026). ([American Express](https://www.americanexpress.com/en-us/newsroom/articles/financial-news/2026-chairman-s-letter-to-shareholders.html)) | [Index 93.1 (#3); 24 use cases, 13 in production](https://www.bankingnewsai.com/banks/american-express) | Intent Intelligence framework published (Oct 13, 2026) ([American Express via FT Markets](https://markets.ft.com/data/announce/detail?dockey=600-202610130930BIZWIRE_USPRX____20261013_BW636634-1), [TechCrunch](https://techcrunch.com/2026/10/13/amex-introduces-a-framework-to-prevent-ai-agents-from-making-unauthorized-purchases)) |
| [Affirm](https://www.bankingnewsai.com/fintech/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). ([Affirm (Business Wire)](https://www.businesswire.com/news/home/20260917918887/en/), [Affirm (Business Wire)](https://www.businesswire.com/news/home/20260114588934/en/Affirm-updates-underwriting-with-enhanced-signals-to-better-reflect-consumers-real-time-finances)) | [8 use cases, 7 in production](https://www.bankingnewsai.com/fintech/affirm) | Levchin: no staff cuts to fund AI (Sep 18, 2026) ([CNBC](https://www.cnbc.com/video/2026/09/18/never-had-to-cut-staff-to-buy-more-ai-tokens-says-affirm-ceo-as-it-rolls-out-ai-underwriting.html)) |
| [Klarna](https://www.bankingnewsai.com/fintech/klarna) | OpenAI-built AI Assistant that handled two-thirds of service chats in its first month (February 2024). ([Klarna](https://www.klarna.com/international/press/klarna-ai-assistant-handles-two-thirds-of-customer-service-chats-in-its-first-month/)) | [7 use cases, 7 in production](https://www.bankingnewsai.com/fintech/klarna) | Q2 2026 results point to AI shopping surfaces (Aug 18, 2026) ([Klarna Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2003292/000162828026057573/q22026earningsrelease.htm)) |
| [Goldman Sachs (Apple Card)](https://www.bankingnewsai.com/banks/goldman-sachs) | GS AI Platform and GS AI Assistant ([American Banker](https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month), [American Banker](https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance)) | [Index 79.9 (#22); 13 use cases, 7 in production](https://www.bankingnewsai.com/banks/goldman-sachs) | Q3 2026 call: Solomon sets out AI guardrails and compute-supply risk (Oct 13, 2026) ([Investing.com](https://investing.com/news/transcripts/earnings-call-transcript-goldman-sachs-tops-q3-2026-estimates-as-revenue-rises-93CH-4947164), [American Banker](https://americanbanker.com/news/goldmans-solomon-wants-clear-human-accountability-on-ai)) |
| [Goldman Sachs](https://www.bankingnewsai.com/banks/goldman-sachs) | Claude-based agents co-developed with Anthropic for client vetting and onboarding (February 2026). ([CNBC](https://www.cnbc.com/2026/02/06/anthropic-goldman-sachs-ai-model-accounting.html)) | [Index 79.9 (#22); 13 use cases, 7 in production](https://www.bankingnewsai.com/banks/goldman-sachs) | Q3 2026 call: Solomon sets out AI guardrails and compute-supply risk (Oct 13, 2026) ([Investing.com](https://investing.com/news/transcripts/earnings-call-transcript-goldman-sachs-tops-q3-2026-estimates-as-revenue-rises-93CH-4947164), [American Banker](https://americanbanker.com/news/goldmans-solomon-wants-clear-human-accountability-on-ai)) |
| [Morgan Stanley](https://www.bankingnewsai.com/banks/morgan-stanley) | AskResearchGPT for banking, sales and trading staff over 70,000-plus research reports. ([Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-research-announces-askresearchgpt)) | [Index 69.7 (#34); 14 use cases, 9 in production](https://www.bankingnewsai.com/banks/morgan-stanley) | OpenAI launches ChatGPT for Financial Services, shaped with Morgan Stanley and Evercore (Sep 10, 2026) ([OpenAI](https://openai.com/index/introducing-chatgpt-financial-services/), [Fortune](https://fortune.com/2026/09/10/openai-courts-wall-street-with-chatgpt-for-financial-services-developed-with-morgan-stanley/)) |
| Evercore | Not disclosed | No profile | Not disclosed |
| [Citigroup](https://www.bankingnewsai.com/banks/citigroup) | Markets processes 4,400-plus documents via AI, creating 1,700-plus hours a month of oversight capacity. ([Citigroup](https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12026/2026psqtr1rslt.pdf)) | [Index 94.9 (#2); 20 use cases, 15 in production](https://www.bankingnewsai.com/banks/citigroup) | Payments chief: no AI model to authorise payments (Oct 1, 2026) ([American Banker](https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-women-to-watch-7-debopama-sen-citi)) |
| [Bank of America (Merrill)](https://www.bankingnewsai.com/banks/bank-of-america) | AI-Powered Meeting Journey for Merrill and Private Bank advisers, saving up to four hours per meeting. ([Bank of America (PR Newswire)](https://prnewswire.com/news-releases/merrill-and-bank-of-america-private-bank-launch-ai-powered-meeting-journey-302725593.html)) | [Index 97.3 (#1); 18 use cases, 16 in production](https://www.bankingnewsai.com/banks/bank-of-america) | Treasury, FinCEN and OCC impose $1.21 billion in AML and sanctions penalties (Oct 13, 2026) ([U.S. Department of the Treasury](https://home.treasury.gov/news/press-releases/sb0657), [Office of the Comptroller of the Currency](https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-89.html), [Banking Dive](https://bankingdive.com/news/bofa-fined-1-21-billion-over-aml-bsa-occ-treasury/832915)) |
| [Charles Schwab](https://www.bankingnewsai.com/banks/charles-schwab) | Charley, Portfolio Insights, Schwab Knowledge Assistant and Schwab Advisor AI in Action ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Meet-Charley-Schwabs-New-AI-Powered-Assistant-Designed-to-Help-Clients-Get-Answers-and-Take-Action/default.aspx), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Launches-AI-Powered-Capability-That-Helps-Investors-Understand-Portfolio-Performance-and-Market-Activity/default.aspx), [Charles Schwab](https://www.aboutschwab.com/mss/story/ai-on-the-other-end-of-the-line), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Schwab-Study-Reveals-RIA-AI-Adoption-More-Than-Doubles---But-Most-Firms-Still-in-Early-Stages/default.aspx), [Banking Dive](https://bankingdive.com/news/charles-schwab-bank-ceo-paul-woolway-retire-tyler-woulfe/811079)) | [Index 80.7 (#19); 19 use cases, 15 in production](https://www.bankingnewsai.com/banks/charles-schwab) | How Charley was built: employee testing, confirmation before any change (Oct 8, 2026) ([Traders Magazine](https://www.tradersmagazine.com/featured_articles/charles-schwabs-amy-ruegg-ai-can-make-investing-easier-but-human-expertise-remains-key/)) |

## 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](https://www.bankingnewsai.com/banks/ally) | 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. ([Ally Financial (SEC filings)](https://www.sec.gov/Archives/edgar/data/40729/000004072926000005/ally-20251231.htm), [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm)) |
| Customers who want a branded AI assistant in their banking app today | [Bank of America's Erica or Wells Fargo's Fargo](https://www.bankingnewsai.com/banks/bank-of-america) | 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. ([Banking Dive](https://www.bankingdive.com/news/jpmorgan-chase-lake-agentic-ai-commerce-adoption/822426), [Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2025/08/a-decade-of-ai-innovation--bofa-s-virtual-assistant-erica-surpas.html), [Fortune](https://fortune.com/2026/10/01/ai-regulated-industries-bank-of-america-sp-global), [Wells Fargo (Business Wire)](https://www.businesswire.com/news/home/20260326542274/en/Wells-Fargo-Reaches-Major-Digital-Milestones)) |
| Small businesses that want to connect their own AI assistants to their bank account | [Mercury](https://www.bankingnewsai.com/fintech/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. ([CNBC](https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html), [Mercury](https://docs.mercury.com/docs/what-is-mercury-mcp), [Mercury](https://support.mercury.com/hc/en-us/articles/51299754284948-Agent-cards-Giving-AI-agents-a-card-of-their-own)) |
| 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. ([Goldman Sachs (SEC filing)](https://www.sec.gov/Archives/edgar/data/886982/000088698226000091/gs-20251231.htm), [Reuters](https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/)) |
| Shoppers who want pay-over-time at checkout rather than a credit card | [Affirm or Klarna](https://www.bankingnewsai.com/fintech/affirm) | 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. ([Affirm Holdings via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1820953/000162828026059279/afrm-20260630.htm), [Klarna Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2003292/000200329225000052/klarnagroupplc424b4.htm)) |

## 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 ([Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm)) |
| Dave | 2025 Form 10-K | Banking competitors: traditional banks and credit unions such as Bank of America, JPMorgan Chase and Wells Fargo ([Dave Inc. via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1841408/000119312526085370/dave-20251231.htm)) |
| 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 ([Synchrony Financial (SEC filing)](https://www.sec.gov/Archives/edgar/data/1601712/000160171226000006/syf-20251231.htm)) |
| 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 ([Affirm Holdings via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1820953/000162828026059279/afrm-20260630.htm)) |
| Klarna | 2025 prospectus (424B4) | Competes with cards from card-issuing banks such as J.P. Morgan Chase, Citibank, Bank of America, HSBC and Barclays ([Klarna Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2003292/000200329225000052/klarnagroupplc424b4.htm)) |
| 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 ([First Horizon (SEC filings)](https://www.sec.gov/Archives/edgar/data/36966/000003696626000051/fhn-20251231.htm)) |

## 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 ([Reuters](https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/)) |
| JPMorgan Chase | $3.1 billion | Second | $10.1 billion (first) ([Reuters](https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/), [JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm)) |
| Morgan Stanley | $3.0 billion | Third | Not given ([Reuters](https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/)) |
| Citigroup | $2.0 billion | Fifth | Not given ([Reuters](https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/)) |
| Evercore | $1.7 billion | Not given | Not given ([Reuters](https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/)) |
| Bank of America | Not given | Fourth | Not given ([Reuters](https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/)) |

## Common questions

### 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. ([Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [Dave Inc. via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1841408/000119312526085370/dave-20251231.htm), [Synchrony Financial (SEC filing)](https://www.sec.gov/Archives/edgar/data/1601712/000160171226000006/syf-20251231.htm), [Affirm Holdings via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1820953/000162828026059279/afrm-20260630.htm), [Reuters](https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/), [Reuters](https://www.reuters.com/business/finance/prime-brokerage-boom-generates-big-third-quarter-windfall-wall-street-banks-2025-10-15/), [InvestmentNews](https://www.investmentnews.com/wirehouses/citi-turns-up-the-heat-on-wealth-bankers-as-it-races-to-close-the-gap-with-rivals/266043))

### 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. ([Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm))

### 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. ([Reuters](https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/), [JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm))

### 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. ([Synchrony Financial (SEC filing)](https://www.sec.gov/Archives/edgar/data/1601712/000160171226000006/syf-20251231.htm), [Capital One via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/927628/000092762826000024/cof-20251231.htm), [CNBC](https://www.cnbc.com/2026/01/07/jpmorgan-apple-credit-card.html), [Affirm Holdings via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1820953/000162828026059279/afrm-20260630.htm), [Klarna Group plc via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/2003292/000200329225000052/klarnagroupplc424b4.htm))

### 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. ([CNBC](https://www.cnbc.com/2026/01/07/jpmorgan-apple-credit-card.html))

### 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. ([Fortune](https://fortune.com/2026/10/01/ai-regulated-industries-bank-of-america-sp-global), [Wells Fargo (Business Wire)](https://www.businesswire.com/news/home/20260326542274/en/Wells-Fargo-Reaches-Major-Digital-Milestones), [U.S. Bank](https://usbank.com/content/dam/usbank/en/documents/pdfs/about-us-bank/2025-annual-report.pdf), [CNBC](https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html), [Banking Dive](https://www.bankingdive.com/news/jpmorgan-dimon-ai-agents-bank-customers-liability-transfer/832870), [Banking Dive](https://www.bankingdive.com/news/jpmorgan-chase-lake-agentic-ai-commerce-adoption/822426))

### 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'. ([JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm), [CNBC](https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html), [Banking Dive](https://www.bankingdive.com/news/jpmorgan-dimon-ai-agents-bank-customers-liability-transfer/832870))

## Peers on this site

- [Bank of America AI strategy](https://www.bankingnewsai.com/banks/bank-of-america) · [vs peers](https://www.bankingnewsai.com/banks/bank-of-america/vs-peers)
- [Citigroup AI strategy](https://www.bankingnewsai.com/banks/citigroup) · [vs peers](https://www.bankingnewsai.com/banks/citigroup/vs-peers)
- [Wells Fargo AI strategy](https://www.bankingnewsai.com/banks/wells-fargo) · [vs peers](https://www.bankingnewsai.com/banks/wells-fargo/vs-peers)
- [Goldman Sachs AI strategy](https://www.bankingnewsai.com/banks/goldman-sachs) · [vs peers](https://www.bankingnewsai.com/banks/goldman-sachs/vs-peers)
- [U.S. Bancorp AI strategy](https://www.bankingnewsai.com/banks/us-bancorp) · [vs peers](https://www.bankingnewsai.com/banks/us-bancorp/vs-peers)
- [Capital One AI strategy](https://www.bankingnewsai.com/banks/capital-one) · [vs peers](https://www.bankingnewsai.com/banks/capital-one/vs-peers)
- [PNC Financial Services AI strategy](https://www.bankingnewsai.com/banks/pnc) · [vs peers](https://www.bankingnewsai.com/banks/pnc/vs-peers)
- [Truist Financial AI strategy](https://www.bankingnewsai.com/banks/truist) · [vs peers](https://www.bankingnewsai.com/banks/truist/vs-peers)

## Sources

1. JPMorgan Chase & Co. Annual Report on Form 10-K for the year ended December 31, 2025 — JPMorgan Chase & Co. (SEC filings), Feb 13, 2026. https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm
2. Chime Financial, Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2025 — Chime via SEC EDGAR, Mar 6, 2026. https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm
3. Dave Inc. Annual Report on Form 10-K for the year ended December 31, 2025 — Dave Inc. via SEC EDGAR, Mar 2, 2026. https://www.sec.gov/Archives/edgar/data/1841408/000119312526085370/dave-20251231.htm
4. Form 10-K for the fiscal year ended December 31, 2025 — Synchrony Financial (SEC filing), Feb 6, 2026. https://www.sec.gov/Archives/edgar/data/1601712/000160171226000006/syf-20251231.htm
5. Affirm Holdings Annual Report (Form 10-K) for the fiscal year ended June 30, 2026 — Affirm Holdings via SEC EDGAR, Aug 27, 2026. https://www.sec.gov/Archives/edgar/data/1820953/000162828026059279/afrm-20260630.htm
6. Klarna Group plc Prospectus (Form 424B4) — Klarna Group plc via SEC EDGAR, Sep 10, 2025. https://www.sec.gov/Archives/edgar/data/2003292/000200329225000052/klarnagroupplc424b4.htm
7. JPMorgan Chase reaches deal to become Apple Card issuer as Goldman closes chapter on consumer foray — CNBC, Jan 7, 2026. https://www.cnbc.com/2026/01/07/jpmorgan-apple-credit-card.html
8. Goldman Sachs tops global M&A rankings with $1.48 trillion in deals — Reuters, Jan 6, 2026. https://www.reuters.com/legal/transactional/goldman-sachs-tops-global-ma-rankings-with-148-trillion-deals-2026-01-06/
9. Prime brokerage boom generates big third-quarter windfall for Wall Street banks — Reuters, Oct 15, 2025. https://www.reuters.com/business/finance/prime-brokerage-boom-generates-big-third-quarter-windfall-wall-street-banks-2025-10-15/
10. J.P. Morgan Payments Tops 2025 Rankings in Digital Transformation Study — J.P. Morgan Payments, Feb 9, 2026. https://www.jpmorgan.com/payments/newsroom/2025-coalition-greenwich-digital-transformation
11. Citi turns up the heat on wealth bankers as it races to close the gap with rivals — InvestmentNews, Apr 7, 2026. https://www.investmentnews.com/wirehouses/citi-turns-up-the-heat-on-wealth-bankers-as-it-races-to-close-the-gap-with-rivals/266043
12. First Horizon Corporation Annual Report on Form 10-K for the fiscal year ended December 31, 2025 — First Horizon (SEC filings), Feb 26, 2026. https://www.sec.gov/Archives/edgar/data/36966/000003696626000051/fhn-20251231.htm
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14. American Express Company Annual Report on Form 10-K for 2025 — American Express (SEC filings), Feb 6, 2026. https://www.sec.gov/Archives/edgar/data/4962/000000496226000080/axp-20251231.htm
15. The Goldman Sachs Group, Inc. Annual Report on Form 10-K for 2025 — Goldman Sachs (SEC filing), Feb 25, 2026. https://www.sec.gov/Archives/edgar/data/886982/000088698226000091/gs-20251231.htm
16. Citi 2026 Investor Day Transcript - Consolidated — Citigroup, May 7, 2026. https://citigroup.com/rcs/citigpa/storage/public/investor-day/citi-ID26-full-event-transcript.pdf
17. Bank of America fires up generative AI payments assistant — Banking Dive, Oct 10, 2025. https://bankingdive.com/news/bank-of-america-generative-ai-payments-assistant-askgps/802564
18. BofA Clients Accelerate RTP Use, Led by Liquidity Management — Bank of America Newsroom, Sep 29, 2026. https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/09/bofa-clients-accelerate-rtp--use--led-by-liquidity-management.html
19. Ather Williams thinks unicorn fintechs have nothing on Wells Fargo's innovation — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/wells-fargos-ather-williams-is-32-on-the-most-innovative-people-in-finance-ranking
20. How Wells Fargo deploys AI in payments — American Banker, May 5, 2026. https://www.americanbanker.com/payments/news/how-wells-fargo-deploys-ai-in-payments
21. Morgan Stanley will soon open its trillion-dollar wealth management funnel to AI agents — CNBC, Jun 3, 2026. https://www.cnbc.com/2026/06/03/ai-agents-morgan-stanley-wealth-management-funnel.html
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24. JPMorgan CEO: AI may create things 'we're going to lose at' — Banking Dive, May 27, 2026. https://www.bankingdive.com/news/jpmorgan-ceo-dimon-ai-mythos-cyber-risk-banking-acquisition/821235
25. How JPMorganChase democratized employee access to gen AI — American Banker, May 22, 2025. https://www.americanbanker.com/news/how-jpmorganchase-democratized-employee-access-to-gen-ai
26. Driving AI Use Cases and Adoption (Women in Banking 2025 session) — American Banker, Oct 21, 2025. https://www.americanbanker.com/video/wib-2025/driving-ai-use-cases-and-adoption-aligning-business-value-data-readiness-and-risk-management
27. JPMorgan Chase blocks outside AI agents like Muse, Instinct from directly accessing accounts — CNBC, Oct 13, 2026. https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html
28. JPMorgan CEO Dimon warns customers of 'liability transfer' with AI — Banking Dive, Oct 13, 2026. https://www.bankingdive.com/news/jpmorgan-dimon-ai-agents-bank-customers-liability-transfer/832870
29. JPMorgan warns of risks to consumers who rely on AI agents — American Banker, Oct 13, 2026. https://www.americanbanker.com/news/jpmorgan-warns-of-risks-to-consumers-who-rely-on-ai-agents
30. AI in regulated industries: BofA and S&P on the huge gains to be had, and the risks of rushing in — Fortune, Oct 1, 2026. https://fortune.com/2026/10/01/ai-regulated-industries-bank-of-america-sp-global
31. How Bank of America's Erica does the work of 11,000 people — American Banker, Jan 22, 2026. https://www.americanbanker.com/news/how-bank-of-americas-erica-does-the-work-of-11-000-people
32. U.S. Treasury Announces Record Enforcement Actions Against Bank of America — U.S. Department of the Treasury, Oct 13, 2026. https://home.treasury.gov/news/press-releases/sb0657
33. OCC Imposes $750 Million Assessment Against Bank of America for Deficient BSA/AML Compliance — Office of the Comptroller of the Currency, Oct 13, 2026. https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-89.html
34. BofA fined $1.21 billion over AML — Banking Dive, Oct 13, 2026. https://bankingdive.com/news/bofa-fined-1-21-billion-over-aml-bsa-occ-treasury/832915
35. Wells Fargo Reaches Major Digital Milestones — Wells Fargo (Business Wire), Mar 26, 2026. https://www.businesswire.com/news/home/20260326542274/en/Wells-Fargo-Reaches-Major-Digital-Milestones
36. Wells Fargo Enhances Banking Capabilities Using AI and Digital Assets — PYMNTS, Oct 13, 2026. https://pymnts.com/earnings/2026/wells-fargo-enhances-banking-capabilities-using-ai-and-digital-assets
37. Wells Fargo Reports Third Quarter 2026 Net Income of $6.0 billion, or $1.87 per Diluted Share — Wells Fargo, Oct 13, 2026. https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/third-quarter-2026-earnings.pdf
38. What is Jade Financial Partner? (help centre, retrieved 2026-09-23) — Chime, Sep 23, 2026. https://help.chime.com/manage-money-56350c4d/jade-financial-partner-09a6e8e3/what-is-jade-financial-partner-d9c77341
39. How Chime overcame trust challenges when deploying its AI agent — Banking Dive, May 8, 2026. https://www.bankingdive.com/news/how-chime-overcame-trust-challenges-deploying-ai-agent-jade/819673/
40. Chime Announces Agreement to Acquire Stride Bank — Chime, Sep 8, 2026. https://investors.chime.com/news-releases/news-release-details/chime-announces-agreement-acquire-stride-bank
41. Dave Introduces CashAI v5.5 — Dave Inc. via GlobeNewswire, Sep 10, 2025. https://www.globenewswire.com/news-release/2025/09/10/3147703/0/en/Dave-Introduces-CashAI-v5-5.html
42. Dave (DAVE) Q2 2026 Earnings Call Transcript — earnings call transcript (The Motley Fool), Aug 12, 2026. https://www.fool.com/earnings/call-transcripts/2026/08/12/dave-dave-q2-2026-earnings-call-transcript/
43. Eno, your Capital One assistant — Capital One, Sep 19, 2026. https://www.capitalone.com/digital/tools/eno/
44. AI for Car Dealerships: Smarter Car Shopping — Capital One, Mar 5, 2025. https://www.capitalone.com/tech/ai/future-of-ai-car-dealerships-shopping
45. JPMorganChase still tops AI ranking as big-bank lead widens — American Banker, Oct 6, 2026. https://www.americanbanker.com/news/jpmorganchase-still-tops-ai-ranking-as-big-bank-lead-widens
46. Banks prioritize responsible AI, governance as use soars — Banking Dive, Oct 6, 2026. https://www.bankingdive.com/news/banks-ai-guardrails-accelerate/832216/
47. The real engine of innovation is trust — Fortune (commentary by Synchrony CEO Brian Doubles), Mar 31, 2026. https://fortune.com/2026/03/31/synchrony-financial-real-engine-innovation-trust-credit-cards
48. Synchrony and Oxford Economics Find Trust Will Define the Future of AI Shopping — Synchrony (PR Newswire), Sep 30, 2026. https://www.prnewswire.com/news-releases/synchrony-and-oxford-economics-find-trust-will-define-the-future-of-ai-shopping-302894036.html
49. CareCredit Partners with Vetspire to Modernize Veterinary Payments with AI-Enabled Practice Solutions — Synchrony (PR Newswire), Sep 30, 2026. https://investors.synchrony.com/news-events/financial-news/detail/590/carecredit-partners-with-vetspire-to-modernize-veterinary-payments-with-ai-enabled-practice-solutions
50. 2026 Chairman’s Letter to Shareholders — American Express, Mar 25, 2026. https://www.americanexpress.com/en-us/newsroom/articles/financial-news/2026-chairman-s-letter-to-shareholders.html
51. American Express Publishes Intent Intelligence Framework for Trusted Agentic Commerce — American Express via FT Markets, Oct 13, 2026. https://markets.ft.com/data/announce/detail?dockey=600-202610130930BIZWIRE_USPRX____20261013_BW636634-1
52. Amex introduces a framework to prevent AI agents from making unauthorized purchases — TechCrunch, Oct 13, 2026. https://techcrunch.com/2026/10/13/amex-introduces-a-framework-to-prevent-ai-agents-from-making-unauthorized-purchases
53. Affirm launches transformer-based machine learning model for real-time underwriting — Affirm (Business Wire), Sep 17, 2026. https://www.businesswire.com/news/home/20260917918887/en/
54. Affirm updates underwriting with enhanced signals to better reflect consumers' real-time finances — Affirm (Business Wire), Jan 14, 2026. https://www.businesswire.com/news/home/20260114588934/en/Affirm-updates-underwriting-with-enhanced-signals-to-better-reflect-consumers-real-time-finances
55. Never had to cut staff to buy more AI tokens, says Affirm CEO as it rolls out AI underwriting — CNBC, Sep 18, 2026. https://www.cnbc.com/video/2026/09/18/never-had-to-cut-staff-to-buy-more-ai-tokens-says-affirm-ceo-as-it-rolls-out-ai-underwriting.html
56. Klarna AI assistant handles two-thirds of customer service chats in its first month — Klarna, Feb 27, 2024. https://www.klarna.com/international/press/klarna-ai-assistant-handles-two-thirds-of-customer-service-chats-in-its-first-month/
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58. Goldman Sachs staff now write a million gen AI prompts a month — American Banker, Jul 25, 2025. https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month
59. Marco Argenti gives Goldman Sachs coders an AI helper — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance
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61. Goldman's Solomon wants 'clear human accountability' on AI — American Banker, Oct 13, 2026. https://americanbanker.com/news/goldmans-solomon-wants-clear-human-accountability-on-ai
62. Goldman Sachs taps Anthropic's Claude to automate accounting, compliance roles — CNBC, Feb 6, 2026. https://www.cnbc.com/2026/02/06/anthropic-goldman-sachs-ai-model-accounting.html
63. Morgan Stanley Research Announces AskResearchGPT — Morgan Stanley, Oct 1, 2024. https://www.morganstanley.com/press-releases/morgan-stanley-research-announces-askresearchgpt
64. Introducing ChatGPT for Financial Services — OpenAI, Sep 10, 2026. https://openai.com/index/introducing-chatgpt-financial-services/
65. OpenAI courts Wall Street with ChatGPT for financial services, developed with Morgan Stanley — Fortune, Sep 10, 2026. https://fortune.com/2026/09/10/openai-courts-wall-street-with-chatgpt-for-financial-services-developed-with-morgan-stanley/
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79. Agent cards: Giving AI agents a card of their own — Mercury, Aug 11, 2026. https://support.mercury.com/hc/en-us/articles/51299754284948-Agent-cards-Giving-AI-agents-a-card-of-their-own
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