JPMorgan Chase posted first-quarter net income of $16.5 billion, or $5.94 per share, a 13% increase from last year and above analysts’ estimate of $5.45. Revenue reached $49.8 billion, topping the forecast of $49.13 billion.

Despite strong earnings and revenue, JPMorgan shares fell 2.6% in premarket trading on Tuesday. Similar moves are seen across big bank stocks this earnings season. Investors are selling shares despite solid results, focusing on the bank’s future. JPMorgan’s outlook is weighing more on the stock price than last quarter’s performance.

JPMorgan’s stock is down 3.6% this year through Monday’s close, while the S&P 500 is nearly flat, up 0.4%. For traders, the premarket drop after strong earnings highlights a key trend: the market is looking past positive first-quarter results and focusing on uncertainty about net interest margins, loan growth, and the broader economy as 2026 nears.