Guidance tracker
Banks publish hard numeric guidance in their press releases and earnings decks — net interest income in dollars, expense targets, capital targets. It is free, public and citable. Almost nobody assembles delivered results against it in one place.
Every figure below was read out of a document filed with the SEC and is shown with the filer's own sentence and a link to it. 53 figures across 5 banks. How the comparison works.
Q4 2026
| Bank | Metric | Guided | Delivered | Variance | Status | Issued & source |
|---|---|---|---|---|---|---|
| JPM | Net interest income managed basis | ~$28bn | — | — | — |
Q3 2026 results
3Q26YTD | 4Q outlook (market dependent) | FY26 implied — Net interest income $78.2B ~$28B ~$106.2B Guided on a managed, fully taxable-equivalent basis; this site stores as-reported NII. |
| WFC | Net interest income | ~$13bn | — | — | — |
Q3 2026 results
Expect 4Q26 net interest income to be ~$13 billion |
Full year 2026
| Bank | Metric | Guided | Delivered | Variance | Status | Issued & source |
|---|---|---|---|---|---|---|
| JPM | Adjusted expense adjusted basis | ~$108.6bn | $54.2bn 2 of 4 quarters | — | — |
Q3 2026 results
3Q26YTD | 4Q outlook (market dependent) | FY26 implied — Adjusted expense $81.1B ~$27.5B ~$108.6B Adjusted expense excludes Firmwide legal expense; this site stores total noninterest expense. |
| JPM | Adjusted expense adjusted basis | ~$107.5bn | $54.2bn 2 of 4 quarters | — | superseded |
Q2 2026 results
Expect FY2026 adjusted expense of ~$107.5B, market dependent Adjusted expense excludes Firmwide legal expense; this site stores total noninterest expense. |
| JPM | Adjusted expense adjusted basis | ~$105bn | $54.2bn 2 of 4 quarters | — | superseded |
Q1 2026 results
Expect FY2026 adjusted expense of ~$105B, market dependent – Adjusted expense excludes Firmwide legal expense Adjusted expense excludes Firmwide legal expense; this site stores total noninterest expense. |
| JPM | Adjusted expense adjusted basis | ~$105bn | $54.2bn 2 of 4 quarters | — | superseded |
Q4 2025 results
Expect FY2026 adjusted expense of ~$105B, market dependent – Adjusted expense excludes Firmwide legal expense Adjusted expense excludes Firmwide legal expense; this site stores total noninterest expense. |
| JPM | Card Services net charge-off rate segment basis | ~3.2% | — | — | — |
Q3 2026 results
2026 outlook Card Services NCO rate ~3.2% A single segment's charge-off rate; this site stores the firmwide rate from the FR Y-9C. |
| JPM | Card Services net charge-off rate segment basis | ~3.2% | — | — | superseded |
Q2 2026 results
Expect FY2026 Card Services NCO rate of ~3.2% A single segment's charge-off rate; this site stores the firmwide rate from the FR Y-9C. |
| JPM | Card Services net charge-off rate segment basis | ~3.4% | — | — | superseded |
Q1 2026 results
Expect FY2026 Card Services NCO rate of ~3.4% A single segment's charge-off rate; this site stores the firmwide rate from the FR Y-9C. |
| JPM | Card Services net charge-off rate segment basis | ~3.4% | — | — | superseded |
Q4 2025 results
Expect FY2026 Card Services NCO rate of ~3.4% A single segment's charge-off rate; this site stores the firmwide rate from the FR Y-9C. |
| JPM | Net interest income managed basis | ~$106.2bn | $50.9bn 2 of 4 quarters | — | — |
Q3 2026 results
3Q26YTD | 4Q outlook (market dependent) | FY26 implied — Net interest income $78.2B ~$28B ~$106.2B Guided on a managed, fully taxable-equivalent basis; this site stores as-reported NII. |
| JPM | Net interest income managed basis | ~$105.5bn | $50.9bn 2 of 4 quarters | — | superseded |
Q2 2026 results
Expect FY2026 net interest income of ~$105.5B, market dependent Guided on a managed, fully taxable-equivalent basis; this site stores as-reported NII. |
| JPM | Net interest income managed basis | ~$103bn | $50.9bn 2 of 4 quarters | — | superseded |
Q1 2026 results
Expect FY2026 net interest income of ~$103B, market dependent Guided on a managed, fully taxable-equivalent basis; this site stores as-reported NII. |
| JPM | Net interest income managed basis | ~$103bn | $50.9bn 2 of 4 quarters | — | superseded |
Q4 2025 results
Expect FY2026 net interest income of ~$103B, market dependent Guided on a managed, fully taxable-equivalent basis; this site stores as-reported NII. |
| JPM | Net interest income excluding Markets managed basis | ~$97.2bn | — | — | — |
Q3 2026 results
3Q26YTD | 4Q outlook (market dependent) | FY26 implied — Net interest income excluding Markets $71.7B ~$25.5B ~$97.2B A non-GAAP split this site does not store; the firm does not report it in XBRL. |
| JPM | Net interest income excluding Markets managed basis | ~$96.5bn | — | — | superseded |
Q2 2026 results
Expect FY2026 net interest income excluding Markets of ~$96.5B, market dependent A non-GAAP split this site does not store; the firm does not report it in XBRL. |
| JPM | Net interest income excluding Markets managed basis | ~$95bn | — | — | superseded |
Q1 2026 results
Expect FY2026 net interest income excluding Markets of ~$95B, market dependent A non-GAAP split this site does not store; the firm does not report it in XBRL. |
| JPM | Net interest income excluding Markets managed basis | ~$95bn | — | — | superseded |
Q4 2025 results
Expect FY2026 net interest income excluding Markets of ~$95B, market dependent A non-GAAP split this site does not store; the firm does not report it in XBRL. |
| BAC | Effective tax rate | ~20.0% | — | — | — |
Q4 2025 results
Expect FY26 effective tax rate of ~20% Not among the Tier 1 XBRL concepts this site ingests. |
| BAC | Net interest income growth fte basis | 5.0% – 7.0% | $31.7bn 2 of 4 quarters | — | — |
Q4 2025 results
Expect FY26 NII (FTE) to grow 5% to 7% YoY Guided on a fully taxable-equivalent basis; this site stores as-reported NII. Growth rates of the two bases are close but not identical. |
| BAC | Operating leverage | ~200 bps | — | — | — |
Q4 2025 results
Expect to deliver ~200 bps of operating leverage in 2026 Revenue growth less expense growth; this site does not store it as a metric. |
| BAC | Other income, per quarter | $100m – $300m | — | — | — |
Q4 2025 results
Expect other income of $100MM to $300MM per quarter A component of noninterest income that this site does not store separately. |
| WFC | Net interest income | ~$50bn | $24.4bn 2 of 4 quarters | — | — |
Q3 2026 results
Expect 2026 net interest income (NII) to be +/- $50 billion, unchanged from prior guidance The year is not finished; a variance would be arithmetic on a part-year. |
| WFC | Net interest income | ~$50bn | $24.4bn 2 of 4 quarters | — | superseded |
Q2 2026 results
Expect 2026 net interest income (NII) to be +/- $50 billion, unchanged from prior guidance The year is not finished; a variance would be arithmetic on a part-year. |
| WFC | Net interest income | ~$50bn | $24.4bn 2 of 4 quarters | — | superseded |
Q1 2026 results
Expect 2026 net interest income (NII) to be +/- $50 billion, unchanged from prior guidance The year is not finished; a variance would be arithmetic on a part-year. |
| WFC | Net interest income | ~$50bn | $24.4bn 2 of 4 quarters | — | superseded |
Q4 2025 results
2026 Net Interest Income (NII) Expectation | ($ in billions) +/- $50 | NII ex. Markets Outlook of +/- $48B | Markets NII Outlook of +/- $2B The year is not finished; a variance would be arithmetic on a part-year. |
| WFC | Net interest income excluding Markets | ~$48bn | — | — | — |
Q2 2026 results
Expect 2026 net interest income (NII) to be +/- $50 billion, unchanged from prior guidance A split this site does not store; Wells Fargo reports it only in its presentation. |
| WFC | Net interest income excluding Markets | ~$48bn | — | — | superseded |
Q1 2026 results
Expect 2026 net interest income (NII) to be +/- $50 billion, unchanged from prior guidance A split this site does not store; Wells Fargo reports it only in its presentation. |
| WFC | Net interest income excluding Markets | ~$48bn | — | — | superseded |
Q4 2025 results
2026 Net Interest Income (NII) Expectation | ($ in billions) +/- $50 | NII ex. Markets Outlook of +/- $48B | Markets NII Outlook of +/- $2B A split this site does not store; Wells Fargo reports it only in its presentation. |
| WFC | Markets net interest income | ~$2bn | — | — | — |
Q2 2026 results
Expect 2026 net interest income (NII) to be +/- $50 billion, unchanged from prior guidance A split this site does not store; Wells Fargo reports it only in its presentation. |
| WFC | Markets net interest income | ~$2bn | — | — | superseded |
Q1 2026 results
Expect 2026 net interest income (NII) to be +/- $50 billion, unchanged from prior guidance A split this site does not store; Wells Fargo reports it only in its presentation. |
| WFC | Markets net interest income | ~$2bn | — | — | superseded |
Q4 2025 results
2026 Net Interest Income (NII) Expectation | ($ in billions) +/- $50 | NII ex. Markets Outlook of +/- $48B | Markets NII Outlook of +/- $2B A split this site does not store; Wells Fargo reports it only in its presentation. |
| WFC | Noninterest expense | ~$55.7bn | $28bn 2 of 4 quarters | — | — |
Q3 2026 results
Expect 2026 noninterest expense to be ~$55.7 billion, unchanged from prior guidance The year is not finished; a variance would be arithmetic on a part-year. |
| WFC | Noninterest expense | ~$55.7bn | $28bn 2 of 4 quarters | — | superseded |
Q2 2026 results
Expect 2026 noninterest expense to be ~$55.7 billion, unchanged from prior guidance The year is not finished; a variance would be arithmetic on a part-year. |
| WFC | Noninterest expense | ~$55.7bn | $28bn 2 of 4 quarters | — | superseded |
Q1 2026 results
Expect 2026 noninterest expense to be ~$55.7 billion, unchanged from prior guidance The year is not finished; a variance would be arithmetic on a part-year. |
| WFC | Noninterest expense | ~$55.7bn | $28bn 2 of 4 quarters | — | superseded |
Q4 2025 results
2026 Expense Expectation ($ in billions) The year is not finished; a variance would be arithmetic on a part-year. |
| C | Return on tangible common equity | 10.0% – 11.0% | — | — | — |
Q4 2025 results
We enter 2026 with visible momentum across the firm and are committed to reaching our target of 10-11% RoTCE for the year and positioning Citi for improved returns above that level in the years ahead Citi's own full-year RoTCE. This site's ROTCE is annualized from a single quarter on a two-point average equity base and is explicitly not the figure any of these banks reports, so the two must not be differenced. |
Q4 2025
| Bank | Metric | Guided | Delivered | Variance | Status | Issued & source |
|---|---|---|---|---|---|---|
| JPM | Net interest income managed basis | ~$25bn | $25bn | — | — |
Q3 2025 results
3Q25YTD | 4Q outlook (market dependent) | FY25 implied — Net interest income $70.8B ~$25B ~$95.8B Guided on a managed, fully taxable-equivalent basis; this site stores as-reported NII. |
| BAC | Net interest income fte basis | $15.6bn – $15.7bn | $15.8bn | — | — |
Q3 2025 results
Expect 4Q25 NII (FTE) of $15.6B to $15.7B, up ~8% vs. 4Q24 Guided on a fully taxable-equivalent basis, which runs above as-reported NII; this site stores as-reported. |
| WFC | Net interest income | $12.4bn – $12.5bn | $12.3bn | −$69m | below range |
Q3 2025 results
Expect 4Q25 net interest income to be ~$12.4-$12.5 billion |
| WFC | Noninterest expense | ~$13.5bn | $13.7bn | +$226m | above target |
Q3 2025 results
Expect 4Q25 noninterest expense to be ~$13.5 billion |
Full year 2025
| Bank | Metric | Guided | Delivered | Variance | Status | Issued & source |
|---|---|---|---|---|---|---|
| JPM | Adjusted expense adjusted basis | ~$95.9bn | $95.6bn | — | — |
Q3 2025 results
3Q25YTD | 4Q outlook (market dependent) | FY25 implied — Adjusted expense $71.4B ~$24.5B ~$95.9B Adjusted expense excludes Firmwide legal expense; this site stores total noninterest expense. |
| JPM | Card Services net charge-off rate segment basis | ~3.3% | — | — | — |
Q3 2025 results
2025 outlook Card Services NCO rate ~3.3% A single segment's charge-off rate; this site stores the firmwide rate from the FR Y-9C. |
| JPM | Net interest income managed basis | ~$95.8bn | $95.4bn | — | — |
Q3 2025 results
3Q25YTD | 4Q outlook (market dependent) | FY25 implied — Net interest income $70.8B ~$25B ~$95.8B Guided on a managed, fully taxable-equivalent basis; this site stores as-reported NII. |
| JPM | Net interest income excluding Markets managed basis | ~$92.2bn | — | — | — |
Q3 2025 results
3Q25YTD | 4Q outlook (market dependent) | FY25 implied — Net interest income excluding Markets $68.7B ~$23.5B ~$92.2B A non-GAAP split this site does not store; the firm does not report it in XBRL. |
| WFC | Net interest income | ~$47.7bn | $47.5bn | −$216m | below target |
Q3 2025 results
Expect 2025 net interest income (NII) to be roughly in line with 2024 NII of $47.7 billion, unchanged from prior guidance |
| WFC | Noninterest expense | ~$54.6bn | $54.8bn | +$242m | above target |
Q3 2025 results
Expect 2025 noninterest expense to be ~$54.6 billion, up from prior guidance of ~$54.2 billion |
Standing objectives
Goals published with no target date attached. They are not guidance for a period, so nothing is compared against them here.
| Bank | Objective | Goal | Stated in |
|---|---|---|---|
| C | Return on tangible common equity, near-term goal | 11.0% – 13.0% | Q3 2026 results
We expect to exceed this year's return target, even as we pull forward investments toward our 11-13% near-term goal —the next waypoints on our path to sustainable returns of 14-15% |
| C | Return on tangible common equity, sustainable level | 14.0% – 15.0% | Q3 2026 results
We expect to exceed this year's return target, even as we pull forward investments toward our 11-13% near-term goal —the next waypoints on our path to sustainable returns of 14-15% |
| MS also tracked | Total client assets | $10tn or more | Q4 2025 results
Firmwide Goals — WM Pre-Tax Margin 30% | Client Assets $10 Trillion + | ROTCE 20% | Efficiency Ratio 70% |
| MS also tracked | Efficiency ratio | ~70.0% | Q4 2025 results
Firmwide Goals — WM Pre-Tax Margin 30% | Client Assets $10 Trillion + | ROTCE 20% | Efficiency Ratio 70% |
| MS also tracked | Return on tangible common equity | ~20.0% | Q4 2025 results
Firmwide Goals — WM Pre-Tax Margin 30% | Client Assets $10 Trillion + | ROTCE 20% | Efficiency Ratio 70% |
| MS also tracked | Wealth Management pre-tax margin | ~30.0% | Q4 2025 results
Firmwide Goals — WM Pre-Tax Margin 30% | Client Assets $10 Trillion + | ROTCE 20% | Efficiency Ratio 70% |
Why so many variances are blank
Because the bases differ, and subtracting two different bases produces a number that looks like information and is not. JPMorgan guides net interest income on a managed, fully taxable-equivalent basis and an adjusted expense that excludes legal costs; Bank of America guides net interest income FTE. This site stores as-reported GAAP figures from XBRL. Where the two are the same measure the delivered figure is shown for context and the variance column is left empty, with the reason under the quote. A variance is computed only where the basis matches and the period has finished.
What is not here, and why
The gaps are the point. Only some of these banks commit numbers to a filed document; the rest guide verbally on the call, which cannot be cited. Nothing is filled in from a transcript or a press report.
GS
Goldman Sachs filed no numeric forward guidance in any of the five earnings 8-Ks examined (3Q25, 4Q25, 1Q26, 2Q26, 3Q26). Its releases and results presentations carry results and commentary only. The firm sets multi-year targets at investor days rather than guiding quarter to quarter.
C
Citigroup does not file its earnings presentation as an 8-K exhibit — only the press release, the financial supplement and a securities list — so its revenue and expense guidance, given on the call and in a deck posted to its investor-relations site, is not citable here. What does appear in a filed exhibit is the CEO's quote: a full-year RoTCE target in 4Q25, and in 3Q26 the near-term and sustainable return goals. Both are recorded above. The 3Q26 quote also says Citi expects to exceed this year's target without restating a number, so no revised FY2026 figure is recorded — a direction is not a figure.
BAC
Bank of America's pattern changed. It gave a full-year outlook slide with 4Q25 results and a next-quarter NII range with 3Q25, both recorded above, but its 1Q26, 2Q26 and 3Q26 presentations carry no outlook slide at all — 3Q26 was checked line by line after it filed on 14 Oct 2026 and contains no forward numeric statement in the deck, the supplement or the release, and no CEO quote. Guidance is now updated verbally on the call, which is not a filed document. Do not read the absence of recent BAC rows as a gap in this dataset.
MS
Morgan Stanley files no numeric quarterly guidance. Its releases and financial supplements carry results only — 3Q25, 4Q25, 1Q26, 2Q26 and 3Q26 were each checked. What it does file is a set of undated firmwide goals, published with the 4Q25 strategic update and recorded above as standing objectives. Those are the firm's targets, not guidance for a period, and nothing is scored against them.
The earnings brief
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