Key Takeaways JPMorgan expects 2026 expenses to rise more than $9B to$105B, leading to a 4.7% stock drop.Costs reflect growth and volume spending plus higher tech, AI and structural inflation pressures.JPMorgan is expanding branches and digital banking while seeing capital markets revenue improving.Shares of JPMorgan (JPM) fell 4.7% in yesterday’s trading session after Marianne Lake, the CEO of the company’s Consumer and Community Banking business, said at the Goldman Sachs 2025 U.S. Financial Services Con ...