Credit Calls

Latest edition · July 21, 2026

JPM Credit Calls Tuesday 2026 07 21

This report provides daily credit research analysis, covering sectors including Automotive, Financials, and Packaging, alongside updates on earnings results and macroeconomic indicators.

J.P. Morgan's North America Credit Research team provides a daily overview of corporate credit, featuring performance reviews for Alcoa and Crown Holdings, sector commentary on Aerospace & Defense and Technology, and insights into the US banking sector's earnings. The report highlights ongoing macro pressures in the automotive sector, supply chain concerns, and the impact of rising global yields on the Foreign Attractiveness of USD IG Bonds index.

Key takeaways from the latest edition

• 1.The High Grade Automotive sector remains pressured due to elevated input costs and supply chain headwinds.
• 2.US Bank trading assets increased significantly, with large notional increases at Citigroup and Goldman Sachs.
• 3.Crown Holdings reported strong 2Q26 earnings with sequential margin expansion and global beverage can volume growth.

What this series covers

• Feature
• High Grade Automotive: 3Q26 Handbook
• High Yield Aerospace/Defense, Industrials, and Services: 2Q26 Model Book
• Sector Outlook Summary
• US Bank and Non-Bank Financials: 2Q'26 Earnings
• Alcoa: Slightly Soft 2Q26
• Crown Holdings: Strong 2Q26, FY26 Guidance Raised on Improved Demand
• Strategy & Sector Commentary
• Earnings Call Sheet: 2Q26 Results Preview & Calendar
• HG Credit Foreign Demand Monitor
• High Grade Energy: Thoughts Ahead of Earnings and 2Q26 Previews
• Key Themes and Expectations Ahead of Earnings
• High Yield Paper & Packaging: 2Q26 Earnings Preview
• Leveraged Loan-Secured Bond Relative Value Report
• Technology & Telecom Weekly
• Company Comments
• Univision Communications Inc.: Moving to an Underweight Rating from Not Rated

Edition archive

• JPM Credit Calls Tuesday 2026 07 21

  July 21, 2026

• JPM Credit Calls Wednesday, July 15, 2026

  July 15, 2026

• JPM Credit Calls Tuesday, July 14, 2026

  July 14, 2026

• JPM Credit Calls Monday, July 13, 2026

  July 13, 2026

• JPM Credit Calls Friday, July 10, 2026

  July 10, 2026

• JPM Credit Calls Thursday, July 09, 2026

  July 9, 2026