JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks throughout the U.S. Senate Banking, Housing and City Affairs Committee oversight listening to on Wall Avenue companies, on Capitol Hill in Washington, D.C.Evelyn Hockstein | ReutersJPMorgan Chase stated late Wednesday that the Federal Reserve overestimated a key measure of earnings within the large financial institution’s current stress check, and that its losses beneath the examination ought to truly be larger than what the regulator discovered.The financial institution took the weird step of issuing a press launch minutes earlier than midnight ET to reveal its response to the Fed’s findings.JPMorgan stated that the Fed’s projections for a measure known as “different complete earnings” — which represents revenues, bills and losses which might be excluded from internet earnings — “seems to be too massive.”Underneath the Fed’s desk of projected income, earnings and losses although 2026, JPMorgan was assigned $13 billion in OCI, greater than any of the 31 lenders on this 12 months’s check. It additionally estimated that the financial institution would face roughly $107 billion in mortgage, funding and buying and selling losses in that state of affairs. “Ought to the Agency’s evaluation be appropriate, the ensuing stress losses could be modestly larger than these disclosed by the Federal Reserve,” the financial institution stated.The error implies that JPMorgan may require extra time to finalize its share repurchase plan, in keeping with an individual with information of the scenario. Banks have been anticipated to start disclosing these plans on Friday after the market closes.The information is a wrinkle to the Federal Reserve’s announcement yesterday that each one 31 of the banks within the annual train cleared the hurdle of having the ability to stand up to a extreme hypothetical recession, whereas sustaining satisfactory capital ranges and the flexibility to lend to shoppers and firms.Final 12 months, Financial institution of America and Citigroup made comparable disclosures, saying that estimates of their very own future earnings differed from the Fed’s outcomes.Banks have complained that points of the annual examination are opaque and that it is obscure how the Fed produces a few of its outcomes.