CEEMEA Equity Research 21 July 2026 J P M O R G A N 2Q26 First Take: NIM stabilizes while ultra-low cost of risk supports the bottom line Sukanya Khan (91-22) 6157-3377 sukanya.khan@jpmchase.com J.P. Morgan India Private Limited Saudi Awwal Bank See page 4 for analyst certification and important disclosures, including non-US analyst disclosures. Our Take: 2Q26 net income of SAR2,331mn came in 14%/10% ahead of BBG consensus/JPMe, up +12% QoQ / +10% YoY, with the beat mainly driven by low provisions. Pre-prov ...