WS Investor
15 Jul 2025, 14:34
JPMorgan Chase & Co. Q2 2025 Earnings Summary
JPMorgan Chase reported Q2 2025 net income of $15.0 billion ($5.24 per share), or $14.2 billion ($4.96 per share) excluding a $774 million tax benefit. Revenue was $45.7 billion (managed basis), down 10% year-over-year. Return on equity was 18%, and CET1 capital ratio stood at 15.0%.
Business Segment Highlights:
• Consumer & Community Banking (CCB):
Net income rose 23% to $5.2 billion. Revenue increased 6% to $18.8 billion, driven by higher card income and asset management fees. Card Services revenue grew 15%.
Provision for credit losses was $2.1 billion, down from $2.6 billion last year.
• Corporate & Investment Bank (CIB):
Net income increased 13% to $6.7 billion. Total revenue rose 9% to $19.5 billion.
Markets revenue jumped 15% to $8.9 billion, with both Fixed Income and Equity Markets growing 14–15%.
Investment banking fees were up 7%, supported by stronger debt and advisory activity.
• Asset & Wealth Management (AWM):
Net income increased 17% to $1.5 billion. Revenue rose 10% to $5.8 billion, reflecting higher AUM and deposit balances.
AUM reached $4.3 trillion (+18% YoY); total client assets surpassed $6.4 trillion.
• Corporate Segment:
Net income was $1.7 billion, down from $6.8 billion last year due to the absence of a $7.9 billion Visa-related gain in 2024.
Includes a $774 million tax benefit from audit resolutions and regulatory changes.
Capital & Shareholder Returns:
• Dividend: $3.9 billion ($1.40/share)
• Stock buybacks: $7.1 billion
• Book value per share: $122.51 (+10% YoY)
• Tangible book value per share: $103.40 (+11% YoY)
CEO Jamie Dimon:
Dimon highlighted solid performance across business lines, strong liquidity of $1.5 trillion, and a healthy capital position. While economic resilience continued, he cautioned about risks such as high asset prices, geopolitical tension, and fiscal deficits.
JPMorgan Chase reported Q2 2025 net income of $15.0 billion ($5.24 per share), or $14.2 billion ($4.96 per share) excluding a $774 million tax benefit. Revenue was $45.7 billion (managed basis), down 10% year-over-year. Return on equity was 18%, and CET1 capital ratio stood at 15.0%.
Business Segment Highlights:
• Consumer & Community Banking (CCB):
Net income rose 23% to $5.2 billion. Revenue increased 6% to $18.8 billion, driven by higher card income and asset management fees. Card Services revenue grew 15%.
Provision for credit losses was $2.1 billion, down from $2.6 billion last year.
• Corporate & Investment Bank (CIB):
Net income increased 13% to $6.7 billion. Total revenue rose 9% to $19.5 billion.
Markets revenue jumped 15% to $8.9 billion, with both Fixed Income and Equity Markets growing 14–15%.
Investment banking fees were up 7%, supported by stronger debt and advisory activity.
• Asset & Wealth Management (AWM):
Net income increased 17% to $1.5 billion. Revenue rose 10% to $5.8 billion, reflecting higher AUM and deposit balances.
AUM reached $4.3 trillion (+18% YoY); total client assets surpassed $6.4 trillion.
• Corporate Segment:
Net income was $1.7 billion, down from $6.8 billion last year due to the absence of a $7.9 billion Visa-related gain in 2024.
Includes a $774 million tax benefit from audit resolutions and regulatory changes.
Capital & Shareholder Returns:
• Dividend: $3.9 billion ($1.40/share)
• Stock buybacks: $7.1 billion
• Book value per share: $122.51 (+10% YoY)
• Tangible book value per share: $103.40 (+11% YoY)
CEO Jamie Dimon:
Dimon highlighted solid performance across business lines, strong liquidity of $1.5 trillion, and a healthy capital position. While economic resilience continued, he cautioned about risks such as high asset prices, geopolitical tension, and fiscal deficits.