JPMORGAN CHASE & (JPM) Company Report

December CPI rose 0.3% month-over-month and 2.7% year-over-year, while core CPI increased 0.2% MoM, easing concerns of further Fed tightening.
Dow fell about 300 points and the Nasdaq was flat, though futures rose on softer core inflation data.
JPMorgan reported adjusted EPS of $5.23, beating estimates, and shares were up about 0.5% in premarket trading.
The bank took a $2.2 billion charge related to the Apple Card partnership and CEO Jamie Dimon described the economy as “resilient”.
Dimon warned that political interference with the Fed could push interest rates higher.

2 hours ago

Morningstar

JPMorgan Chase discusses Q4 2025 results and 2026 outlook

JPM

Guidance Update

In Q4 2025, net income was $13 billion with EPS of $4.63, ROTCE at 18%, and revenue of $46.8 billion (+7% YoY).
For full-year 2025 (ex-significant items), net income was $57.5 billion, EPS $20.18, revenue $185 billion, and ROTCE 20%.
CET1 ratio stood at 14.5%, with the Apple Card forward purchase adding ~$23 billion to standardized RWA and ~$110 billion to advanced RWA.
2026 guidance: NII ex-Markets of $95 billion, total NII $103 billion, adjusted expenses $105 billion, and card net charge-off rate of 3.4%.

2 hours ago

Transcript

JPMorgan Chase reports Q4 2025 results and 2026 outlook

JPM

Earnings

Guidance Update

JPMorgan posted Q4 net income of $13 billion, EPS of $4.63 and ROTCE of 18%, with revenue up 7% y/y to $46.8 billion. Results included a $2.2 billion reserve build for the Apple Card forward purchase commitment.
For full-year 2025 (ex-significant items), net income was $57.5 billion, EPS $20.18, revenue $185 billion, and ROTCE 20%.
Segment highlights: Consumer & Community Banking earned $3.6 billion (or $5.3 billion ex-reserve build) on $19.4 billion revenue; Corporate & Investment Bank earned $7.3 billion on $19.4 billion revenue; Asset & Wealth Management earned $1.8 billion on $6.5 billion revenue with $52 billion in Q4 long-term net inflows.
2026 guidance: NII ex-Markets ~$95 billion, total NII ~$103 billion, adjusted expense ~$105 billion, and card net charge-off rate ~3.4%.

2 hours ago

Transcript

JPMorgan Chase announces Q4 2025 and FY 2025 financial results

JPM

Earnings

Guidance Update

Dividends

Q4 2025 net income of $13.0 B, diluted EPS of $4.63, and managed revenue of $46.8 B, with ROTCE of 18% reflecting 7% YoY revenue growth.
Full-year 2025 net income of $57.0 B, diluted EPS of $20.02, and revenue of $185.6 B, up 3% YoY.
Returned capital via a common dividend of $1.50 per share ($4.1 B) and $7.9 B of net share repurchases in Q4, achieving an LTM net payout ratio of 82%.
Strong capital position with a Standardized CET1 ratio of 14.5%, Advanced CET1 of 14.1%, and Total Loss-Absorbing Capacity of $564 B.
2026 outlook: expects net interest income of ~$103 B, NII excluding Markets of ~$95 B, and adjusted expense of ~$105 B.

3 hours ago

8-K

JPMorgan reports Q4 profit decline after Apple Card reserve

JPM

Earnings

Accounting Changes

New Projects/Investments

Q4 net income fell to about $13 billion ($4.63/share) after a $2.2 billion loan-loss reserve for the Apple Card; ex-reserve EPS would have been $5.23.
Revenue rose ~7% to $46.8 billion, led by strong markets trading and growth in consumer and wealth businesses.
Consumer & Community Banking and Commercial & Investment Bank each generated $19.4 billion (up 6% and 10%, respectively), while Asset & Wealth Management posted a record $6.5 billion (+13%).
Market revenue climbed about 17% (fixed-income +7%, equities +40%), and net interest income grew 7% to $25 billion.
The Apple Card portfolio adds roughly 8% to total card loans, with the transition from Goldman Sachs to take about 24 months, per CEO Jamie Dimon.

4 hours ago

Morningstar

JPMorgan reports Q4 2025 results and 2026 outlook

JPM

Earnings

Guidance Update

Q4 net income $13 billion, EPS $4.63, ROTCE 18%; revenue $46.8 billion (+7% y/y), expenses $24 billion (+5% y/y)
FY2025 net income $57.5 billion, EPS $20.18, revenue $185 billion, ROTCE 20%
CET1 ratio 14.5% (down 30 bps q/q); standardized RWA up by $23 billion from the Apple Card purchase commit; advanced RWA contribution $110 billion now, expected to decline to $30 billion
CCB net income $3.6 billion (or $5.3 billion ex-reserve build), revenue $19.4 billion (+6% y/y); CIB net income $7.3 billion, revenue $19.4 billion (+10% y/y)
2026 guidance: NII ex-Markets $95 billion, total NII $103 billion (Markets NII $8 billion); adjusted expenses $105 billion; card net charge-off rate ~3.4%

4 hours ago

Transcript

JPMorgan Chase reports Q4 2025 results

JPM

Earnings

Dividends

Share Buyback

Reported 4Q25 net income of $13.0 B and diluted EPS of $4.63; excluding a significant item, net income was $14.7 B and EPS $5.23
Managed revenue of $46.8 B, up 7% YoY; net interest income was $25.1 B (+7% YoY) and noninterest revenue was $21.7 B (+7% YoY)
Expenses totaled $24.0 B, yielding a managed overhead ratio of 51%; expense increased 5% YoY
Average loans reached $1.5 T (+9% YoY) and average deposits were $2.6 T (+6% YoY); CET1 capital ratio stood at 14.5%
Returned capital via a common dividend of $4.1 B ($1.50/share) and $7.9 B of net share repurchases

11 hours ago

Presentation

JPMorgan Chase reports Q4 2025 earnings

JPM

Earnings

Dividends

Share Buyback

JPMorgan Chase delivered net income of $13.0 billion ($4.63 per share) in Q4 2025 and $14.7 billion ($5.23 per share) excluding a significant item, compared with $14.0 billion ($4.81) in Q4 2024.
The firm reported $45.8 billion in GAAP revenue and $46.8 billion on a managed basis; noninterest expense was $24.0 billion, and credit costs totaled $4.7 billion in the quarter.
Capital distributions included a common dividend of $4.1 billion ($1.50 per share) and $7.9 billion of share repurchases, representing an 82% net payout ratio over the last twelve months.
Capital and balance-sheet metrics remained strong: CET1 ratios of 14.5% (standardized) and 14.1% (advanced), total loss-absorbing capacity of $564 billion, average loans of $1.5 trillion (up 9% YoY) and average deposits of $1.5 trillion (up 6% YoY).

11 hours ago

8-K

JPMorgan explores institutional crypto trading

JPM

New Projects/Investments

Exploring spot and derivatives crypto trading for institutions, contingent on client demand, risk assessments and regulations.
Completed tokenization projects on Ethereum and Solana, and filed for Bitcoin-backed structured notes tracking BlackRock’s BTC ETF.
Permitting clients to use BTC and ETH as loan collateral but will not offer custody services.

Dec 22, 2025, 1:38 PM

Bloomberg

JPMorgan Chase announces weekly YieldMax® ETF distributions

JPM

Dividends

On December 19, 2025, YieldMax® ETFs declared weekly distributions for its Group 2 option income strategy ETFs, covering 33 funds including ABNY, AIYY, AMDY and others.
Distribution per share ranged from $0.0495 (NFLY) to $0.9867 (CVNY), with distribution rates spanning 15.27% (BRKC) to 125.67% (CVNY).
30-Day SEC yields varied between 1.15% (AMDY) and 4.66% (MARO), while estimated return of capital (ROC) percentages ranged from 0% to 100% across the ETF lineup.