JPMORGAN CHASE & (JPM) Company Report

JPMorgan Chase revised its outlook to predict the Federal Reserve will implement a 0.25% rate cut at its December meeting and another in January.
Swap traders are now pricing in an 80% probability of a December rate reduction, up significantly from prior weeks.
The Fed’s Beige Book reports stable economic activity but notes a divergence in consumer spending: lower- and middle-income households are cutting back while high-income spending remains resilient.
Employment showed a slight decline and moderate price increases persist, with tariffs keeping input costs elevated.
Firms are leaning on labor-saving measures such as hiring freezes and attrition rather than layoffs to manage costs amid uncertainty.

Nov 26, 2025, 10:54 PM

Bloomberg

JPMorgan Asset Management closes Co-Investment Fund II above target at $1 billion

JPM

New Projects/Investments

J.P. Morgan Asset Management’s Private Equity Group closed its second dedicated co-investment vehicle, PEG Co-Invest II, at $1 billion, surpassing a $750 million target.
COIN II will focus on the group’s long-standing small- and middle-market buyout strategy, leveraging its GP network to source attractive opportunities.
The fund is structured to be diversified across sector, region and value-creation strategies.
PEG’s inaugural co-investment fund in 2021 raised $667 million and is now fully committed across a diverse portfolio.

Nov 19, 2025, 2:00 PM

Press Release

JPMorgan shares fall 1.07% amid market declines

JPM

Shares down 1.07%, marking a third straight day of losses amid broad market weakness.
Fitch assigned ratings to JPMorgan’s residential mortgage–backed securities pool of 219 loans totaling $319.19 million, with a weighted average FICO of 776 and LTV of 72.9%.
JP Morgan analysts note 12% earnings growth from non-Magnificent 7 U.S. firms and Eurozone Q3 earnings up 1.0% y/y, with further improvement expected in 2026.
The bank anticipates continued rotation into lagging sectors and recommends buying dips given a stable economic and interest-rate outlook.

Nov 17, 2025, 12:57 PM

Bloomberg

JPMorgan Chase secures fee deals with fintech data aggregators

JPM

JPMorgan Chase reached fee agreements with Plaid, Yodlee, Morningstar, and Akoya, shifting from free to paid access for customer account data after weeks of negotiation with lower fees than initially proposed.
These four fintechs account for over 95% of third-party data requests to JPMorgan customer accounts.
The deals include concessions on data request management to enhance security and sustainability in the open banking ecosystem.
The agreements come amid debate over the CFPB’s open banking rule mandating free consumer data sharing between banks and fintechs.

Nov 14, 2025, 3:40 PM

CNBC

JPMorgan Asset Management acquires Emerald Ridge timberland

JPM

New Projects/Investments

M&A

Campbell Global, J.P. Morgan Asset Management’s timberland arm, acquired Emerald Ridge, a 28,200-acre property in Oregon’s north coastal and Willamette Valley regions, to be managed under Sustainable Forestry Initiative standards.
Emerald Ridge comprises approximately 8.5 million trees of key species, over 365 miles of streams (including 70 miles supporting fish), and 3,100 acres of streamside buffers, with 390 acres dedicated to wildlife habitats.
The deal boosts Campbell Global’s portfolio—overseeing 1.4 million acres and managing $10.1 billion in assets as of December 31, 2024—and follows the close of its $1.5 billion Forest & Climate Solutions Fund II in March 2025.

Nov 10, 2025, 2:00 PM

Press Release

JPMorgan CCB CFO outlines consumer resilience and growth strategies at Boston conference

JPM

Guidance Update

Revenue Acceleration/Inflection

Consumers remain resilient with stable cash buffers and low delinquencies across income bands, and spend trends strengthening into Q4, particularly in discretionary categories.
Card loans grew 8% year-over-year in Q3, driven by adding over 10 million new accounts annually; growth is expected to moderate as revolved-balance normalization tailwind fades.
The bank maintains its long-term 15% deposit share ambition, noting deposit outflows have moderated to near flat year-over-year and local branch expansions in 45 markets aim to drive share gains.
Expense growth is being managed with flat headcount, continued investment in branches and front-office roles, and efficiency gains from AI and operations, while total branch count is set to increase slightly.

Nov 6, 2025, 1:55 PM

Transcript

JPMorgan Chase discusses credit, deposits, loan growth and AI efficiencies

JPM

Guidance Update

Guidance lowered credit card net charge-off rate to ~3.3% this year (from 3.6%) and anticipates slightly lower guidance for next year based on improved early delinquencies and recoveries
Deposit growth remains paused due to cash-sorting and yield-seeking but JPM remains confident in its long-term 15% deposit share goal via local market branch build-out in 45 markets
Card loan growth decelerated to 8% in Q3 (vs. 10% earlier) as revolved normalization tailwind fades; continues to add 10M+ new accounts annually driving loan growth
Consumer & Community Banking headcount flat with front-office additions offset by operational efficiencies (including AI initiatives); branch count set to slightly increase, with average break-even time under 4 years and strong investment balance performance

Nov 6, 2025, 1:55 PM

Transcript

JPMorgan Chase outlines deposit outlook and growth strategies at BancAnalysts Association of Boston Conference

JPM

Guidance Update

New Projects/Investments

CFO projects deposit growth inflection in H2 2025, citing delayed rate cuts and savings-rate shifts but underscores robust long-term drivers, including 10 million net new checking accounts over five years.
Reaffirms 15% deposit market share goal; holds <5% branch share in ~40% of U.S. markets, with share gains in markets where branches have been added.
Marked the 1,000th new branch since 2018; branches break even in <4 years on average, and require ~10–12% branch share to achieve a meaningful deposit “power score”.
Card loans grew 8% in Q3 2025, driven by >10 million new accounts annually; revolved‐balance normalization tailwind largely behind, forecasting similar to slightly decelerating growth next year.
Expense growth on track with guidance: flat overall headcount, continued front-office hiring, and product & tech spend flat as AI-driven operational efficiencies offset costs.

Nov 6, 2025, 1:55 PM

Transcript

JPMorgan Chase’s Kinexys platform enables 24/7 cross-border FX settlements

JPM

Product Launch

Siemens AG and B2C2 are using JPMorgan’s Kinexys Digital Payments platform for near-instant cross-border FX in USD, GBP, and EUR around the clock.
The Kinexys network, launched in 2019, processes $3 billion daily, a growing slice of JPMorgan’s $10 trillion daily payment volume.
B2C2 acts as a market maker, providing continuous liquidity for live conversions and reducing execution slippage during non-standard hours.
Siemens leverages the blockchain-based FX solution to optimize working capital and reshape global treasury operations in real time.

Oct 22, 2025, 9:21 AM

Bloomberg

J.P. Morgan Asset Management releases 2026 Long-Term Capital Market Assumptions

JPM

Guidance Update

J.P. Morgan Asset Management issued its 30th edition of Long-Term Capital Market Assumptions, offering a 10–15-year outlook on returns and risks.
A 60/40 stock-bond portfolio is forecast to return 6.4% annually, increasing to 6.9% with a 30% allocation to diversified alternatives, and delivering a 25% lift in Sharpe ratio over the simple 60/40.
Key asset class return assumptions include 4.0% for U.S. intermediate Treasuries, 6.7% for U.S. large-cap equities, 7.8% for emerging markets equities, and 10.2% for private equity.
The report highlights the need for diversification amid economic nationalism and accelerating AI adoption, stressing active management and real assets to manage volatility.

Oct 20, 2025, 5:12 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for JPMORGAN CHASE &.

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