JPMORGAN CHASE & (JPM) Company Report

Wall Street rally: S&P 500 rose 0.55% to above 6,900, within 1% of its record after stronger-than-expected Q3 2025 GDP revision to 4.4%.
JPMorgan finds the realized tariff rate around 11% vs. 15% expected, with only 14% of S&P 500 firms highly sensitive to tariffs.
Prediction markets assign over 65% odds that the Supreme Court will rule against the government's unilateral tariff powers, potentially easing investor concerns.
Market volatility eased slightly as the VIX index modestly declined, reflecting calmer investor sentiment.

Jan 23, 2026, 6:01 PM

Fortune

JPMorgan Chase approves 2025 CEO compensation and reports record 2025 results

JPM

Executive Compensation

Dividends

The Board approved $43 million total compensation for CEO Jamie Dimon in 2025, including a $1.5 million base salary and $41.5 million in performance-based incentives with $36.5 million in PSUs.
The firm posted record managed revenue of $185.6 billion and net income of $57.0 billion ($20.02/share) in 2025, delivering 20% ROTCE.
Quarterly common dividend increased from $1.25 to $1.50 per share.
Ended 2025 with a CET1 ratio of 14.5%, CET1 capital of $288 billion, and $1.5 trillion of cash and marketable securities.

Jan 22, 2026, 9:30 PM

8-K

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.

Jan 13, 2026, 3:09 PM

8-K

JPMorgan Chase reports Q4 earnings; U.S. core CPI eases

JPM

Earnings

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.

Jan 13, 2026, 2:27 PM

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%

Jan 13, 2026, 1:30 PM

Transcript

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%.

Jan 13, 2026, 1:30 PM

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%.

Jan 13, 2026, 1:30 PM

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

Jan 13, 2026, 1:30 PM

Presentation

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.

Jan 13, 2026, 12:40 PM

Morningstar

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).