JPMorgan Chase Reports Q2 2025 Earnings, Files Form 10-Q with SEC

JPMorganChase has filed its Quarterly Report on Form 10-Q for Q2 2025 with the SEC. The report is available on the SEC's website and the firm's Investor Relations website. JPMorganChase had $4.6 trillion in assets and $357 billion in stockholders' equity as of June 30, 2025. The firm is a leading financial services provider with operations worldwide.

JPMorgan Chase has filed its Quarterly Report on Form 10-Q for Q2 2025 with the SEC, revealing robust financial performance. The report, available on the SEC's website and the firm's Investor Relations website, highlights the company's ongoing resilience and strategic initiatives.

Key highlights from the report include:

- Net Income: JPMorgan Chase reported net income of $15 billion (GAAP) for Q2 2025, including an income tax benefit of $774 million. Earnings per share (EPS) stood at $5.24 for the quarter.
- Revenue: Total revenue for the quarter was $45.7 billion, a 10% year-on-year decrease. This was primarily driven by a $6.3 billion (31%) decrease in non-interest revenue (NIR) ex Markets and a $185 million (1%) decline in net interest income (NII) ex Markets. Markets revenue, however, increased by $1.1 billion, or 15% year-on-year.
- Expenses: Expenses for Q2 2025 totaled $23.8 billion, up $66 million from the previous year. This increase was primarily due to higher compensation, brokerage and distribution fees, and auto lease depreciation.
- Credit Costs: Credit costs for the quarter amounted to $2.8 billion, including $2.4 billion in net charge-offs and a $439 million net reserve build attributed to new lending activity.
- CET1 Ratio: The Common Equity Tier 1 (CET1) ratio declined to 15% from the previous quarter, a 40-basis-point drop. This was offset by higher net income and increased risk-weighted assets (RWA).
- Dividend Outlook: The Board intends to increase the dividend to $1.50 per share in Q3 2025.
- Business Segments:
- Consumer & Community Banking (CCB): Reported net income of $5.2 billion on revenue of $18.8 billion, up 6% year-on-year.
- Commercial & Investment Bank (CIB): Net income was $6.7 billion, with revenue of $19.5 billion, up 9% year-on-year.
- Asset & Wealth Management (AWM): Revenue was $5.8 billion, up 10% year-on-year, with net income of $1.5 billion and pretax margin of 34%.

JPMorgan Chase's CFO, Jeremy Barnum, emphasized the firm's strategic capital use, noting that all capital deployment options, including inorganic opportunities, remain under consideration. CEO James Dimon underscored the importance of regulatory reforms and highlighted the firm's competitive edge in various segments.

The report also discusses the firm's engagement with deposit tokens and stablecoins, positioning them as key technologies for future growth. Additionally, the Sapphire card product refresh was highlighted as a response to a dynamic competitive landscape.

References:
[1] https://www.fool.com/earnings/call-transcripts/2025/08/04/jpmorgan-jpm-q2-2025-earnings-call-transcript/