Q2 2025 JPMorgan Chase & Co Earnings Call Transcript
Key Points
- JPMorgan Chase & Co (JPM) reported a strong net income of $15 billion with an EPS of $5.24, indicating robust financial performance.
- The Commercial & Investment Bank (CIB) segment showed significant growth with net income of $6.7 billion, up 9% year-on-year, driven by increased investment banking fees and advisory fees.
- Asset & Wealth Management (AWM) reported a 10% increase in revenue year-on-year, supported by strong net inflows and higher average market levels.
- The firm maintained a solid CET1 ratio of 15%, despite capital distributions and higher risk-weighted assets (RWA), showcasing strong capital management.
- JPMorgan Chase & Co (JPM) plans to increase its dividend to $1.50 per share in the third quarter, reflecting confidence in its financial stability and future earnings potential.
- Total revenue for the quarter was $45.7 billion, down 10% year-on-year, indicating a decline in overall business activity.
- Net interest income (NII) excluding markets was down 31%, reflecting challenges from lower rates and deposit margin compression.
- Expenses increased by 5% year-on-year, driven by higher compensation and auto lease depreciation, which could pressure profit margins.
- Credit costs were significant at $2.8 billion, with net charge-offs of $2.4 billion, indicating ongoing credit risk concerns.
- The CET1 ratio decreased by 40 basis points from the prior quarter, primarily due to increased wholesale lending and higher RWA, which could impact future capital flexibility.
Good morning, ladies and gentlemen. Welcome to JPMorgan Chase's second quarter 2025 earnings call.
This call is being recorded. (Operator Instructions)
We will now go live to the presentation. The presentation is available on JPMorgan Chase's website. Please refer to the disclaimer in the back concerning forward-looking statements.
At this time, I would like to turn the call over to JPMorgan Chase's Chairman and CEO, Jamie Dimon; and Chief Financial Officer, Jeremy Barnum. Mr. Barnum, please go ahead.
Thank you very much, and good morning, everyone. This quarter, the firm reported net income of $15 billion, EPS of $5.24 on revenue of $45.7 million, with an ROTCE of 21%. These results included an income tax benefit of $774 million, which we described in more detail in the earnings press release.
On the next page, we have some more detail. The firm reported revenue of $45.7 billion, down $5.3 billion, or 10% year-on-year.
NII ex-markets was down $185
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
