JPM JP Morgan Second Quarter 2025 Earnings Report

# JPM: NYSE Second Quarter 2025 Earnings Report

**Release Date: July 15, 2025**

JPMorgan Chase & Co. (NYSE: JPM) has reported its second-quarter 2025 financial results, showcasing significant metrics across various divisions. Here is a summary of the reported figures and highlights from the results:

### Financial Highlights
– **Net Income**:
– Reported: **$15.0 billion** ($5.24 per share)
– Excluding significant item: **$14.2 billion** ($4.96 per share)
– Year-over-Year Change: Down **17%** from **$18.2 billion** in Q2 2024.

– **Total Revenue**:
– Reported: **$44.9 billion**
– Managed: **$45.7 billion**
– Year-over-Year Change: Down **10%** from **$50.2 billion** in Q2 2024.

– **Net Interest Income**:
– Total: **$23.3 billion** (up **2%** YoY)
– Excluding Markets: **$22.8 billion** (down **1%** YoY)

– **Noninterest Revenue**:
– Total: **$22.4 billion** (down **20%** YoY)
– Excluding Markets: **$14.0 billion** (up **8%** YoY)

– **Expenses**:
– Noninterest Expenses: **$23.8 billion** (flat YoY)
– Overhead Ratio: **53%** (reported); **52%** (managed).

– **Credit Costs**:
– Provision for Credit Losses: **$2.8 billion**
– Net Charge-offs: **$2.4 billion**, up **8%** from the previous year.
– Net Reserve Build: **$439 million**.

### Business Segment Performance
1. **Consumer & Community Banking (CCB)**:
– Net Income: **$5.2 billion** (up **23%** YoY)
– Net Revenue: **$18.8 billion** (up **6%** YoY)
– Active mobile customers: **up 8%** YoY.

2. **Commercial & Investment Banking (CIB)**:
– Net Income: **$6.7 billion** (up **13%** YoY)
– Net Revenue: **$19.5 billion** (up **9%** YoY).
– Investment Banking Fees: Up **7%** YoY.

3. **Asset & Wealth Management (AWM)**:
– Net Income: **$1.5 billion** (up **17%** YoY)
– Net Revenue: **$5.8 billion** (up **10%** YoY).
– Assets Under Management (AUM): **$4.3 trillion** (up **18%** YoY).

4. **Corporate**:
– Net Income: **$1.7 billion** (down **75%** YoY).
– Net Revenue: **$1.5 billion** (down **85%** YoY).
– Included a **$774 million** income tax benefit.

### Capital and Returns
– **CET1 Capital Ratio**: **15.0%** standardized.
– **Return on Equity (ROE)**:
– Firm: **18%**.
– CCB: **36%**.
– CIB: **17%**.
– AWM: **36%**.

– **Dividends and Share Repurchases**:
– Common Dividend Declared: **$3.9 billion** or **$1.40 per share**.
– Share Repurchase: **$7.1 billion** of common stock, with a **Net payout LTM** of **71%**.

### Commentary from Leadership
– Jamie Dimon, Chairman and CEO, noted:
– Strong financial results with solid performances across business segments.
– Enhanced capital management with a significant dividend increase (20% compared to the prior year).
– Cautious outlook on the economy due to tariff impacts, geopolitical risks, and asset price levels.

### Summary
JPMorgan Chase & Co. exhibited a robust performance in the second quarter of 2025 despite facing challenges from market conditions and larger economic uncertainties. With a commendable growth in key areas such as deposits and asset management, the firm’s financial health remains solid, underscored by substantial returns to shareholders through dividends and stock repurchases.

### CONDENSED CONSOLIDATED STATEMENTS OF INCOME ($ millions)

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### CONDENSED CONSOLIDATED BALANCE SHEETS ($ millions)