JPMorgan Chase earnings summary

Note: This section contains information in English only.
Source: Dukascopy Bank SA
JPMorgan Chase reported strong fourth-quarter 2025 results, with net income of $13.0 billion, or $4.63 per share. Excluding a one-off item related to a new credit card partnership, net income would have been $14.7 billion, or $5.23 per share. For the full year, the bank earned $57.0 billion in net income.

Revenue for the quarter rose 7% year over year to $46.8 billion. The firm delivered solid profitability, with a 15% return on equity and an 18% return on tangible common equity. JPMorgan maintained a strong capital position, ending the quarter with a CET1 ratio of 14.5% and $1.5 trillion in cash and marketable securities. Credit costs totaled $4.7 billion, reflecting charge-offs and an increase in loan loss reserves.



In Consumer & Community Banking, net income declined to $3.6 billion, but revenue increased to $19.4 billion due to higher deposit margins and asset management fees. The bank added 1.7 million new checking accounts and 10.4 million new credit card accounts during the year. The Commercial & Investment Bank performed well, with net income rising 10% to $7.3 billion, supported by strong trading activity, especially in equities. Asset & Wealth Management also posted strong growth, with net income up 19% to $1.8 billion and assets under management reaching $4.8 trillion. Corporate net income fell sharply to $307 million due to lower interest rates.

A key item impacting results was a $2.2 billion credit reserve related to the Apple Card partnership, which reduced earnings per share by $0.60. Management described this as a long-term investment aimed at future growth rather than a sign of credit weakness.

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