Core Insights - JPMorgan Chase & Co. reported a revenue of $45.31 billion for the quarter ended March 2025, reflecting an 8.1% increase year-over-year and a surprise of +4.82% over the Zacks Consensus Estimate of $43.23 billion [1] - The earnings per share (EPS) for the quarter was $5.07, compared to $4.63 in the same quarter last year, resulting in an EPS surprise of +9.74% against the consensus estimate of $4.62 [1] Financial Performance Metrics - Net loan charged-off on average loans was 0.7%, matching the six-analyst average estimate [4] - Book value per share reached $119.24, exceeding the $117.88 average estimate from five analysts [4] - Total interest-earning assets averaged $3,668.38 billion, surpassing the $3,563.10 billion average estimate from four analysts [4] - Total non-performing assets stood at $9.11 billion, lower than the four-analyst average estimate of $9.81 billion [4] Revenue Breakdown by Business Line - Consumer & Community Banking revenue from Card Services & Auto was $6.85 billion, exceeding the $6.32 billion estimate and representing an 11.5% year-over-year increase [4] - Total net revenue from the Commercial & Investment Bank was $19.67 billion, slightly above the two-analyst average estimate of $19.66 billion [4] - Payments revenue within the Commercial & Investment Bank was $4.57 billion, below the two-analyst average estimate of $4.87 billion [4] - Total Banking & Payments revenue was $8.75 billion, compared to the $9.39 billion average estimate [4] - Fixed Income Markets revenue was $5.85 billion, slightly below the $5.99 billion estimate [4] - Equity Markets revenue reached $3.81 billion, exceeding the two-analyst average estimate of $3.17 billion [4] - Home Lending revenue was $1.21 billion, slightly below the two-analyst average estimate of $1.23 billion, with a year-over-year change of +1.8% [4] - Total Markets & Securities Services revenue was $10.91 billion, surpassing the two-analyst average estimate of $10.27 billion [4] Stock Performance - Over the past month, shares of JPMorgan Chase & Co. returned +0.9%, contrasting with the Zacks S&P 500 composite's -6.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Viewpoint - JPMorgan Chase & Co. is experiencing stock price fluctuations due to economic uncertainty, but its solid business fundamentals and capital strength position it well for future growth [1][2]. Financial Performance - JPMorgan's Q1 revenue grew by 9.7% to $46 billion, exceeding consensus estimates by $1.86 billion [2]. - The Commercial & Investment Banking segment saw fees increase by 12%, while Markets revenue grew by 21% [3]. - In Asset & Wealth Management, assets under management rose by 15%, loans by 5%, and deposits by 7% [3]. Consumer Banking Challenges - The Consumer & Community Banking segment showed weakness, with net charge-offs increasing nearly 20% to $2.3 billion, primarily in card services [4]. Profitability and Guidance - The adjusted EPS reached $4.91, up nearly 11% year over year, supported by improved margins and a reduced share count [5]. - The company reaffirmed its guidance for strong net interest income (NII) and margin performance due to higher interest rates [5]. Dividend and Share Buybacks - JPMorgan maintains a dividend yield of 2.42% with an annual dividend of $5.60, supported by a low payout ratio of 25% [6][7]. - The bank's share buybacks reduced the share count by 1% sequentially and 3% year over year in Q1 2025 [7]. Institutional Ownership and Analyst Ratings - Institutional investors own approximately 72% of JPMorgan's shares, with consistent buying over the past three quarters [8]. - Analysts rate JPMorgan as a Moderate Buy, with expectations of a 10% price increase from critical resistance levels [8]. Market Conditions and Future Outlook - The stock may face resistance due to macroeconomic headwinds, but a resolution of trade relations could lead to new highs [9][10].

Core Viewpoint - JPMorgan's first-quarter 2025 earnings reached $5.07 per share, exceeding the Zacks Consensus Estimate of $4.62, driven by strong trading performance, growth in credit card and wholesale loans, and decent investment banking performance [1][2] Financial Performance - The company reported net revenues of $45.31 billion, an 8% increase year over year, surpassing the Zacks Consensus Estimate of $43.23 billion [6] - Non-interest income rose 17% to $22.04 billion, including a one-time gain of $588 million related to First Republic Bank [8] - Net interest income (NII) increased by 1% year over year to $23.27 billion, driven by higher revolving balances in Card Services and growth in wholesale deposit balances [7] Business Segment Performance - Markets revenues surged 21% to $9.7 billion, with fixed-income markets revenues growing 8% to $5.8 billion and equity trading revenues increasing 48% to $3.8 billion [3] - The Commercial & Investment Bank segment saw total IB fees rise 12% year over year to $2.25 billion, with advisory and debt underwriting fees each up 16%, while equity underwriting fees fell 9% [5][9] Credit Quality and Loss Provisions - Provision for credit losses soared 75% year over year to $3.31 billion, reflecting economic turbulence [10] - Net charge-offs increased by 19% to $2.33 billion, and non-performing assets rose 10% to $9.11 billion [10] Capital Position and Share Repurchases - The estimated Tier 1 capital ratio was 16.5%, up from 16.4% a year ago, with a book value per share of $119.24, compared to $106.81 a year ago [11] - During the quarter, JPMorgan repurchased 30 million shares for $7.6 billion [12] Future Outlook - The company is expected to benefit from new branch openings, strategic acquisitions, global expansion, high interest rates, and decent loan demand, although concerns remain regarding asset quality and rising expenses [13]

Core Viewpoint - JPMorgan Chase & Co. reported quarterly earnings of $5.07 per share, exceeding the Zacks Consensus Estimate of $4.62 per share, and showing an increase from $4.63 per share a year ago, indicating a strong performance in the financial sector [1][2] Financial Performance - The company achieved revenues of $45.31 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.82% and up from $41.93 billion year-over-year [2] - Over the last four quarters, JPMorgan has consistently exceeded consensus EPS estimates [2] Stock Performance - JPMorgan Chase & Co. shares have declined approximately 5.3% since the beginning of the year, while the S&P 500 has seen a decline of 10.4%, indicating relative outperformance [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $4.50 on revenues of $42.91 billion, and for the current fiscal year, it is $18 on revenues of $171.66 billion [7] - The trend of estimate revisions for JPMorgan is mixed, which may change following the recent earnings report [6] Industry Context - The Financial - Investment Bank industry is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

April 11, 2025 1Q25 Financial Results 1Q25 Financial highlights | | CET1 capital ratios2 | $1.8T Std. RWA3 | | --- | --- | --- | | ROTCE1 21% | 15.4% Adv. 15.5% Std. | $1.5T Cash and marketable securities4 | | | $558B Total Loss-Absorbing Capacity2 | $1.3T Average loans | | | ⚫ 1Q25 net income of $14.6B and EPS of $5.07 Managed revenue of $46.0B5 ⚫ | | | Income statement | | | | | ⚫ Expense of $23.6B and managed overhead ratio of 51%5 | | | Balance sheet | | | | | ⚫ Loans: average loans of $1.3T up 2% YoY a ...

JPMorgan Chase CEO Jamie Dimon has warned President Trump that the US economy is facing “considerable turbulence” from his threats to start a global trade war.“The economy is facing considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of tariffs and ‘trade wars’, ongoing sticky inflation, high fiscal deficits and still rather high asset prices and volatility,” Dimon said. “As always, we hope for the best but prepare the firm ...

Jamie Dimon reiterated his warning about a turbulent US economy in JPMorgan's first-quarter earnings report on Friday, as the banking giant reported earnings that beat Wall Street's expectations. JPMorgan's net revenue rose 8% year-on-year to $45.3 billion, driving net income up 9% to $14.6 billion.The bank bolstered its provision for credit losses — money set aside in anticipation of bad debts — by $973 million to $3.3 billion in the first three months of this year, citing a worse macroeconomic outlook. ...

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Financial Performance - Total net revenue for Q1 2025 was $45,310 million, representing a 6% increase from Q4 2024 and an 8% increase from Q1 2024[5]. - Net income for Q1 2025 was $14,643 million, up 5% from Q4 2024 and 9% from Q1 2024[5]. - Earnings per share (EPS) for Q1 2025 was $5.08 (basic), a 5% increase from $4.82 in Q4 2024 and a 14% increase from $4.45 in Q1 2024[5]. - Total net revenue for Q1 2025 was $46,014 million, an increase of 5% from Q4 2024 and 8% from Q1 2024[26]. - Net income for Q1 2025 reached $14.64 billion, reflecting a 5% increase from Q4 2024 and a 9% increase from Q1 2024[14]. - Total net revenue for Q1 2025 was $19,666 million, representing a 12% increase from Q4 2024 and Q1 2024[51]. - Net income for Q1 2025 was $4,425 million, a decrease of 2% from Q4 2024 and 8% from Q1 2024[38]. - Total net revenue for Q1 2025 was $2,304 million, a 15% increase from $2,000 million in Q4 2024 and a 5% increase from $2,202 million in Q1 2024[75]. Revenue Breakdown - Consumer & Community Banking revenue was $18,313 million, showing a slight decrease from $18,362 million in the previous quarter[10]. - Commercial & Investment Bank revenue increased by 12% to $19,666 million compared to $17,598 million in the previous quarter[10]. - Asset & Wealth Management revenue decreased by 1% to $5,731 million from $5,778 million in the previous quarter[10]. - Noninterest revenue rose to $22.04 billion, a 13% increase from Q4 2024 and a 17% increase from Q1 2024[14]. - Net interest income reported for Q1 2025 was $23,273 million, remaining stable compared to Q4 2024, with a slight increase of 1% from Q1 2024[26]. - Noninterest revenue reported at $22.037 billion, representing a 13% increase from $19.418 billion in the previous quarter[93]. Expenses and Provisions - Total noninterest expense for Q1 2025 was $23,597 million, a 4% increase from both Q4 2024 and Q1 2024[5]. - The provision for credit losses increased to $3,305 million in Q1 2025, a 26% increase from Q4 2024 and a 75% increase from Q1 2024[5]. - Provision for credit losses increased by 26% from Q4 2024 to $3.31 billion, and was up 75% compared to Q1 2024[14]. - The allowance for loan losses increased by 4% to $25,208 million in Q1 2025 from $24,345 million in Q4 2024, representing a 13% increase year-over-year[89]. Assets and Liabilities - Total assets increased by 9% year-over-year to $4,357,856 million from $4,090,727 million[10]. - Total assets as of March 31, 2025, were $4.36 trillion, a 9% increase from December 31, 2024[18]. - Total liabilities increased by 10% from December 31, 2024, to $4.01 trillion[18]. - Total assets reached $2,174,123 million, a 23% increase from Q4 2024 and a 15% increase from Q1 2024[56]. Capital and Equity - The market capitalization as of Q1 2025 was $681,712 million, reflecting a 2% increase from Q4 2024 and a 19% increase from Q1 2024[5]. - Common equity Tier 1 (CET1) capital ratio was 15.4% in Q1 2025, slightly down from 15.7% in Q4 2024[5]. - Total capital increased to $330,546 million as of March 31, 2025, a 2% increase from December 31, 2024[30]. - Common stockholders' equity grew by 2% to $324,345 million from $318,376 million in the prior quarter[20]. Shareholder Returns - Cash dividends declared per share increased to $1.40 in Q1 2025, a 12% increase from $1.25 in Q4 2024 and a 22% increase from $1.15 in Q1 2024[5]. - The dividend payout ratio for Q1 2025 was 27%, consistent with the previous quarter's ratio of 26%[35]. - The company repurchased 30 million shares of common stock at an average price of $252.50 per share, totaling $7,563 million in aggregate repurchases[35]. Risk and Credit Quality - The average Value at Risk (VaR) increased to $50 million from $40 million in the previous quarter, indicating higher risk exposure[10]. - The net charge-off rate for total loans was 1.54%, an increase from 1.44% in Q4 2024[44]. - Total nonperforming assets decreased to $5,048 million in Q1 2025, down 1% from $5,118 million in Q4 2024, and up 37% from $3,691 million in Q1 2024[59]. - The total allowance for credit losses increased by 4% to $27,552 million in Q1 2025 from $26,598 million in Q4 2024, a 13% increase year-over-year[89]. Customer Metrics - The number of active digital customers reached 72,480 thousand, an increase of 2% from the previous quarter and 6% year-over-year[47]. - The number of client advisors rose to 5,860, reflecting a 2% increase from 5,755 in the previous quarter and a 5% increase year-over-year[47]. - The number of Global Private Bank client advisors increased to 3,781 in Q1 2025, up from 3,775 in Q4 2024[67].

JPMorgan Chase & Co. JPM will release its first-quarter financial results before the opening bell on Friday, April 11.Analysts expect the bank to report quarterly earnings at $4.64 per share, up from $4.44 per share in the year-ago period. JPMorgan projects quarterly revenue of $44.14 billion, compared to $41.93 billion a year earlier, according to data from Benzinga Pro.JPMorgan Chase CEO Jamie Dimon warned on Wednesday that escalating U.S.-China trade tensions have significantly increased the risk of a re ...