智通财经7月15日电，摩根大通首席执行官表示，我们可能会进行更多的股票回购。 ...

Financial Data and Key Metrics Changes - The firm reported net income of $15 billion, EPS of $5.24, and revenue of $45.7 billion, reflecting a year-on-year revenue decline of 10% or $5.3 billion [3][4] - The CET1 ratio decreased by 40 basis points to 15%, primarily due to capital distributions and higher risk-weighted assets (RWA) [5] Business Line Data and Key Metrics Changes - Consumer and Community Banking (CCB) reported net income of $5.2 billion on revenue of $18.8 billion, up 6% year-on-year, with wealth management revenue driving growth [6] - Commercial and Investment Bank (CIB) net income was $6.7 billion on revenue of $19.5 billion, up 9% year-on-year, with advisory fees increasing by 8% and debt underwriting fees up 12% [8][10] - Asset and Wealth Management (AWM) reported net income of $1.5 billion with revenue of $5.8 billion, up 10% year-on-year, driven by management fees and strong net inflows [13] Market Data and Key Metrics Changes - Average client deposits increased by 16% year-on-year and 5% sequentially, reflecting increased activity across payments and securities services [12] - Credit costs were $696 million, driven by builds in the commercial and industrial portfolio, including new lending activity [12] Company Strategy and Development Direction - The company is focused on organic and inorganic growth, with a sustainable dividend policy and potential for buybacks, while also considering acquisitions carefully [22][23] - Management emphasized the importance of simplifying the regulatory environment to enhance lending and market competitiveness [25][26] Management's Comments on Operating Environment and Future Outlook - Management noted that while the environment remains dynamic, there is optimism regarding financial deregulation and its potential benefits for the bank [21][24] - The outlook for net interest income (NII) is approximately $92 billion, driven by strong deposit growth and changes in the forward curve [15][16] Other Important Information - The firm completed the Comprehensive Capital Analysis and Review (CCAR), with an indicative stress capital buffer (SCB) lowered to 2.5% effective in Q4 2025 [5] - Long-term net inflows for AWM were $31 billion for the quarter, led by fixed income and equities [13] Q&A Session Summary Question: Optimism on financial deregulation - Management acknowledged the optimism regarding financial deregulation and discussed the potential uses of excess capital, including organic and inorganic growth opportunities [21][22] Question: Regulatory simplification - Management emphasized the need for regulators to simplify the system to enhance liquidity and lending capabilities, highlighting the complexities of existing regulations [25][26] Question: Drivers of wholesale lending - Management indicated that wholesale lending activity was driven by various factors, including private credit and M&A financing [37] Question: Impact of stablecoins - Management discussed their involvement in stablecoins and deposit tokens, emphasizing the need to understand and leverage these technologies [39][40] Question: Credit quality outlook - Management expressed confidence in the health of consumer credit quality, noting that while there are some signs of stress in lower income bands, overall delinquency rates remain in line with expectations [63][64] Question: Commercial loan growth - Management noted stronger commercial loan growth driven by relationship lending and increased deal activity in the second half of the quarter [80] Question: Regulatory impact on lending - Management discussed how regulatory changes could facilitate more lending and liquidity in the banking system, while also addressing the costs associated with making loans [82][85]

Group 1 - The core viewpoint is that trade agreements are reducing uncertainty related to tariffs [1] Group 2 - JPMorgan Chase's CEO Jamie Dimon emphasizes the positive impact of trade agreements on the business environment [1]

摩根大通(JPM.N)首席财务官：市场情绪有所改善，但可能一夜之间发生变化。 ...

Group 1 - OPEC has refuted market rumors regarding a significant increase in Saudi Arabia's oil production, indicating only a slight increase in output [1] - Saudi Arabia's average daily oil production rose by 173,000 barrels to 9.356 million barrels per day, adhering to its production quota [1] - Following OPEC's clarification, Brent crude oil futures saw a minor increase of 0.07%, reaching around $69 [1] Group 2 - Major Wall Street investment firms, including Morgan Stanley and JPMorgan, predict that international oil prices will drop to $60 per barrel or lower in Q4 [2] - These institutions foresee a significant "supply surplus" in the oil market through 2026, leading to a continued decline in oil prices [2] - The International Energy Agency (IEA) reported that Saudi Arabia's actual production increase last month was about four times its OPEC quota level due to geopolitical tensions [2] Group 3 - Two statistical companies, S&P Global Commodity Insights and Argus Media, reported production numbers significantly higher than OPEC's reported figure of approximately 9.356 million barrels [3] - OPEC's monthly report includes production data directly provided by member countries, with Saudi Arabia's submitted figure aligning with its OPEC quota [3] - OPEC maintains its forecast for global oil demand growth at 1.3 million barrels per day, which is notably higher than predictions from other industry data agencies [3]

Group 1 - The article highlights JPMorgan Chase & Co.'s strong performance in a challenging quarter, marked by macroeconomic uncertainties and geopolitical volatility, resulting in record profits [1] - The bank's confidence and execution are emphasized as key factors contributing to its success during this period [1] Group 2 - The article does not provide additional relevant content regarding the industry or company beyond the performance of JPMorgan Chase & Co. in the specified quarter [1]

摩根大通(JPM.N)CEO戴蒙：我们将参与稳定币和摩根大通存款币的相关业务。 ...

JPMorgan Chase & Co. (JPM) came out with quarterly earnings of $4.96 per share, beating the Zacks Consensus Estimate of $4.51 per share. This compares to earnings of $4.4 per share a year ago. These figures are adjusted for non-recurring items. What's Next for JPMorgan Chase & Co.? While JPMorgan Chase & Co. has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can ...

Group 1 - Morgan Stanley's investment banking business unexpectedly grew by 7% in Q2, surpassing analysts' expectations of a 14% decline, indicating a potential recovery in the M&A market after a period of caution due to U.S. tariff policies [1] - The bank's adjusted earnings per share reached $4.96, exceeding the analyst forecast of $4.48, driven by strong performance in investment banking and trading [1] - CEO Jamie Dimon noted that market activity, which started slowly at the beginning of the year, has accelerated as market sentiment improves [2] Group 2 - The bank's debt underwriting revenue increased by 12% year-over-year, and M&A advisory fees rose by 8%, while stock underwriting revenue fell by 6%, which was better than the expected 29% decline [5] - Fixed income business revenue reached $5.69 billion, significantly exceeding the market expectation of $5.22 billion, and equity trading revenue hit a record $3.25 billion for two consecutive quarters [5] - The bank raised its full-year net interest income forecast from $94.5 billion to $95.5 billion, despite slightly missing expectations for the quarterly net interest income [6]

Financial Performance Highlights - Net income for 2Q25 reached $15 billion, resulting in an EPS of $5.24[2,4] - Excluding a significant item, net income was $14.2 billion, EPS was $4.96, and ROTCE was 20%[2,3,5] - Managed revenue totaled $45.7 billion[2,4] - Expenses amounted to $23.8 billion, with a managed overhead ratio of 52%[2,4] Balance Sheet Strength - CET1 capital stood at $284 billion[2,5] - Standardized CET1 capital ratio was 15.0%, while the Advanced CET1 capital ratio was 15.1%[2,5] - Average loans reached $1.4 trillion, up 5% year-over-year and 3% quarter-over-quarter[2] - Average deposits were $2.5 trillion, up 6% year-over-year and 3% quarter-over-quarter[2] - Cash and marketable securities totaled $1.5 trillion[2] Capital Distribution - Common dividend was $3.9 billion, or $1.40 per share[2] - Net common stock repurchases amounted to $7.1 billion[2] - Net payout LTM (Last Twelve Months) was 71%[2] Business Segment Performance - Consumer & Community Banking (CCB) reported net income of $5.2 billion, up 23% year-over-year, with revenue of $18.8 billion, up 6% year-over-year[10,16] - Commercial & Investment Bank (CIB) reported net income of $6.7 billion, up 13% year-over-year, with revenue of $19.5 billion, up 9% year-over-year[17,22] - Asset & Wealth Management (AWM) reported net income of $1.5 billion, up 17% year-over-year, with revenue of $5.8 billion, up 10% year-over-year[23,25] Outlook - The company expects FY2025 net interest income of approximately $95.5 billion, market dependent[30] - The company expects FY2025 net interest income excluding Markets of approximately $92 billion, market dependent[30] - The company expects FY2025 Card Services NCO rate of approximately 3.6%[30] - The company expects FY2025 adjusted expense of approximately $95.5 billion, market dependent[30]