Core Insights - JPMorgan's third-quarter 2025 earnings reached $5.07 per share, exceeding the Zacks Consensus Estimate of $4.83, driven by strong trading and investment banking performance [1][10] Revenue Performance - Markets revenues increased by 25% to $8.9 billion, surpassing management's expectations of high-teens growth [2] - Fixed-income markets revenues rose 21% to $5.6 billion, while equity markets revenues surged 33% to $3.3 billion [2] - Total net revenues were reported at $46.43 billion, a 9% year-over-year increase, exceeding the Zacks Consensus Estimate of $44.86 billion [6] Investment Banking (IB) Performance - IB fees increased by 16% year-over-year to $2.63 billion, with advisory fees up 9% and debt underwriting fees growing 53% [3] - Equity underwriting fees also saw a 9% increase, outperforming management's low double-digit growth projection [3] Net Interest Income (NII) and Loan Growth - NII rose 2% year-over-year to $23.97 billion, with management raising the 2025 NII guidance to $95.8 billion from $95.5 billion [4][6][10] - Total loans increased by 7% year-over-year, contributing to the rise in NII [4] Consumer & Community Banking (CCB) Metrics - CCB average loan balances grew by 1% year-over-year, while debit and credit card sales volume increased by 9% [5] - Mortgage fees and related income fell by 5% to $383 million, below the projected $313.2 million [5] Expense Management - Non-interest expenses rose 8% year-over-year to $24.28 billion, primarily due to higher compensation and marketing costs [7] - Adjusted non-interest expense guidance for the year was raised to $95.9 billion from $95.5 billion [5] Credit Quality and Provisions - Provision for credit losses increased by 9% year-over-year to $3.4 billion, exceeding the estimate of $2.64 billion [9] - Net charge-offs jumped 24% to $2.59 billion, and non-performing assets surged 23% to $10.64 billion [11] Capital Position - Tier 1 capital ratio was estimated at 15.8%, down from 16.4% year-over-year, while the total capital ratio was 17.7% compared to 18.2% a year ago [12] - Book value per share increased to $124.96 from $115.15 year-over-year [12] Share Repurchase Activity - During the quarter, JPMorgan repurchased 28 million shares for $8.32 billion [13]

Market Overview - Wall Street stocks experienced a decline due to resurfacing trade tensions with China, with the S&P 500 falling by 1%, the Dow Jones Industrial Average dropping 383 points (0.8%), and the Nasdaq composite decreasing by 1.5% [4][6] - The recent volatility in the market follows Wall Street's worst day since April and a rebound that was the best day since May, indicating shifting investor sentiment regarding US-China trade relations [4][6] Trade Relations Impact - The downturn was influenced by China's Commerce Ministry barring Chinese companies from dealing with five subsidiaries of South Korean shipbuilder Hanwha Ocean, which is perceived as a counteraction to US efforts to bolster its shipbuilding industry [4][6] - Both the US and China have imposed new port fees on each other's vessels, effective Tuesday, which adds to the ongoing trade conflict between the two largest economies in the world [4][6] Economic Indicators - The US economy has so far avoided significant negative impacts from changing tariff policies, but analysts caution that a cycle of retaliatory tariffs could result in companies passing increased costs onto consumers [4][6] - The ongoing US government shutdown has halted regular economic updates on inflation, spending, and employment, leading investors to focus on corporate earnings for insights [6] Company Performance - JPMorgan Chase's stock fell by 3.8% despite surpassing profit forecasts for its latest quarter, while Wells Fargo's stock rose by 3.5% after exceeding analysts' expectations [5][6] - Johnson & Johnson's stock decreased by 1.8% following the announcement of plans to spin off its orthopedics business into a standalone company [5][6] Treasury Yields - Treasury yields remained stable, with the 10-year yield slightly easing to 4.04% from 4.05% on the previous Friday [5][6]

Core Insights - JPMorgan Chase & Co. reported $46.43 billion in revenue for Q3 2025, an 8.9% year-over-year increase, with an EPS of $5.07 compared to $4.37 a year ago, exceeding both revenue and EPS consensus estimates [1] Financial Performance - The reported revenue of $46.43 billion surpassed the Zacks Consensus Estimate of $44.86 billion by 3.51% [1] - EPS of $5.07 exceeded the consensus estimate of $4.83 by 4.97% [1] Key Metrics - Net loan charged-off on average loans was 0.8%, slightly above the estimated 0.7% [4] - Book value per share was reported at $124.96, lower than the estimated $125.54 [4] - Total interest-earning assets averaged $3,895.76 billion, below the estimate of $3,913.34 billion [4] - Total non-performing assets were $10.64 billion, slightly better than the estimated $10.75 billion [4] Revenue Breakdown by Business - Consumer & Community Banking - Card Services & Auto revenue was $7.17 billion, exceeding the estimate of $6.87 billion, reflecting a 12% year-over-year increase [4] - Commercial & Investment Bank total net revenue was $19.88 billion, surpassing the estimate of $18.81 billion, with a year-over-year change of 16.8% [4] - Payments revenue within the Commercial & Investment Bank was $4.92 billion, exceeding the estimate of $4.54 billion, with a year-over-year increase of 12.5% [4] - Total Banking & Payments revenue was $9.48 billion, above the estimate of $9.28 billion, representing a 9.7% year-over-year change [4] - Fixed Income Markets revenue was $5.61 billion, exceeding the estimate of $5.34 billion, with a year-over-year increase of 23.9% [4] - Equity Markets revenue was $3.33 billion, surpassing the estimate of $2.94 billion, reflecting a 27% year-over-year increase [4] - Consumer & Community Banking - Home Lending revenue was $1.26 billion, slightly above the estimate of $1.24 billion, but a decrease of 2.7% year-over-year [4] - Total Markets & Securities Services revenue was $10.4 billion, exceeding the estimate of $9.53 billion, with a year-over-year change of 24.2% [4]

Group 1: Earnings Reports - J.P. Morgan Chase raised its full-year net interest income guidance and introduced guidance for 2026, with strong Q3 earnings across all business lines, particularly in Markets and Asset & Wealth Management [4][5] - Goldman Sachs exceeded Q3 forecasts due to strong investment banking and wealth management performance, although its stock faced pressure from higher-than-expected quarterly expenses [5] - Wells Fargo reported strong results as the first earnings since the Fed lifted its asset cap, and named CEO Charlie Scharf as chairman [6] Group 2: Corporate Developments - Johnson & Johnson surpassed Q3 forecasts and raised its full-year sales outlook, planning to separate its orthopedics division to become a more agile pharma-focused investment [6] - Domino's Pizza exceeded Q3 estimates, driven by strong supply chain revenues and increased U.S. franchise royalties and fees [6] - Albertsons' investments in digital business, pharmacy, and membership programs paid off, with an updated profit forecast of $2.06 to $2.19 per share [7] Group 3: Technology and Market Trends - Oracle plans to deploy 50,000 AMD graphics processors starting in the second half of 2026, reflecting a trend of cloud providers adopting AMD GPUs for AI workloads [8] - U.S. citizens are increasingly applying for golden visas, with applications from U.S. nationals up 67% compared to the total for 2024, indicating a strategy of geopolitical arbitrage [9] Group 4: Market Insights - The U.S. passport has dropped out of the top 20 of the Henley Passport Index for the first time in 20 years, highlighting a shift in global mobility perceptions [10] - HSBC's equity team has identified 10 stock ideas with resilient fundamentals and favorable market trends, including targets for 3M at $175, Meta at $905, Oracle at $371, and United Airlines at $116 [10]

Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures falling as tensions escalate between the US and China. China retaliating against President Trump's threats by sanctioning the US units of a South Korean shipping giant that has spurred risk off sentiment across financial markets. Investors flocking to bonds while crypto assets are plunging.Plus, investors are also watching big bank earnings results fro ...

LIVE Bank of America Profit Soars 23%, Continuing Sector's Strong Start to Earnings Season Last Updated: 1 day ago Results Were Strong. Bank Stocks Are Still Getting Hit Hard. By Andrew Welsch Bank stocks fell Tuesday morning even as some of the nation's largest banks reported strong third-quarter earnings. The KBW Bank Index was down 0.7% compared with a 1.1% decline for the S&P 500. JPMorgan Chase and Goldman Sachs were among those hardest hit, with shares down 3.8% and 5.3%, respectively. Both companies ...

Core Insights - JPMorgan Chase raised its full-year forecast for net interest income (NII) following strong performance in trading and investment banking, leading to a third-quarter profit that exceeded expectations [1][10] - The U.S. economy remains resilient despite challenges such as tariff wars and geopolitical uncertainties, encouraging companies to pursue significant deals and stock offerings, which has positively impacted investment banking across Wall Street [1][2] Financial Performance - The bank's revenue from the markets division reached a record $8.9 billion in the third quarter, a 25% increase compared to previous estimates [5] - NII for JPMorgan rose 2% in the third quarter to $24.1 billion, with expectations of $23.5 billion for the fourth quarter, excluding markets [10] - Overall revenue for JPMorgan increased by 9% to $47.1 billion in the quarter [18] Investment Banking and Trading - Investment banking fees at JPMorgan rose 16% in the third quarter, with the bank leading in investment banking fees among its competitors [13] - Trading revenue surged, with equities revenue increasing by 33% to $3.3 billion and fixed income revenue rising by 21% to $5.6 billion [15] Economic Outlook - Analysts project JPMorgan's NII to be approximately $95.8 billion for 2025, slightly up from earlier estimates [8][9] - The bank's CEO highlighted the importance of a strong U.S. economy for global stability, while acknowledging ongoing uncertainties related to inflation and asset prices [4][9] Strategic Initiatives - JPMorgan announced a $1.5 trillion plan aimed at enhancing U.S. economic and national security, which includes a commitment to invest up to $10 billion in critical U.S. companies [17]

JPMorgan Chase reported a 12% jump in profits Tuesday as the Wall Street giant raked in billions from a wave of deals and trades driven by Donald Trump’s tariffs and loosened regulations.The US’s biggest bank’s third-quarter revenue rose 9% to $47.12 billion, fueling earnings per share of $5.07 — blowing past analysts forecasts tallied by the London Stock Exchange Group, which predicted revenues of $45.4 billion and earnings per share of $4.48.The bank’s 69-year-old CEO Jamie Dimon pointed to the firm’s inv ...

JPMorgan Chase (JPM) CEO Jamie Dimon offered a mea culpa and a warning Tuesday when discussing the losses his bank experienced from the downfall of subprime auto lender Tricolor Holdings, saying, "It is not our finest moment" and "when you see one cockroach, there's probably more." Dimon and his CFO discussed the Tricolor impact on calls with reporters and analysts while disclosing a $170 million charge-off — a measure of unpaid debt written off as a loss — related to its wholesale lending to the subprime ...

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 500 points on Tuesday.Following the market opening Tuesday, the Dow traded down 1.13% to 45,548.92 while the NASDAQ fell 1.95% to 22,252.07. The S&P 500 also fell, dropping, 1.33% to 6,566.51.Check This Out: Synchrony Financial Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings CallLeading and Lagging SectorsConsumer staples shares jumped by 0.4% on Tuesday.In trading on Tuesday, information ...