The dramatic collapse of subprime auto lender Tricolor Holdings hit JPMorgan Chase’s earnings in the third quarter, contributing a $170 million charge-off that led to the bank’s elevated credit-cost figure, Chief Financial Officer Jeremy Barnum said https://t.co/97QNCRz5qS ...

Financial Performance - The company reported a net income of $14.4 billion, a 12% increase year-over-year (YoY)[2,6] - Managed revenue reached $47.1 billion, up 9% YoY[2,6] - Net interest income (NII) was $24.1 billion, a 2% increase YoY, while noninterest revenue (NIR) was $23.0 billion, up 16% YoY[3,6] - Earnings per share (EPS) diluted reached $5.07[3] - Return on tangible common equity (ROTCE) was 20%[2,3] Balance Sheet Strength - The firm's standardized Common Equity Tier 1 (CET1) capital ratio was 14.8%, and the advanced CET1 capital ratio was 14.9%[2,7] - CET1 capital totaled $287 billion[2,7] - Standardized risk-weighted assets (RWA) were $1.9 trillion[2] - Average loans amounted to $1.4 trillion, up 7% YoY and 3% quarter-over-quarter (QoQ)[2] - Average deposits reached $2.5 trillion, up 6% YoY and 1% QoQ[2] - Cash and marketable securities totaled $1.5 trillion[2] Business Segment Highlights - Consumer & Community Banking (CCB) reported net income of $5.0 billion, with a return on equity (ROE) of 35%[5] - Commercial & Investment Bank (CIB) reported net income of $6.9 billion, with an ROE of 18%[5,20] - Asset & Wealth Management (AWM) reported net income of $1.7 billion, with an ROE of 40%[5] Capital Distribution - The company distributed a common dividend of $4.1 billion, or $1.50 per share[2] - The company executed $8.0 billion of common stock net repurchases[2]

America’s biggest banks are off to a steady but unspectacular start to earnings season. Results on Tuesday from JPMorgan Chase, Wells Fargo, and BlackRock show, as expected, gains coming from trading activity and deal-making. At the same time, blowout numbers mostly failed to materialize. Consumers showed up in somewhat weaker lending margins, as spending stayed solid while showing some signs of deceleration. All in all, it was a good quarter for the big banks by any normal measure — just not a spectacul ...

Market Overview - US stock index futures are all down, with Dow futures down 0.54%, S&P 500 futures down 0.85%, and Nasdaq futures down 1.11% [1] - European indices also show declines, with Germany's DAX down 1.07%, UK's FTSE 100 down 0.31%, France's CAC40 down 0.89%, and the Euro Stoxx 50 down 0.94% [2][3] - WTI crude oil prices fell by 1.98% to $58.31 per barrel, while Brent crude oil dropped by 1.86% to $62.14 per barrel [4] Economic Events - Federal Reserve Chairman Jerome Powell is scheduled to speak on "Economic Outlook and Monetary Policy," which may influence market expectations regarding interest rate cuts and overall monetary policy [5] Company Earnings and Performance - Morgan Stanley reported Q3 trading and investment banking performance exceeding expectations, with GAAP EPS of $5.07 and revenue of $47.1 billion, up $1.53 billion year-over-year [7] - Ericsson's Q3 profit doubled despite a 9% decline in sales, with adjusted EBIT reaching 15.5 billion SEK (approximately $1.62 billion), exceeding analyst expectations [8] - BlackRock attracted $205 billion in Q3, reaching a record asset management size of $13.46 trillion, driven by strong inflows into ETFs [9] - Johnson & Johnson raised its full-year sales forecast, reporting Q3 revenue of $24 billion, a 6.7% increase year-over-year, and plans to spin off its orthopedic business [10] - Goldman Sachs achieved record Q3 revenue of $15.18 billion, a 20% year-over-year increase, with investment banking fees significantly surpassing expectations [11] - Wells Fargo reported Q3 net interest income of $11.95 billion, slightly below expectations, but investment banking fees rose 25% year-over-year [12] Legal and Regulatory Issues - Microsoft faces a consumer class-action lawsuit alleging it engaged in a secret agreement with OpenAI to monopolize computing power, resulting in inflated prices for ChatGPT [13] Technological Developments - Nvidia launched a compact AI supercomputer, potentially creating a new growth point for its performance and impacting the AI computing industry positively [14]

Core Viewpoint - Despite ongoing market volatility due to U.S. President Trump's tariff policies, corporate mergers and underwriting activities are rebounding, leading to significant revenue growth for JPMorgan Chase in Q3 [1] Group 1: Financial Performance - JPMorgan Chase's investment banking fee revenue surged by 16% and market revenue increased by 25%, surpassing analyst expectations of 11% and 17% respectively [1] - The bank's profit rose to $14.39 billion (earnings per share of $5.07), compared to $12.9 billion (earnings per share of $4.37) in the same period last year [1] - Market business revenue reached $8.94 billion, driven by a 53% increase in equity underwriting [3] Group 2: Economic Outlook - CEO Jamie Dimon noted that while there are signs of economic weakness, particularly in job growth, the overall U.S. economy remains resilient [2] - The bank's credit provisions increased by $810 million, exceeding analyst expectations, primarily related to credit card business [2] Group 3: Strategic Initiatives - JPMorgan Chase plans to hire more bankers and allocate $10 billion from a $150 billion investment fund to U.S. companies critical to national security and economic resilience [1] - The bank's net interest income is projected to rise from approximately $95.5 billion to about $95.8 billion for the year [3][4] Group 4: Market Position - JPMorgan Chase leads its peers in investment banking revenue this year, as reported by Dealogic [1] - The bank's stock has seen a cumulative increase of 28% year-to-date, maintaining stability post-earnings report [4]

JPMorgan Chase & Co. significantly outperformed Wall Street predictions for its third quarter, ending 30th September 2025, driven by a notable pickup in dealmaking and underwriting activity.“While there have been some signs of a softening, particularly in job growth, the U.S. economy generally remained resilient,” JPMorgan Chase Chief Executive Officer Jamie Dimon said in a statement.“However, there continues to be a heightened degree of uncertainty stemming from complex geopolitical conditions, tariffs and ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. JPMorgan Chase recorded a $170 million charge-off in the third quarter connected to bankrupt subprime auto lender Tricolor, executives said Tuesday. “It is not our finest moment,” CEO Jamie Dimon said during a media call Tuesday.  Dallas-based Tricolor, which also sold used cars, filed to liquidate in bankruptcy court Sept. 10. Federal prosecutors are investigating t ...

Core Viewpoint - JPMorgan Chase is launching a $1.5 trillion initiative aimed at enhancing U.S. economic and national security over the next decade, focusing on strategic industries critical for global security [1][2]. Investment Strategy - The initiative will involve direct equity and venture capital investments of up to $10 billion, primarily targeting smaller and middle-market companies in the U.S. to accelerate growth and build new facilities [5][9]. - The investment is described as a commercial endeavor rather than philanthropic, with expectations of returns driven by increased government and investor focus on security and resiliency [9][10]. Global Security Context - The initiative is positioned as essential for improving global security, with the assertion that a strong U.S. is vital for overall global stability [2][4]. - JPMorgan has already been involved in enhancing Europe's liquefied natural gas supply chain, reflecting its commitment to bolstering critical energy sources [4]. Implementation and Oversight - The initiative will be overseen by JPMorgan executives, including the CEO of asset and wealth management and the co-CEOs of commercial and investment banking, with plans to hire a dedicated investment team [15].

Joining us now, uh, Stephanie Link, High Tower Chief Investment Officer and a CNBC contributor. And anything you you tell us today, Steph, we'll just point out, you know, the Dow's down, actually, it's improved a little, was down almost 400, down almost 300 now. So, any of the moves in the banks may or may not reflect uh the company specifics with with earnings.So, just tell us what you thought of of JP Morgan and Wells at this point. Yeah, and Leslie did a great job in terms of summarizing. Um I think that ...

Company Performance - Wells Fargo's stock initially fell due to disappointing net interest income, but they raised their fourth quarter net interest income guidance, maintaining full-year guidance at $47.7 billion despite higher expenses [2][3] - JP Morgan reported a strong quarter with investment banking fees up 17%, trading up 24%, equities up 33%, and deal-making fees up 16%, although the stock is considered expensive at 2.5 times book value [4][6] Market Trends - The asset cap lift for Wells Fargo is crucial for regaining lost market share, which was down 20% since 2017, and is expected to enhance profitability and market share as they invest in their business [3][6] - The current market environment is compared to 1999 rather than 1929, indicating a different economic landscape and potential for growth [8][10] Regulatory Environment - Deregulation is anticipated to create new growth opportunities for banks, with expectations that Basel 3 capital requirements will be adjusted, allowing banks to utilize excess capital for stock buybacks, dividends, and lending [11][12] - The capital requirements for banks are viewed as stronger now, with lessons learned from past financial crises influencing current regulations [13][15]