Core Insights - JPMorgan Chase & Co. has released its fourth-quarter and full-year 2025 financial results [1] - The firm reported total assets of $4.4 trillion and stockholders' equity of $362 billion as of December 31, 2025 [2] Company Overview - JPMorgan Chase & Co. is a leading financial services firm based in the United States with global operations [2] - The firm is a leader in various sectors including investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management [2] - Under the J.P. Morgan and Chase brands, the firm serves millions of customers in the U.S. and many prominent corporate, institutional, and government clients worldwide [2]

JPMorgan Chase's profit fell in the fourth quarter as it took a one-time charge tied to its agreement with Goldman Sachs to take over a credit card partnership with Apple. ...

Financial Performance - Total net revenue for Q4 2025 was $45,798 million, a decrease of 1% from Q3 2025 and an increase of 7% year-over-year[4]. - Net income for Q4 2025 was $13,025 million, down 10% from Q3 2025 and down 7% from Q4 2024[4]. - Earnings per share (EPS) for Q4 2025 was $4.64, a decrease of 9% from Q3 2025 and a decrease of 4% from Q4 2024[4]. - Total net revenue for Q4 2025 was $46,767 million, down 1% from Q3 2025, but up 7% year-over-year[9]. - Net income for Q4 2025 was $13,025 million, a decrease of 10% from Q3 2025, but a slight decrease of 2% year-over-year[9]. - Total net revenue for Q4 2025 was $19,396 million, a 6% increase from Q4 2024, with full-year revenue reaching $76,029 million, up 6% from 2024[41]. - Net income for Q4 2025 was $3,642 million, a 27% decrease from Q3 2025, with full-year net income at $18,245 million, a 4% increase from 2024[41]. Expenses and Provisions - Provision for credit losses increased to $4,655 million in Q4 2025, a 37% increase from Q3 2025 and a 77% increase year-over-year[4]. - Total noninterest expense for Q4 2025 was $23,983 million, a decrease of 1% from Q3 2025 and an increase of 5% year-over-year[4]. - Noninterest expense for Q4 2025 was $23,983 million, down 1% from Q3 2025, but up 5% compared to Q4 2024[13]. - Provision for credit losses for Q4 2025 was $4,655 million, a 37% increase from Q3 2025 and a 77% increase from Q4 2024[28]. - Noninterest revenue reported for Q4 2025 was $20,803 million, a decrease of 7% compared to $22,461 million in Q3 2025[99]. Assets and Liabilities - Total assets decreased by 3% quarter-over-quarter to $4,424,900 million, but increased by 11% year-over-year[9]. - Total liabilities decreased by 3% from $4,199,993 million in September 2025 to $4,062,462 million in December 2025, with an 11% increase year-over-year from $3,658,056 million[17]. - Total assets as of December 31, 2025, were $1,329,632 million, a 2% increase from September 30, 2025[75]. - Total deposits increased by 3% quarter-over-quarter to $1,226,155 million, and by 13% year-over-year[55]. Capital and Equity - Market capitalization at the end of Q4 2025 was $868,793 million, reflecting a 30% increase from the previous year[4]. - Common equity Tier 1 (CET1) capital ratio was 14.5% in Q4 2025, down from 14.8% in Q3 2025[4]. - Total stockholders' equity increased by 1% from $360,212 million in September 2025 to $362,438 million in December 2025, reflecting a 5% increase from $344,758 million in December 2024[17]. - Standardized CET1 capital increased to $288,483 million, reflecting a 5% year-over-year growth[34]. - Common stockholders' equity increased to $342,393 million, a 5% rise from $324,708 million in the previous year[35]. Loans and Deposits - Total loans increased by 4% quarter-over-quarter to $1,493,429 million, and by 11% year-over-year[9]. - Total deposits rose by 6% year-over-year to $2,559,320 million, with interest-bearing deposits increasing by 8%[9]. - Total consumer loans increased to $650,055 million, a 3% increase from the previous quarter and a 4% increase year-over-year[83]. - Total wholesale loans rose to $843,374 million, reflecting a 5% increase from the previous quarter and a 17% increase year-over-year[83]. Shareholder Returns - Cash dividends declared per share increased to $1.50, a 20% increase from the previous quarter[4]. - Dividends declared on common stock increased by 16% year-over-year, totaling $16,060 million[34]. - The firm repurchased 26.7 million shares of common stock in Q4 2025, with an average price of $309.81 per share, reflecting a 4% increase in average price compared to Q3 2025[39]. - The total aggregate repurchases of common stock for the full year reached $31,640 million, a significant increase of 68% from the previous year[39]. Employee Metrics - The firm employed 318,512 employees, a slight increase from 318,153 in the previous quarter[9]. - The company had 50,031 employees at the end of Q4 2025, a slight increase from 50,013 in Q3 2025[75]. Risk and Credit Quality - The allowance for loan losses increased to $25,765 million in Q4 2025, up 6% from $24,345 million in Q4 2024[91]. - Nonaccrual loans decreased by 3% from $3,596 million in Q3 2025 to $3,484 million in Q4 2025, and increased by 4% year-over-year from $3,366 million in Q4 2024[48]. - Total net charge-offs increased by 4% from $1,963 million in Q3 2025 to $2,044 million in Q4 2025, and increased by 4% year-over-year from $1,966 million in Q4 2024[48].

Central Banks and Federal Reserve - A group of central banks expressed support for Fed Chair Jerome Powell, emphasizing the importance of central bank independence for economic stability [1] Trade and Tariffs - President Trump announced a 25% tariff on trade with any country doing business with Iran, impacting U.S. trade relations [2] Interest Rates and Economic Outlook - New York Fed President John Williams stated that interest rates are well-positioned to stabilize the labor market and achieve the Fed's 2% inflation target, highlighting the benefits of the Fed's independence [3] - Market expectations indicate a 95% chance of no rate change and a 5% chance of a 25 basis point rate cut at the January FOMC meeting [2] Stock Market Performance - Wall Street's main stock indexes closed higher, with the S&P 500 reaching a new record high, driven by gains in data storage companies like Western Digital and Seagate Technology [4] - Walmart's stock rose 3% after being announced as a new addition to the Nasdaq 100 Index [4] - Credit card companies and bank stocks declined following Trump's proposal for a cap on credit card interest rates [4] Earnings Reports and Market Reactions - JPMorgan Chase reported better-than-expected Q4 results, leading to a 0.5% rise in its stock during pre-market trading [16] - Intel and Advanced Micro Devices saw stock increases after being upgraded by KeyBanc [17] Inflation Data and Economic Indicators - The U.S. consumer inflation report is anticipated to show a December CPI of 2.7% year-over-year, unchanged from November, with core CPI expected to rise slightly to 2.7% [6] - New Home Sales data for October is expected to show sales of 716K, incorporating previously delayed September figures [8] International Market Trends - Asian stock markets showed mixed results, with Japan's Nikkei 225 Index closing sharply higher amid speculation of a snap election [11][13] - China's Shanghai Composite Index retreated from a 10-year high, with significant turnover indicating potential market overheating [12]

Market Overview - U.S. stock futures are showing a slight dip as investors prepare for critical economic data and the start of the fourth-quarter earnings season [1] - Major U.S. indexes closed at record highs on Monday, with the S&P 500 rising 0.16% to 6,977.27 points, the Dow Jones Industrial Average gaining 0.17% to 49,590.20 points, and the Nasdaq Composite advancing 0.26% to 23,733.90 points [3] Economic Indicators - The Consumer Price Index (CPI) data for December 2025 is set to be released, with expectations of an annual inflation rate stable at 2.7% and a monthly pace of 0.3% for both total and core CPI [4] - The U.S. 10-year Treasury yield is up to approximately 4.19% [2] Corporate Earnings - The fourth-quarter earnings season begins today, with major companies like JPMorgan Chase & Co. expected to report total revenue of $46.25 billion and earnings per share of $5.02 [6] - Other companies reporting include Bank of New York Mellon Corporation and Delta Air Lines [6] Notable Corporate News - Alphabet Inc. reached a market value of over $4 trillion after Apple announced the integration of Google's Gemini AI into Siri, with Alphabet up 0.68% in premarket trading [7] - Xpeng Inc. ADR dropped 2.63% in premarket despite plans for localized supply chain teams in Europe and ASEAN [7] - Valeura Energy Inc. reported Q4 2025 performance in line with guidance and provided a positive outlook for 2026 [11] - Maple Leaf Foods Inc. announced 2026 financial guidance and a dividend increase [11]

U.S. stock index futures edged lower on Tuesday as investors waited on a key inflation report for fresh clues on where interest rates go next, while JPMorgan Chase's fourth-quarter results kicked of... ...

Market Overview - U.S. stock futures declined on Tuesday after a positive close on Monday, with major benchmark indices trading lower [1] - Wall Street expects the annual inflation rate to remain stable at 2.7% in December, with a monthly pace of 0.3% [1] Treasury Yields and Federal Reserve Outlook - The 10-year Treasury bond yielded 4.19%, while the two-year bond was at 3.55% [2] - Markets are pricing a 95% likelihood of the Federal Reserve keeping interest rates unchanged in January [2] Index Performance - Dow Jones decreased by 0.13%, S&P 500 by 0.12%, Nasdaq 100 by 0.19%, and Russell 2000 by 0.22% [3] - SPDR S&P 500 ETF Trust (SPY) was down 0.019% at $694.53, and Invesco QQQ Trust ETF (QQQ) declined 0.12% to $626.40 [3] Stocks in Focus - Alphabet Inc. (GOOG) rose 0.68% to reach a market value of $4 trillion amid the AI boom [8] - Xpeng Inc. (XPEV) dropped 2.63% despite announcing plans for localized supply chain teams in Europe and ASEAN by 2026 [8] - Five9 Inc. (FIVN) increased by 0.36% after expanding its partnership with Google Cloud [8] - JPMorgan Chase & Co. (JPM) was up 0.31% ahead of expected fourth-quarter earnings of $4.92 per share on revenue of $46.02 billion [8] Economic Insights - LPL Financial maintains a bullish outlook for 2026, anticipating continued double-digit earnings growth driven by a resilient U.S. economy [11] - Technology and AI are expected to be primary growth engines, with the "Magnificent Seven" projected to drive over 60% of S&P 500 earnings growth in Q4 [12] - LPL believes that fiscal, regulatory, and monetary policies will support corporate profits in 2026 [13] Commodities and Global Markets - Crude oil futures fell by 2.19% to around $60.62 per barrel [14] - Gold Spot fell 0.22% to approximately $4,586.67 per ounce, with Bitcoin trading 1.57% higher at $92,154.63 per coin [17]

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index moved to the “Greed” zone on Monday.U.S. stocks settled higher on Monday, with the Nasdaq Composite gaining around 0.3% during the session. The S&P 500 and Dow Jones index also surged to new all-time highs.The S&P 500 gained 1% last week, while the Dow and Nasdaq surged 2.3% and 1.9%, respectively.Gold and silver surged to fresh record highs Monday as investors reassessed the Federal Reserve’s inde ...

Core Insights - U.S. stock futures are trading slightly lower, indicating a cautious market sentiment ahead of key earnings reports [1] Company Earnings Expectations - Delta Air Lines Inc (NYSE:DAL) is expected to report quarterly earnings of $1.53 per share on revenue of $14.73 billion, with shares rising 0.1% to $71.06 in after-hours trading [1] - JPMorgan Chase & Co (NYSE:JPM) is anticipated to post quarterly earnings of $4.95 per share on revenue of $46.20 billion, with shares increasing 0.2% to $324.97 in after-hours trading [1] - Concentrix Corp (NYSE:CNXC) is projected to report quarterly earnings of $2.91 per share on revenue of $2.54 billion, with shares gaining 1% to $40.90 in after-hours trading [1] - Bank of New York Mellon Corp (NYSE:BK) is expected to report quarterly earnings of $1.98 per share on revenue of $5.14 billion, with shares falling 0.3% to $120.25 in after-hours trading [1] Company Restructuring - Meta Platforms Inc. (NASDAQ:META) plans to cut about 10% or more jobs in its Reality Labs division to focus on next-generation AI initiatives, with potential layoffs announced as early as Tuesday [1]

Group 1 - The core focus of the article is on the upcoming earnings reports from major banks and their potential impact on the stock market, alongside the significance of the December CPI report [1] - Major banks including JPMorgan Chase and BNY Mellon are set to release their earnings today, with JPMorgan's CEO Jamie Dimon expected to share insights on the market and the U.S. economy [1] - Other banks such as Bank of America, Citigroup, and Wells Fargo will report their earnings tomorrow, while Morgan Stanley, Goldman Sachs, and BlackRock will follow on Thursday [1] Group 2 - Delta Air Lines is also scheduled to announce its earnings today, indicating a broader interest in the performance of the airline sector [1] - Taiwan Semiconductor Manufacturing Company (TSMC) will disclose its fourth-quarter earnings on Thursday, which is particularly noteworthy given its role as a bellwether for the semiconductor industry amid prevailing AI valuation risks [1]