JPMorgan CEO and CFO: Staying competitive requires investment

Good morning. Earnings season is underway. JPMorgan Chase reported fourth-quarter 2025 earnings on Tuesday, with investors looking past solid headline results to focus on higher expected costs and a one-time reserve tied to the Apple Card deal, sending shares modestly lower. The bank posted net income of $13 billion, down 7% from a year earlier due to a $2.2 billion pre-tax credit reserve build related to its pending acquisition of the Apple Card portfolio from Goldman Sachs. Revenue rose 7% to $46.8 bill ...