JPMorgan Chase (JPM) Q4 Earnings Surprise Driven by Lower Costs and Provisions

Core Insights - JPMorgan Chase & Co. reported core earnings per share of $5.23, exceeding the Street consensus of $4.86 and TD Cowen's forecast of $5.02, with revenue reaching $46.77 billion against an estimate of $46.25 billion, driven by reduced costs and lower core provision charge [1] - Despite strong earnings, JPMorgan's shares fell 4% post-announcement due to investment banking revenues falling short of estimates, with analyst Steven Alexopoulos describing the decline as "unwarranted" given a positive outlook for investment banking activity and loan growth in 2026 [2] Company Overview - JPMorgan Chase & Co. is a multinational financial services company that provides investment banking, consumer and small-business financial services, commercial banking, asset management, and financial transaction processing [3]