JPMorgan Chase posted its second-best year ever with full-year 2025 net income of $57.0 billion, driven by a resilient U.S. economy and better-than-expected revenue from the bank’s trading operations.
In its Q4 and FY2025 earnings report, the company reported a net income of net income of $14.7 billion, “excluding a significant item.”
The nation’s largest bank reported a 7% decline in profit, due to a pre-announced $2.2 billion reserve related to its acquisition of the Apple Card loan portfolio from Goldman Sachs. Excluding the $0.60 per share impact of this transaction, adjusted earnings totaled $5.23.
Equities trading revenue surged 40% to $2.9 billion, $350 million above analysts’ expectations, as the company cited strength across operations, especially in its hedge fund business.
JPMorgan Chase Chairman and CEO Jamie Dimon told investors: “Each line of business performed well. In the CIB, revenue rose 10%. Markets continued to benefit from demand for financing and robust client activity, pushing revenue up 17%. Additionally, Payments revenue reached a record $5.1 billion due to ongoing deposit and fee growth. In CCB, revenue rose 6%, and the franchise continued to acquire new customers at a robust pace. This year, we opened 1.7 million net new checking accounts and 10.4 million new credit card accounts, and we also grew wealth management households to over 3 million.
“These results were the product of strong execution, years of investment, a favorable market backdrop and selective deployment of excess capital. Looking ahead, we remain committed to investing our capital to drive future growth, and the Apple Card is one example of patient and thoughtful deployment of our excess capital into attractive opportunities.”
Dimon added: “The U.S. economy has remained resilient. While labor markets have softened, conditions do not appear to be worsening. Meanwhile, consumers continue to spend, and businesses generally remain healthy. These conditions could persist for some time, particularly with ongoing fiscal stimulus, the benefits of deregulation and the Fed’s recent monetary policy. However, as usual, we remain vigilant, and markets seem to underappreciate the potential hazards—including from complex geopolitical conditions, the risk of sticky inflation and elevated asset prices.”
JPMorgan Chase stock fell 3% in premarket trading following the earnings release.
By CEO NA Editorial Staff
