JPMorgan Chase reported another quarter of rising profits on Tuesday, with the bank earning $5.75 per share, excluding $658 million in paper securities losses.
The nation’s largest bank reported profits of $15.3 billion, or $5.57 per share, up 6% from the year-earlier third quarter but below analysts’ forecast of $5.90 per share.
Net revenue rose 8% to $50.2 billion compared to $46.4 billion in Q3 2025.
JPMorgan Chase CEO Jamie Dimon told investors: “The Firm reported another quarter of strong results, generating net income of $15.8 billion and an ROTCE of 21%, excluding discretionary investment securities losses totaling $498 million after tax.”
Dimon continued: “Each line of business performed well. In the CIB, revenue increased 14%. Markets revenue and IB fees each rose at a mid-teens rate, helped by strong levels of client activity, although activity did moderate somewhat during the quarter. Meanwhile, Payments and Securities Services each posted double-digit revenue increases led by ongoing deposit and fee growth. In CCB, revenue rose 9%. We ranked #1 in U.S. retail deposits for the sixth consecutive year, and account acquisition remained strong in the quarter as we added over 650,000 net new checking accounts. Additionally, growth continued to be robust in Card, with strong demand for our set of products. Finally, in AWM, revenue grew 14%, and flows were very strong with $263 billion of client asset net inflows.”
Dimon added: “Our capital hierarchy has remained consistent over time, with investing in the franchise and supporting our clients at the top. In line with our hierarchy, we reduced share repurchases this quarter. We believe we can deploy this capital over time at very attractive returns for our shareholders.”
Dimon added: “The U.S. economy continued to be fueled by strong business investment and ongoing consumer spending. However, large fiscal deficits, sticky inflation, elevated asset prices, rising interest rates and geopolitical conditions continue to shift under the surface. These forces may be manageable, but we remain prepared for a wide range of outcomes.”
JPMorgan stock fell 3% in premarket trading on Tuesday following the announcement.
By CEO NA Editorial Staff
