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JPMorgan Chase (JPM)
NYSE:JPM
Earnings Data
Report Date
Apr 11, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
4.63Last Year’s EPS
4.44Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 15, 2025
|% Change Since: -4.72%
|Next Earnings Date:Apr 11, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with record-breaking revenue and net income, robust growth in Investment Banking and Asset & Wealth Management, and improved expense management. However, challenges such as deposit margin compression, loan growth issues, and higher credit costs were noted. Overall, the positive highlights significantly outweigh the lowlights, indicating a strong position and optimism for future growth.Company Guidance
During the call, JPMorgan Chase provided comprehensive guidance on its 2025 financial outlook, highlighting several key metrics. The firm anticipates 2025 net interest income (NII) excluding Markets to be approximately $90 billion, with firm-wide NII expected to reach around $94 billion. They foresee a modest compression in deposit margins due to lower rates, with the NII trough potentially occurring mid-year before subsequent growth. Additionally, 2025 expenses are projected at about $95 billion, driven by volume and revenue-related expenses and investments in new products and technology. The firm also reiterated a card net charge-off rate guidance of approximately 3.6% for 2025 and emphasized a robust capital position with a CET1 ratio of 15.7%. Adjustments in capital return strategies, particularly through share buybacks, were discussed to manage excess capital effectively.Record-Breaking Revenue and Net Income
The firm reported a net income of $14 billion for the quarter and a full-year net income of $54 billion with EPS of $18.22, reflecting strong financial performance across all segments.
Strong Revenue Growth
Revenue for the quarter was $43.7 billion, up 10% year-on-year, driven by higher asset management fees, investment banking fees, and markets revenue.
Investment Banking Success
Investment Banking fees increased by 49% year-on-year, with advisory fees up 41% and underwriting fees significantly up, driven by favorable market conditions.
Record Asset and Wealth Management Inflows
The firm reported record long-term net inflows of $234 billion, with AUM reaching $4 trillion and client assets at $5.9 trillion, both up 18% year-on-year.
Improved Expense Management
Expenses were down $1.7 billion or 7% year-on-year, excluding the prior year's FDIC special assessment, indicating efficient cost management.
Positive Outlook for Investment Banking
With positive momentum and a strong pipeline, the firm remains optimistic about the future of its Investment Banking segment.
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JPM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JPM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 15, 2025 | $245.96 | $250.80 | +1.97% |
| Oct 11, 2024 | $210.45 | $219.79 | +4.44% |
| Jul 12, 2024 | $203.87 | $201.40 | -1.21% |
| Apr 12, 2024 | $191.00 | $178.65 | -6.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does JPMorgan Chase (JPM) report earnings?
JPMorgan Chase (JPM) is schdueled to report earning on Apr 11, 2025, TBA Not Confirmed.
What is JPMorgan Chase (JPM) earnings time?
JPMorgan Chase (JPM) earnings time is at Apr 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JPM EPS forecast?
JPM EPS forecast for the fiscal quarter 2025 (Q1) is 4.63.
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