The earnings call highlighted strong net income, ROTCE, and revenue growth in key segments like CIB and Asset & Wealth Management. However, challenges included an overall revenue decline, increased credit costs, and a decrease in the CET1 ratio. Despite the mixed results, the positive aspects outweighed the negative, indicating a generally positive sentiment.

Company Guidance

During the JPMorgan Chase Second Quarter 2025 Earnings Call, guidance was provided indicating expectations for NII ex Markets to be approximately $92 billion, driven by changes in the forward curve and strong deposit growth in Payments and Security Services, alongside balanced growth in Card. The total NII guidance is set at about $95.5 billion, suggesting $3.5 billion from Markets NII. Adjusted expenses are anticipated to be around $95.5 billion, primarily due to the impact of a weaker dollar, which is expected to be largely bottom-line neutral. Additionally, the Card net charge-off rate is projected to remain roughly at 3.6%. Despite dynamic environmental challenges, the firm remains committed to navigating uncertainties effectively.

Strong Net Income and ROTCE

JPMorgan Chase reported a net income of $15 billion and a return on tangible common equity (ROTCE) of 21% for Q2 2025.

CIB Revenue Growth

The Commercial & Investment Bank (CIB) reported a net income of $6.7 billion on revenue of $19.5 billion, up 9% year-on-year, with strong performance in advisory and debt underwriting fees.

Asset & Wealth Management Success

Asset & Wealth Management reported net income of $1.5 billion, with a pretax margin of 34% and revenue growth of 10% year-on-year driven by management fees and net inflows.

Continued Growth in Card Services & Auto

Card Services & Auto revenue was up 15% year-on-year, driven by higher revolving balances and auto lease income.

Markets Revenue Increase

Markets revenue was up 15% year-on-year, with strong performance in fixed income and equities.

JPMorgan Chase (JPM) Earnings, Revenues Date & History

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JPM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 14, 2025	2025 (Q3)	4.66 / -	4.37	―	―	―
Jul 15, 2025	2025 (Q2)	4.48 / 5.24	6.12	-14.38% (-0.88)
Apr 11, 2025	2025 (Q1)	4.63 / 5.07	4.44	14.19% (+0.63)
Jan 15, 2025	2024 (Q4)	4.09 / 4.81	3.04	58.22% (+1.77)
Oct 11, 2024	2024 (Q3)	3.99 / 4.37	4.33	0.92% (+0.04)
Jul 12, 2024	2024 (Q2)	5.88 / 6.12	4.75	28.84% (+1.37)
Apr 12, 2024	2024 (Q1)	4.17 / 4.44	4.1	8.29% (+0.34)
Jan 12, 2024	2023 (Q4)	3.35 / 3.04	3.57	-14.85% (-0.53)
Oct 13, 2023	2023 (Q3)	3.95 / 4.33	3.12	38.78% (+1.21)
Jul 14, 2023	2023 (Q2)	3.94 / 4.75	2.76	72.10% (+1.99)

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

JPM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 15, 2025	$288.70	$286.55	-0.74%
Apr 11, 2025	$226.02	$235.07	+4.00%
Jan 15, 2025	$244.78	$249.60	+1.97%
Oct 11, 2024	$209.44	$218.74	+4.44%

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.