JPMorgan Chase (JPM) 2025 Q4 profit

JP Morgan Chase Fourth-quarter results released Tuesday beat expectations, with revenue from the bank’s trading operations higher than expected.

Here’s what the company reported:

Adjusted earnings: $5.23 per share, vs. LSEGR consensus estimate of $5.00 Revenue: $46.77 billion, $46.21 billion expected.

The company said profit fell 7% to $13.03 billion, or $4.63 per share, due to a previously announced $2.2 billion provision related to the acquisition of the Apple Card loan portfolio from Goldman Sachs. Excluding the 60 cents per share impact from the transaction, adjusted earnings were $5.23, beating analysts’ expectations.

Companywide sales rose 7% to $46.77 billion, and net interest income rose 7% to $25.1 billion, broadly in line with analyst expectations for NII.

Banks have enjoyed a Goldilocks-type environment in recent quarters, with a recovery in Wall Street trading and investment banking, lower interest rates, stable consumer credit and regulatory relief providing tailwinds for the sector. The high level of stock prices also energized banks’ financial management departments.

of KBW Bank Index It rose 29% last year, the second year in a row that the big bank benchmark outpaced the bank’s rise. S&P500.

Analysts will therefore be watching to see how much of the momentum from 2025 is expected to carry over into this year. Of particular concern are whether spending is cracking and guidance on the strength of Wall Street trading amid signs of weakening in the labor market.

JPMorgan Chase & Co. CEO Jamie Dimon is likely to be asked about President Donald Trump’s demand for a 10% cap on credit card interest rates for the industry and questions about the independence of the Federal Reserve.

bank of america, citygroup and wells fargo We plan to report the results on Wednesday. goldman sachs and morgan stanley Thursday’s report.

This story is developing. Please check back for the latest information.