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US stock futures remained flat as investors awaited major bank earnings following a pullback in Wall Street. On Tuesday, the Dow fell 0.8%, S&P 500 dropped 0.19%, and Nasdaq Composite decreased by 0.1%. Financial stocks led the decline, particularly JPMorgan, which fell over 4% due to disappointing investment banking fees and concerns over a proposed cap on credit card interest rates. Visa and Mastercard also saw declines. Upcoming earnings from Bank of America, Wells Fargo, and Citigroup are anticipated, amid geopolitical tensions and criticism of the Federal Reserve.
JPMorgan Chase CEO Jamie Dimon stated that the U.S. economy is resilient, as the bank's fourth-quarter earnings exceeded expectations. The bank reported a 7% drop in profit to $13 billion, but revenue rose 7% to $46.8 billion. Despite a significant increase in provisions for credit losses, JPMorgan's earnings per share of $5.23 surpassed analyst forecasts. The bank's stock rose 1% in premarket trading, reflecting a 31% increase over the past year. Dimon noted strong consumer spending and healthy business conditions.
JPMorgan Chase’sshares rise 2% to $330.8 premarketJPM’s Q4 profit fell to $13 billion, or $4.63 per share, compared with $14 billion, or $4.81 per share, a year earlierCo’s profit includes $2.2 billion provision linked to takeover of Apple’s credit card programExcluding the charge, JPM’s profit rose to $14.7 billion, or $5.23 per shareJPM’s stock rose over 34% in 2025
JPMorgan reported Q4 results with adjusted EPS of $5.23, beating estimates, while revenue slightly missed at $45.80 billion. The bank announced a $7.9 billion stock repurchase program and remains optimistic about the U.S. economy despite geopolitical risks. Key growth drivers included a 6% revenue increase in Consumer & Community Banking and a 17% rise in Corporate & Investment Bank markets revenue. The average analyst rating is "buy" with a 12-month price target of $336.00, reflecting a positive outlook for the stock.
