Revenue: As of FY2025 Q4, the actual value is USD 46.77 B.EPS: As of FY2025 Q4, the actual value is USD 4.63, missing the estimate of USD 4.9146.<h4>Firmwide Metrics</h4>JPMorgan Chase &amp; Co. reported a net income of $13.0 billion for the fourth quarter of 2025, which is a 7% decrease compared to the prior-year fourth quarter. Excluding a significant item, net income was $14.7 billion for the quarter, and full-year 2025 net income reached $57.0 billion.Reported net revenue for the fourth quarter of 2025 was $45.8 billion, while managed net revenue increased by 7% to $46.8 billion compared to the prior-year fourth quarter. Net interest income rose by 7% to $25.1 billion, and noninterest revenue also increased by 7% to $21.7 billion. Noninterest expense was $24.0 billion, marking a 5% increase compared to the prior-year fourth quarter.The provision for credit losses was $4.7 billion, with net charge-offs of $2.5 billion, an increase of $150 million. A net reserve build of $2.1 billion included a $2.2 billion reserve for the forward purchase commitment of the Apple credit card portfolio.Average loans were up 9% year-over-year (YoY) and 3% quarter-over-quarter (QoQ), while average deposits increased by 6% YoY and 2% QoQ. The firm’s CET1 Capital Ratios were 14.5% (Standardized) and 14.1% (Advanced), and total loss-absorbing capacity stood at $564 billion. Cash and marketable securities were $1.5 trillion.Shareholder returns included a common dividend of $4.1 billion or $1.50 per share, and common stock net repurchases amounted to $7.9 billion. Book value per share was $126.99, up 9% YoY, and tangible book value per share was $107.56, up 11% YoY. Approximately $3.3 trillion of credit and capital was raised in 2025, including $280 billion for consumers and $33 billion for U.S. small businesses.<h4>Consumer &amp; Community Banking (CCB)</h4>Net income for CCB was $3.6 billion, representing a 19% decrease compared to the prior-year fourth quarter. Net revenue increased by 6% to $19.4 billion, with Banking &amp; Wealth Management net revenue up 7% to $10.9 billion, and Card Services &amp; Auto net revenue up 5% to $7.3 billion. Home Lending net revenue decreased by 4% to $1.2 billion. Noninterest expense increased by 5% to $10.3 billion.The provision for credit losses was $4.2 billion, primarily driven by a $2.2 billion net reserve build for the Apple credit card portfolio. Net charge-offs were $2.0 billion, remaining relatively flat. Average deposits were up 1% YoY, and client investment assets increased by 17% YoY. The Card Services net charge-off rate was 3.14%, and debit and credit card sales volume grew by 7% YoY.<h4>Commercial &amp; Investment Bank (CIB)</h4>CIB reported a net income of $7.3 billion, an increase of 10% compared to the prior-year fourth quarter. Net revenue grew by 10% to $19.4 billion, with Banking &amp; Payments revenue up 4% to $9.7 billion, and Markets &amp; Securities Services revenue up 17% to $9.7 billion. Investment Banking revenue decreased by 2% to $2.6 billion, with Investment Banking fees down 5% to $2.3 billion. Noninterest expense increased by 3% to $9.0 billion.The provision for credit losses was $405 million, with net charge-offs at $440 million and a net reserve release of - $35 million. Average Banking &amp; Payments loans increased by 5% YoY, and average client deposits were up 14% YoY.<h4>Asset &amp; Wealth Management (AWM)</h4>Net income for AWM was $1.8 billion, a 19% increase compared to the prior-year fourth quarter. Net revenue increased by 13% to $6.5 billion, while noninterest expense grew by 8% to $4.1 billion. The provision for credit losses was $2 million.Assets under management (AUM) reached $4.8 trillion, up 18%, and client assets increased by 20% to $7.1 trillion. Client asset net inflows totaled $553 billion for the year. Average loans were up 12% YoY, and average deposits were down 1% YoY.<h4>Corporate</h4>Net income for Corporate was $307 million, a decrease of $1.0 billion compared to the prior-year fourth quarter. Net revenue was $1.5 billion, a decrease of $520 million, with net interest income down $462 million to $1.6 billion. Noninterest revenue was a net loss of - $88 million, down $58 million. Noninterest expense increased by $98 million to $648 million, and the provision for credit losses was $4 million.<h4>Outlook / Guidance</h4>JPMorgan Chase &amp; Co. is committed to investing capital for future growth, exemplified by the Apple Card, which represents patient deployment of excess capital into attractive opportunities. The U.S. economy shows resilience with continued consumer spending and healthy businesses, a trend potentially sustained by ongoing fiscal stimulus, deregulation benefits, and the Federal Reserve’s recent monetary policy. However, the company remains vigilant regarding potential risks such as complex geopolitical conditions, persistent inflation, and elevated asset prices that markets might be underappreciating.

JPMorgan Chase | 8-K: FY2025 Q4 Revenue: USD 46.77 B