JPMorgan Chase & Co. has reported a strong second quarter for 2025, with net income reaching $15.0 billion, or $5.24 per share. Excluding a significant item, net income was $14.2 billion, or $4.96 per share.
The return on equity (ROE) for the quarter was 18%, while the return on tangible common equity (ROTCE) stood at 21%. The firm's Common Equity Tier 1 (CET1) capital ratios were reported at 15.0% (standardized) and 15.1% (advanced). The total loss-absorbing capacity was $560 billion, and the standardized risk-weighted assets amounted to $1.9 trillion.
In terms of revenue, JPMorgan Chase reported $44.9 billion, while managed revenue reached $45.7 billion. The firm's total expense was $23.8 billion, resulting in a reported overhead ratio of 53% and a managed overhead ratio of 52%.
Credit costs for the quarter amounted to $2.8 billion, with $2.4 billion in net charge-offs and a $439 million net reserve build. Average loans were up 5% year-over-year (YoY) and 3% quarter-over-quarter (QoQ), while average deposits increased by 6% YoY and 3% QoQ.
In the Consumer & Community Banking (CCB) segment, the ROE was 36%. Average deposits were down 1% YoY but up 1% QoQ, while client investment assets saw a significant increase of 14% YoY.
The Corporate & Investment Bank (CIB) segment reported an ROE of 17%. Investment banking fees were up 7% YoY and 12% QoQ, securing the #1 ranking for global investment banking fees with an 8.9% wallet share year-to-date.
The Asset & Wealth Management (AWM) segment achieved an ROE of 36% and reported assets under management (AUM) of $4.3 trillion, marking an 18% increase YoY. Average loans were up 7% YoY and 3% QoQ, while average deposits increased by 9% YoY and 2% QoQ.
CEO Jamie Dimon commented on the results, highlighting the strong performance across all lines of business. He also mentioned the firm's plans to increase the common dividend and the successful repurchase of $7 billion of common stock.
In terms of capital distributions, the firm reported a common dividend of $3.9 billion, or $1.40 per share, and $7.1 billion of common stock net repurchases. The net payout over the last twelve months stood at 71%.
Other notable accomplishments include raising approximately $1.7 trillion of credit and capital year-to-date, supporting consumers, businesses, and communities. JPMorgan Chase's book value per share saw a significant increase of 10% YoY, reaching $122.51, while tangible book value per share increased by 11% YoY to $103.40.
The firm's performance in the second quarter demonstrates its robust financial position, strong revenue generation, and solid capital management strategies. Today the company's shares have moved 0.64% to a price of $288.70. Check out the company's full 8-K submission here.
