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JPM-PC

JPMorgan Chase & Co.

JPM-PC

JPMorgan Chase & Co. • NYSE
$25.23 ▼ -0.16% (-0.04)
Market Cap $796.36 B
52w High $25.74
52w Low $24.74
Dividend Yield 1.50%
P/E 1.87
Volume 73.04K
Outstanding Shares 31.56B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $71.9B ▲ $24.281B ▲ $14.393B ▼ 20.018% ▼ $5.09 ▼ $20.743B ▲
Q2-2025 $69.914B ▲ $23.739B ▲ $14.987B ▲ 21.436% ▲ $5.25 ▲ $20.494B ▲
Q1-2025 $68.907B ▲ $23.597B ▲ $14.643B ▲ 21.25% ▲ $5.08 ▲ $20.438B ▲
Q4-2024 $67.007B ▼ $22.762B ▲ $14.005B ▲ 20.901% ▲ $4.82 ▲ $19.34B ▲
Q3-2024 $69.667B $22.565B $12.898B 18.514% $4.38 $18.945B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $729.251B ▼ $4.56T ▲ $4.2T ▲ $360.212B ▲
Q2-2025 $890.916B ▲ $4.552T ▲ $4.196T ▲ $356.924B ▲
Q1-2025 $813.883B ▼ $4.358T ▲ $4.006T ▲ $351.42B ▲
Q4-2024 $866.007B ▲ $4.003T ▼ $3.658T ▼ $344.758B ▼
Q3-2024 $757.724B $4.21T $3.864T $345.836B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $14.325B ▼ $38.073B ▲ $-104.598B ▲ $-47.773B ▼ $-116.891B ▼ $38.073B ▲
Q2-2025 $14.987B ▲ $29.547B ▲ $-173.06B ▼ $122.804B ▼ $-5.576B ▲ $29.547B ▲
Q1-2025 $14.643B ▲ $-251.839B ▼ $-118.076B ▼ $318.059B ▲ $-43.414B ▼ $-251.839B ▼
Q4-2024 $14.005B ▲ $147.758B ▲ $17.62B ▲ $-115.705B ▼ $35.057B ▲ $147.758B ▲
Q3-2024 $12.898B $-74.081B $-43.405B $10.746B $-96.559B $-74.081B

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Asset and Wealth Management Segment
Asset and Wealth Management Segment
 $5.44Bn ▲$5.78Bn ▲$5.73Bn ▼$5.76Bn ▲
Commercial And Investment Bank
Commercial And Investment Bank
 $0 ▲$0 ▲$19.67Bn ▲$19.54Bn ▼
Consumer Community Banking
Consumer Community Banking
 $17.79Bn ▲$18.36Bn ▲$18.31Bn ▼$18.85Bn ▲
Segment Reconciling Items
Segment Reconciling Items
 $0 ▲$0 ▲$-700.00M ▼$-770.00M ▼
Segment Reporting Reconciling Item Corporate Nonsegment
Segment Reporting Reconciling Item Corporate Nonsegment
 $0 ▲$0 ▲$2.30Bn ▲$1.54Bn ▼
Corporate Investment Bank
Corporate Investment Bank
 $17.02Bn ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement JPMorgan Chase has shown strong, steady growth in both revenue and profit over the past five years. Earnings rose meaningfully even through different economic conditions, which suggests resilient underlying franchises across retail, corporate, and investment banking. Profitability has generally improved, helped by scale, technology, and active risk management. The bank’s ability to grow earnings after already being very large is a sign of strength, but results still remain sensitive to interest rate moves, credit quality, and market activity, so performance can vary from year to year.

Balance Sheet

Balance Sheet The balance sheet is enormous and has continued to expand, reflecting JPMorgan’s role as a global systemically important bank. Total assets have grown, and shareholder equity has also trended upward, indicating that the firm is retaining and building capital over time. Debt levels have increased but remain in line with a large, diversified bank that funds itself through a mix of deposits and wholesale markets. Liquidity appears ample, with a substantial cash and securities position, though the absolute figures are less important than ongoing regulatory capital and liquidity tests, which JPMorgan has historically managed well.

Cash Flow

Cash Flow Reported cash flows move around a lot from year to year, including a recent period of negative operating cash flow. For banks, this volatility is often driven by changes in loans, deposits, and trading assets rather than core profitability. In other words, negative operating cash flow can sometimes reflect growth in lending or shifts in funding, not necessarily stress. With little traditional capital spending reported, free cash flow essentially tracks operating cash. The key for a bank like JPMorgan is less the raw cash flow line and more its access to stable funding and regulatory liquidity, both of which remain central areas of management focus.

Competitive Edge

Competitive Edge JPMorgan holds a leading position among global banks, supported by its massive scale, broad diversification, and strong brand. It operates across consumer banking, cards, payments, investment banking, trading, and asset and wealth management, which provides multiple income streams and some cushion when one area slows. High regulatory barriers, deep client relationships, and the complexity of large corporate and institutional services make it difficult for new or smaller competitors to dislodge it. However, it still faces intense competition from other global banks, fintechs, and capital markets, and must continually manage regulatory scrutiny due to its size and importance to the financial system.

Innovation and R&D

Innovation and R&D The firm is a heavy investor in technology, committing very large sums each year to digital platforms, artificial intelligence, data analytics, and cloud infrastructure. It has been an early mover in areas like AI-driven trading, digital banking experiences, and blockchain-based payment and settlement systems. These efforts aim to lower costs, improve risk management, and deepen client engagement. JPMorgan is also exploring frontier areas such as quantum computing and is pushing into sustainable finance and ESG-related products. The main opportunity is to turn these investments into lasting cost and service advantages; the risk is the sheer scale of spending and the need to keep execution tight while the technology and regulatory landscapes evolve quickly.

Summary

Overall, JPMorgan Chase appears to combine strong current profitability with a very large, well-capitalized balance sheet and a clear commitment to technology and innovation. Its size, diversification, and brand give it a durable edge, but also place it under constant regulatory and public scrutiny. Earnings and cash flows can swing with credit cycles, interest rates, and markets, yet the bank has shown an ability to grow through different environments. The big themes to watch going forward are how effectively it monetizes its heavy technology spending, how it navigates changing regulation and economic conditions, and how credit quality holds up in a shifting rate and macro backdrop.