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JPM-PD

JPMorgan Chase & Co.

JPM-PD

JPMorgan Chase & Co. • NYSE
$25.03 ▼ -0.20% (-0.05)
Market Cap $805.65 B
52w High $25.56
52w Low $23.82
Dividend Yield 1.44%
P/E 1.86
Volume 52.23K
Outstanding Shares 32.19B

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 Revenue and profits have grown strongly over the last several years, with only modest bumps along the way. The bank is earning more from both interest-related activities and fees, and it has managed to convert a good share of that into operating profit and net income. Profitability has improved compared with the early pandemic period, suggesting tighter cost control and more favorable conditions for lending and markets. Overall, the earnings profile looks robust, with solid cushions against normal swings in the economic cycle.

Balance Sheet

Balance Sheet The balance sheet is enormous and has expanded steadily, reflecting both growth in the business and the role JPMorgan plays in the global financial system. Capital levels have risen over time, supporting the bank’s “fortress balance sheet” reputation. Cash and liquid resources remain substantial, even though they move around from year to year as the bank manages deposits, securities, and loans. Debt has also increased, but in the context of the bank’s size and capital base, leverage does not appear out of line for a large diversified bank.

Cash Flow

Cash Flow Cash flow is quite volatile, with big swings between strong inflows and sizable outflows. This is typical for a global bank, where movements in trading books, client deposits, and short-term funding can dramatically shift reported cash flow in any given year. Traditional measures like free cash flow are less meaningful here because lending and securities activity function as a core use of cash. What matters more is that the bank maintains access to funding and ample liquidity, which the balance sheet suggests it does.

Competitive Edge

Competitive Edge JPMorgan sits at the top tier of global banking, with leadership positions across consumer banking, corporate banking, investment banking, payments, and asset management. Its sheer scale, brand strength, and long-standing client relationships make it difficult for rivals to dislodge. Diversification across many business lines and regions provides resilience when one area faces pressure. The bank’s strong capital position and regulatory track record further reinforce its standing as a go-to institution for large corporations, governments, and affluent individuals.

Innovation and R&D

Innovation and R&D JPMorgan is unusually technology-driven for a traditional bank. It spends heavily on software, data, and infrastructure, embedding artificial intelligence into trading, risk management, and wealth tools, and experimenting early with generative AI. Its blockchain and digital-asset efforts, including platforms for tokenized assets and instant institutional payments, put it ahead of many peers. The push into digital consumer banking and fintech partnerships shows a deliberate effort to defend against and learn from newer, more agile competitors. In effect, the bank is using technology to deepen its moat rather than simply to cut costs.

Summary

JPMorgan’s recent financial record shows a powerful earnings engine supported by a very large and well-capitalized balance sheet. While cash flows move sharply from year to year, that volatility is part of how a global bank operates rather than a sign of underlying weakness. The firm’s scale, diversification, and brand give it a strong competitive edge, and its aggressive investment in technology, AI, and blockchain aims to keep that edge intact. Key uncertainties remain around credit cycles, interest-rate shifts, market conditions, and regulatory changes, but the overall picture is of a leading global bank with substantial financial and strategic resources behind all of its securities, including preferred shares like JPM-PD.