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JPM-PJ

JPMorgan Chase & Co.

JPM-PJ

JPMorgan Chase & Co. • NYSE
$20.35 ▼ -0.10% (-0.02)
Market Cap $55.40 B
52w High $22.27
52w Low $19.36
Dividend Yield 1.19%
P/E 1.51
Volume 49.90K
Outstanding Shares 2.72B

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 grown steadily over the past five years, with revenue and profit both moving up meaningfully. Earnings have roughly doubled over that period, and profitability has generally improved rather than just growing through volume. Margins look solid for a large bank, suggesting good pricing power and cost control across its businesses. The one caveat is that results are still tied to the interest-rate and credit cycle, so today’s strong profits should be viewed as part of a cyclical industry pattern rather than guaranteed going forward.

Balance Sheet

Balance Sheet The balance sheet is very large, diversified, and has expanded gradually over time. Assets and shareholder equity have both increased, which points to a stronger capital base supporting the business. Debt and other funding have also grown, but that is normal for a bank of this scale and appears to be matched by growth in assets and franchise size. Cash and liquid resources move around from year to year, but remain substantial, giving the bank flexibility to handle stress, fund growth, and support its obligations, including preferred securities like JPM‑PJ.

Cash Flow

Cash Flow Cash flow is more volatile than the earnings trend might suggest, with some years showing strong inflows and others large outflows. For a bank, this often reflects changes in loans, deposits, and securities positions rather than underlying weakness. Recent negative operating and free cash flow likely indicates heavy deployment of funds into earning assets or shifts in the balance sheet, not a collapse in underlying profitability. Still, it is a reminder that liquidity management is a key risk area for any large bank and can swing sharply with market conditions and regulation.

Competitive Edge

Competitive Edge JPMorgan Chase holds a leading position as the largest U.S. bank, with strong brands in both consumer and institutional banking. Its scale, broad product set, and global reach create a deep moat that is difficult for smaller banks and many fintech firms to replicate. Regulation and capital requirements create high barriers to entry, which tend to favor incumbents like JPM. On the risk side, its sheer size and importance to the financial system also mean more regulatory scrutiny, political attention, and potential headline risk during crises.

Innovation and R&D

Innovation and R&D The bank is unusually aggressive on technology for a traditional financial institution, committing very large budgets to AI, data, and blockchain. It is using AI in trading, document analysis, fraud detection, and internal productivity tools, which could lower costs and improve decision quality over time. The Kinexys blockchain platform and experiments in tokenization show it is trying to shape the future of payments and private markets, not just follow it. These efforts can deepen its data advantage and lock in clients, but they also carry execution risk, regulatory uncertainty, and the chance that some projects never reach scale.

Summary

Overall, JPMorgan Chase combines strong recent earnings, a sizable and growing capital base, and a clear leadership position in global banking. Its heavy investment in technology, data, and new platforms aims to protect and widen that lead, potentially improving efficiency and opening new revenue streams. At the same time, it remains exposed to the usual banking risks: credit cycles, interest-rate swings, market volatility, and evolving regulation. For stakeholders in instruments like JPM‑PJ, the key takeaway is that the underlying institution looks robust and innovative, but still operates in a cyclical and tightly regulated industry where conditions can change quickly.