Overview

• JPMorgan beat expectations with earnings per share of $5.07, net income of $14.4 billion and revenue of $47.1 billion.
• Markets revenue reached about $8.9 billion, up 25% to a third‑quarter record, while investment‑banking fees rose 16% to $2.6 billion.
• The bank raised its 2025 net interest income guidance to roughly $95.8 billion.
• Provisions for credit losses increased to $3.4 billion, including $809 million tied to borrower‑related collateral irregularities and changes in credit quality.
• Peers also outperformed as dealmaking strengthened—Goldman’s investment‑banking revenue climbed 42%, Wells Fargo and Citigroup posted gains, and Bank of America and Morgan Stanley later reported profit jumps—while executives touted strong pipelines but warned about tariffs, geopolitics and sticky inflation.