News Brief: JPMorgan Chase Q4 2025 Earnings Report
Summary
JPMorgan Chase reported fourth-quarter earnings and revenue that exceeded analyst expectations, driven by strong performance in trading operations. However, profit declined due to a one-time charge related to its acquisition of the Apple Card portfolio, and investment banking fees disappointed. The bank’s shares fell in morning trading following the report.
Key Points
- Earnings & Revenue Beat: Adjusted EPS of $5.23 and revenue of $46.77B surpassed consensus estimates.
- Profit Impact: Net profit fell 7% to $13.03B due to a preannounced $2.2B charge for the Apple Card portfolio takeover.
- Trading Strength: Equities trading revenue surged 40% to $2.9B; Fixed income rose 7% to $5.4B, both beating estimates.
- Investment Banking Weakness: Fees fell 5% to $2.3B, missing estimates by approximately $210M.
- CEO Outlook: Jamie Dimon cited economic resilience but warned of potential hazards like sticky inflation and geopolitical risks.
- Market Reaction: Shares were down 3% in morning trading post-announcement.
- Peer Reports Due: Bank of America, Citigroup, and Wells Fargo report Wednesday; Goldman Sachs and Morgan Stanley report Thursday.
新闻简报：摩根大通2025年第四季度财报
摘要
摩根大通公布的第四季度盈利和营收超出分析师预期，主要受交易业务强劲表现推动。然而，由于收购苹果信用卡（Apple Card）贷款组合相关的一次性费用，利润出现下降，且投资银行费用令人失望。财报发布后，该行股价在早盘交易中下跌。
关键点
- 盈利与营收超预期：调整后每股收益5.23美元，营收467.7亿美元，均超过普遍预期。
- 利润影响：因预先公布的22亿美元苹果信用卡组合收购相关拨备，净利润下降7%至130.3亿美元。
- 交易业务强劲：股票交易收入飙升40%至29亿美元；固定收益交易收入增长7%至54亿美元，均超预期。
- 投行业务疲软：投行费用下降5%至23亿美元，比预期低约2.1亿美元。
- CEO展望：杰米·戴蒙指出经济具有韧性，但警告了粘性通胀和地缘政治风险等潜在隐患。
- 市场反应：财报发布后，早盘股价下跌3%。
- 同行财报即将发布：美国银行、花旗集团和富国银行将于周三公布业绩；高盛和摩根士丹利将于周四公布。
Original Article Link: https://www.cnbc.com/2026/01/13/jpmorgan-chase-jpm-earnings-q4-2025.html