Key facts
- 52-week range (closes)
- $282.84 – $365.18 Lowest close Mar 27, 2026, highest Aug 12, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
- Fiscal year ends
- December Fiscal 2025 ended Dec 31, 2025, from SEC filings
- In the S&P 500 since
- Jun 30, 1975 · All S&P 500 changes
- In the Dow since
- May 6, 1991, replacing Navistar, Primerica and USX · Joined as J.P. Morgan & Co. · All Dow changes
- Analyst coverage
- 10 open price targets from 10 firms: Baird, Barclays, Citi, HSBC, Jefferies, Morgan Stanley, RBC Capital Markets, TD Cowen, Truist Securities, UBS Approved targets tracked here; see the analyst section below
JPMorgan Chase (JPM) is trading up at $335.45 (+0.58%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Financials sector.
Analyst price targets on JPM
Current price targets from 10 firms average $370, median $370, ranging from $312 to $420 — the average is 10% above the current $335. Each is tracked to its date and scored the same way a member's call is.
- UBS $340 → $395 by Oct 2027 Oct 17, 2026 via MarketBeat · UBS's track record
- Baird $340 → $312 by Oct 2027 Oct 17, 2026 via MarketBeat · Baird's track record
- Citi $336 → $350 by Oct 2027 Oct 15, 2026 via MarketBeat · Citi's track record
- Truist Securities $335 → $361 by Oct 2027 Oct 14, 2026 via MarketBeat · Truist Securities's track record
- Morgan Stanley $335 → $377 by Oct 2027 Oct 14, 2026 via MarketBeat · Morgan Stanley's track record
- TD Cowen $331 → $370 by Oct 2027 Oct 8, 2026 via GuruFocus · TD Cowen's track record
- Barclays $331 → $420 by Oct 2027 Oct 7, 2026 via The Globe and Mail · Barclays's track record
- HSBC $337 → $377 by Sep 2027 Sep 28, 2026 via MarketBeat · HSBC's track record
- Jefferies $339 → $365 by Sep 2027 Sep 24, 2026 via MarketBeat · Jefferies's track record
- RBC Capital Markets $347 → $370 by Jul 2027 Jul 15, 2026 via MarketBeat · RBC Capital Markets's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
JPMorgan Chase revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $96.6B | $100.7B | $108.8B | $115.7B | $120.0B | $121.6B | $128.7B | $158.1B | $177.6B | $182.4B |
| Growth (year over year) | +3.2% | +4.3% | +8.0% | +6.4% | +3.7% | +1.4% | +5.8% | +22.9% | +12.3% | +2.8% |
| Net income | $24.7B | $24.4B | $32.5B | $36.4B | $29.1B | $48.3B | $37.7B | $49.6B | $58.5B | $57.0B |
| Net margin | 25.6% | 24.3% | 29.9% | 31.5% | 24.3% | 39.7% | 29.3% | 31.3% | 32.9% | 31.3% |
| EPS (diluted) | $6.19 | $6.31 | $9.00 | $10.72 | $8.88 | $15.36 | $12.09 | $16.23 | $19.75 | $20.02 |
| Balance sheet | ||||||||||
| Cash and equivalents | $391.2B | $431.3B | $278.8B | $263.6B | $527.6B | $740.8B | $567.2B | $624.2B | $469.3B | $343.3B |
| Total assets | $2.49T | $2.53T | $2.62T | $2.69T | $3.38T | $3.74T | $3.67T | $3.88T | $4.00T | $4.42T |
| Total liabilities | $2.24T | $2.28T | $2.37T | $2.43T | $3.11T | $3.45T | $3.37T | $3.55T | $3.66T | $4.06T |
| Shareholders' equity | $254.2B | $255.7B | $256.5B | $261.3B | $279.4B | $294.1B | $292.3B | $327.9B | $344.8B | $362.4B |
| Cash flow | ||||||||||
| Operating cash flow | $21.9B | −$10.8B | $15.6B | $4.09B | −$79.9B | $78.1B | $107.1B | $13.0B | −$42.0B | −$147.8B |
| Dividends paid | $8.48B | $8.99B | $10.1B | $12.3B | $12.7B | $12.9B | $13.6B | $13.5B | $14.8B | $16.6B |
| Share buybacks | $9.08B | $15.4B | $20.0B | $24.0B | $6.52B | $18.4B | $3.16B | $9.82B | $18.8B | $31.6B |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $42.7B | $42.8B | $45.3B | $44.9B | $46.4B | $45.8B | $49.8B | $57.3B |
| Growth (year over year) | +7.0% | +10.9% | +8.1% | −10.5% | +8.8% | +7.1% | +10.0% | +27.7% |
| Net income | $12.9B | $14.0B | $14.6B | $15.0B | $14.4B | $13.0B | $16.5B | $21.2B |
| Net margin | 30.2% | 32.7% | 32.3% | 33.4% | 31.0% | 28.4% | 33.1% | 36.9% |
| EPS (diluted) | $4.37 | $4.82 | $5.07 | $5.24 | $5.07 | $4.64 | $5.94 | $7.70 |
| Balance sheet | ||||||||
| Cash and equivalents | $434.3B | $469.3B | $425.9B | $420.3B | $303.4B | $343.3B | $312.1B | $309.8B |
| Total assets | $4.21T | $4.00T | $4.36T | $4.55T | $4.56T | $4.42T | $4.90T | $5.02T |
| Total liabilities | $3.86T | $3.66T | $4.01T | $4.20T | $4.20T | $4.06T | $4.54T | $4.64T |
| Shareholders' equity | $345.8B | $344.8B | $351.4B | $356.9B | $360.2B | $362.4B | $364.0B | $374.6B |
| Cash flow | ||||||||
| Operating cash flow | −$74.1B | $147.8B | −$251.8B | $29.5B | −$45.2B | $119.7B | −$211.8B | −$25.3B |
| Dividends paid | $3.65B | $3.86B | $3.82B | $4.21B | $4.18B | $4.42B | $4.37B | $4.34B |
| Share buybacks | $6.36B | $4.30B | $7.53B | $7.51B | $8.29B | $8.26B | $8.32B | $6.79B |
From JPMorgan Chase's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
JPMorgan Chase vs the Financials sector and the S&P 500
JPMorgan Chase's latest reported figures next to the median of the other 75 S&P 500 Financials companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | JPMorgan Chase | Financials (75 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +2.8% | +7.2% | +7.0% |
| Net margin, latest fiscal year | 31.3% | 19.3% | 12.9% |
| Dividend per share, latest fiscal year | $5.80 | $2.35 | $2.40 |
| Share price change, 1 year | +10.3% | +5.0% | +5.6% |
JPMorgan Chase: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, JPMorgan Chase included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 75/496, net margin 75/496, dividend per share 61/349, 1-year price change 75/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 61 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.
About JPMorgan Chase
JPMorgan Chase & Co. is an American multinational banking institution headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States, and the world's largest bank by market capitalization as of 2026. As the largest of the Big Four banks in America, the firm is considered systemically important by the Financial Stability Board. Its size and scale have often led to enhanced regulatory oversight as well as the development of an internal "Fortress Balance Sheet".
Source: Wikipedia — JPMorgan Chase
- Headquarters
- New York, New York From SEC filings, Oct 2026
Company profile
JPMorgan Chase & Co. (JPMorganChase), a financial holding company incorporated under Delaware law in 1968, describes itself in its annual report for fiscal 2025 (Form 10-K) as a leading financial services firm based in the United States with operations worldwide, with $4.4 trillion in assets and $362.4 billion in stockholders' equity at December 31, 2025. The 10-K says it is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management, serving customers under the J.P. Morgan and Chase brands. Its principal bank subsidiary is JPMorgan Chase Bank, National Association, with U.S. branches in 48 states and Washington, D.C., and its principal non-bank subsidiary is the U.S. broker-dealer J.P. Morgan Securities LLC. Its common stock trades on the New York Stock Exchange under the symbol JPM.
For fiscal 2025 the consolidated statements of income report total net revenue of $182,447 million on the reported (U.S. GAAP) basis: net interest income of $95,443 million and noninterest revenue of $87,004 million. The provision for credit losses was $14,212 million, total noninterest expense $95,640 million, net income $57,048 million and diluted earnings per share $20.02. On the managed basis, a non-GAAP presentation that the 10-K says includes reclassifications to present revenue on a fully taxable-equivalent basis, total net revenue was $185,581 million. The provision included a $2.2 billion provision for lending-related commitments related to the Apple Card transaction: on January 7, 2026 the firm announced that Chase will become the new issuer of Apple Card, and on December 30, 2025 it entered into a forward purchase commitment to acquire the Apple credit card portfolio, with an expected closing in approximately 24 months (10-K).
At December 31, 2025 the firm reported total assets of $4,424,900 million, loans of $1,493,429 million, deposits of $2,559,320 million and total stockholders' equity of $362,438 million; its Standardized common equity Tier 1 (CET1) capital ratio was 14.6% and book value per share $126.99. It declared cash dividends of $5.80 per share for 2025 and repurchased 114.4 million shares of common stock for an aggregate purchase price of $31,640 million, excluding excise tax and commissions (10-K).
According to its 10-Q for the quarter ended June 30, 2026 (unaudited), total net revenue was $57,347 million in the second quarter of 2026 on the reported basis ($58,022 million on the managed basis) and $107,183 million in the first half. Second-quarter net income was $21,155 million and diluted earnings per share $7.70. The quarter included a $4.6 billion net gain related to Visa shares, recorded after Visa accepted the firm's tender of its 18.6 million Visa Class B-2 common shares on May 11, 2026 in an exchange offer, and $1.0 billion of gains on certain equity investments. At June 30, 2026 total assets were $5,015,069 million, deposits $2,713,700 million, loans $1,542,462 million and total stockholders' equity $374,598 million (10-Q).
On June 24, 2026 the firm announced that its Board of Directors intends to increase the quarterly common stock dividend to $1.65 per share, from the current $1.50, for the third quarter of 2026, and had authorized a new common share repurchase program of $50 billion, effective July 1, 2026. The same release said its Stress Capital Buffer requirement of 2.5% will remain unchanged through September 30, 2027, so its Standardized CET1 capital ratio requirement including regulatory buffers continues to be 11.5% (Form 8-K). On June 25, 2026 it announced that Doug Petno and Troy Rohrbaugh, Co-CEOs of the Commercial & Investment Bank, had been elected Co-Presidents of the firm; Mr. Petno becomes sole CEO of the CIB and Mr. Rohrbaugh CEO of Consumer & Community Banking, and Marianne Lake, CEO of CCB, decided to retire (Form 8-K). The 10-Q repeats the outlook management gave on July 14, 2026 for full year 2026: net interest income of approximately $105.5 billion and adjusted expense, a non-GAAP measure, of approximately $107.5 billion, market dependent (company projection, as reported).
James Dimon has been Chairman of the Board since December 2006 and Chief Executive Officer since December 2005, and Jeremy Barnum has been Chief Financial Officer since May 2021, according to the 10-K's list of executive officers. The firm had 318,512 employees at December 31, 2025, located in 66 countries with 58% in the U.S. (10-K), and 320,560 at June 30, 2026 (10-Q). Its headquarters is at 270 Park Avenue in New York City, a 60-story office building owned by the firm (10-K).
Revenue by fiscal year, as reported in 10-K
| Fiscal year | Revenue (as reported in 10-K) | Reported as | Filed |
|---|---|---|---|
| 2021 | $121,649 million5 | Form 10-K for fiscal year 2021 (year ended December 31, 2021), total net revenue on the reported (U.S. GAAP) basis, in millions as filed | Feb 22, 2022 |
| 2022 | $128,695 million6 | Form 10-K for fiscal year 2022 (year ended December 31, 2022), total net revenue on the reported (U.S. GAAP) basis, in millions as filed | Feb 21, 2023 |
| 2023 | $158,104 million7 | Form 10-K for fiscal year 2023 (year ended December 31, 2023), total net revenue on the reported (U.S. GAAP) basis, in millions as filed | Feb 16, 2024 |
| 2024 | $177,556 million8 | Form 10-K for fiscal year 2024 (year ended December 31, 2024), total net revenue on the reported (U.S. GAAP) basis, in millions as filed | Feb 14, 2025 |
| 2025 | $182,447 million1 | Form 10-K for fiscal year 2025 (year ended December 31, 2025), total net revenue on the reported (U.S. GAAP) basis, in millions as filed | Feb 13, 2026 |
Products
Consumer & Community Banking
| Name | Released | What it is |
|---|---|---|
| Consumer Banking and Business Banking | — | Part of Banking & Wealth Management, which offers deposit, investment and lending products, cash management, payments and services. CCB serves consumers and small businesses through bank branches, ATMs, digital (including mobile and online) and telephone banking (10-K).1 |
| J.P. Morgan Wealth Management | — | Part of CCB's Banking & Wealth Management. The 10-K counts client investment assets in J.P. Morgan Wealth Management, together with AWM's Global Private Bank, in its Firmwide Wealth Management metrics.1 |
| Home Lending Production | — | Mortgage origination. The 10-Q lists two origination channels: Retail, where borrowers buy or refinance a home through a mortgage banker employed by the firm, via a branch, the internet or phone; and Correspondent, banks and other lenders that sell closed loans to the firm.2 |
| Home Lending Servicing | — | Mortgage servicing: the 10-Q says net mortgage servicing revenue includes operating revenue earned from servicing third-party mortgage loans, recognized over the period in which the service is provided.2 |
| Real Estate Portfolios | — | Part of Home Lending: portfolios consisting of residential mortgages and home equity loans, according to the 10-K for fiscal 2025.1 |
| Card Services (credit cards) | — | Card Services issues credit cards and offers payment solutions, travel services, merchant offers and lifestyle benefits (10-K).1 |
| Co-branded credit cards | — | The 10-K says the firm has agreements with numerous co-brand partners that grant it exclusive rights to issue co-branded credit card products and market them to the partners' customers; the terms of these agreements generally range from five to ten years.1 |
| Apple Card (Chase to become issuer) | — | On January 7, 2026 the firm announced that Chase will become the new issuer of Apple Card. It entered into a forward purchase commitment on December 30, 2025 to acquire the Apple credit card portfolio, with an expected closing in approximately 24 months (10-K).1 |
| Auto loans and leases | — | Auto, part of Card Services & Auto, originates and services auto loans and leases, according to the 10-K for fiscal 2025.1 |
Commercial & Investment Bank
| Name | Released | What it is |
|---|---|---|
| Investment Banking | — | Part of Banking & Payments: advising on corporate strategy and structure, and capital-raising in equity and debt markets. The 10-Q says investment banking fees represent advisory, equity underwriting, bond underwriting and loan syndication fees.2 |
| Payments | — | Part of Banking & Payments: cash management solutions, including services that enable clients to manage payments globally across liquidity and account solutions, commerce solutions, clearing, trade and working capital (10-Q).2 |
| Lending | — | Part of Banking & Payments. The 10-Q says Lending revenue comes from a variety of financing alternatives, including on a secured basis.2 |
| Commercial Banking (client coverage) | — | A client coverage segment within Banking & Payments that provides banking products and services to start-ups, small and mid-sized companies, local governments, municipalities and nonprofits, as well as commercial real estate clients (10-Q).2 |
| Global Corporate Banking & Global Investment Banking | — | A client coverage segment within Banking & Payments that provides banking products and services generally to large corporations, financial institutions and merchants (10-Q).2 |
| Fixed Income Markets | — | Part of Markets & Securities Services: market-making and lending across global fixed income markets, including foreign exchange, interest rate, credit and commodities markets (10-Q).2 |
| Equity Markets | — | Part of Markets & Securities Services: market-making and lending across global equity markets, including cash, derivative and prime brokerage products (10-Q).2 |
| Securities Services | — | Part of Markets & Securities Services. The 10-Q says its core product offering is organized into four key areas: custody, fund services, liquidity and trading services, and data solutions, marketed primarily to institutional investors.2 |
Asset & Wealth Management
| Name | Released | What it is |
|---|---|---|
| Asset Management | — | Multi-asset investment management solutions across equities, fixed income, alternatives and money market funds to institutional and retail investors (10-Q).2 |
| Global Private Bank | — | Retirement products and services, brokerage, custody, trusts and estates, loans, mortgages, deposits and investment management for high net worth clients, according to the 10-Q for the quarter ended June 30, 2026.2 |
| Stock Plan Administration | — | An equity plan administration business, acquired in 2022 with the firm's purchase of Global Shares, reported among AWM's selected metrics (10-Q).2 |
Corporate
| Name | Released | What it is |
|---|---|---|
| Chase U.K. | — | One of the firm's international consumer initiatives, reported in Other Corporate (10-K). Separately, the 10-K says the firm operates a retail bank in the U.K. through J.P. Morgan Europe Limited, regulated by the PRA and the FCA.1 |
| Chase Europe | May 2026 | An international consumer initiative reported in Other Corporate, which the 10-Q for the quarter ended June 30, 2026 says was launched in Germany in May 2026.2 |
| J.P. Morgan Personal Investing (formerly Nutmeg) | — | An international consumer initiative reported in Other Corporate. The 10-K says the firm provides retail investment management services in the U.K. through J.P. Morgan Personal Investing Limited, regulated by the FCA.1 |
Segments and products
- Consumer & Community Banking (CCB): The 10-K says Consumer & Community Banking offers products and services to consumers and small businesses through bank branches, ATMs, digital (including mobile and online) and telephone banking, and is organized into Banking & Wealth Management, Home Lending and Card Services & Auto. Segment results are presented on a managed basis. For fiscal 2025 CCB reported total net revenue of $76,029 million (Banking & Wealth Management $42,862 million, Home Lending $4,966 million, Card Services & Auto $28,201 million) and net income of $18,245 million. At December 31, 2025 it had 86.6 million consumer customers, 7.4 million small business customers and 5,083 branches (10-K).1
- Commercial & Investment Bank (CIB): The 10-K says the Commercial & Investment Bank is comprised of the Banking & Payments and Markets & Securities Services businesses, which offer investment banking, lending, payments, market-making, financing, custody and securities products and services to a global base of corporate and institutional clients. For fiscal 2025, on a managed basis, CIB reported total net revenue of $78,454 million and net income of $27,761 million. Banking & Payments revenue was $37,136 million (Investment Banking $10,198 million, Payments $19,331 million, Lending $7,601 million, Other $6 million) and Markets & Securities Services revenue $41,318 million (Fixed Income Markets $22,532 million, Equity Markets $13,250 million, Securities Services $5,599 million, Credit Adjustments & Other $(63) million) (10-K).1
- Asset & Wealth Management (AWM): The 10-K describes Asset & Wealth Management, with client assets of $7.1 trillion, as a global leader in investment and wealth management, made up of Asset Management, which offers multi-asset investment management solutions to institutional and retail investors, and Global Private Bank, which serves high net worth clients. For fiscal 2025, on a managed basis, AWM reported total net revenue of $24,073 million and net income of $6,522 million. At December 31, 2025 assets under management were $4,791 billion and total client assets $7,118 billion (10-K).1
- Corporate: The 10-K says Corporate consists of Treasury and Chief Investment Office (CIO), which is predominantly responsible for measuring, monitoring, reporting and managing the firm's liquidity, funding, capital, structural interest rate and foreign exchange risks, and Other Corporate, which includes staff functions and expense that is centrally managed. For fiscal 2025, on a managed basis, Corporate reported total net revenue of $7,025 million (Treasury and CIO $6,501 million, Other Corporate $524 million) and net income of $4,520 million, compared with total net revenue of $17,394 million in fiscal 2024, which included the $7.9 billion net gain related to Visa shares recorded in the second quarter of 2024 (10-K).1
- Segments in the second quarter of 2026 (managed basis, unaudited): For the three months ended June 30, 2026 the 10-Q reports total net revenue on a managed basis of $20,272 million for Consumer & Community Banking, $24,853 million for the Commercial & Investment Bank, $6,851 million for Asset & Wealth Management and $6,046 million for Corporate, with net income of $5,311 million, $9,678 million, $1,957 million and $4,209 million respectively. Corporate's quarter included the $4.6 billion net gain related to Visa shares. AWM's assets under management were $5.1 trillion and client assets $7.7 trillion (10-Q, unaudited).2
- 2024 reorganization of the reportable segments: The 10-K for fiscal 2024 says that, effective in the second quarter of 2024, JPMorganChase reorganized its reportable business segments by combining the former Corporate & Investment Bank and Commercial Banking business segments to form one reportable segment, the Commercial & Investment Bank, leaving three reportable business segments (CCB, CIB and AWM) with the remaining activities in Corporate.8
Risks
- Regulation and supervision: The 10-K says JPMorganChase's businesses are highly regulated and are significantly affected by applicable law and supervisory expectations, and that it has in the past and could in the future be required to modify its business and operations in response to changes in applicable law, regulatory decisions or supervisory expectations (10-K, Item 1A).1
- Litigation, investigations and enforcement: The firm says it faces significant legal risks from civil and governmental proceedings, including litigation, investigations and enforcement actions, and that the extent of its exposure to legal matters is unpredictable and could, in some cases, exceed the amount of reserves it has established for those matters (10-K, Item 1A).1
- Economic, political and geopolitical conditions: The 10-K says the firm's businesses could be negatively affected by economic uncertainty resulting from political and geopolitical developments, and that adverse economic and market events and conditions could negatively affect its results of operations and its investment and market-making positions (10-K, Item 1A).1
- Interest rates and credit: The firm says changes in interest rates and credit spreads could adversely affect its earnings or its liquidity and capital levels, and that it could incur significant losses arising from concentrations of credit and market risk. It adds that widespread defaults on consumer debt could lead to recessionary conditions in the U.S. economy (10-K, Item 1A).1
- Liquidity, holding company structure and capital: The 10-K says JPMorgan Chase & Co. is a holding company and depends on its subsidiaries for funding to make payments on its outstanding securities, that its ability to operate its businesses could be impaired if its liquidity is constrained, and that its ability to distribute capital to shareholders could be limited if it does not satisfy applicable regulatory capital requirements. It also says holders of its debt and equity securities will absorb losses if it were to enter into a resolution (10-K, Item 1A).1
- Cyber attacks and operational systems: The firm says it experiences numerous cyber attacks on its computer systems, software, networks and other technology assets, that it has experienced security breaches due to cyber attacks in the past and future breaches are inevitable, and that its businesses could be adversely affected by the failure or disruption of operational systems on which they depend (10-K, Item 1A).1
- Competition and advanced technologies such as AI: The 10-K says competition in the financial services industry could lead to negative effects on the firm's results of operations, with new competitors continuing to emerge, and that its operations, results and competitive standing could be adversely affected by the development of advanced technologies such as AI, including generative and agentic AI systems (10-K, Item 1A).1
Frequently asked questions
- What does JPMorgan Chase do?
- JPMorgan Chase & Co. is a financial holding company that describes itself as a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management, operating under the J.P. Morgan and Chase brands. It reports three business segments, Consumer & Community Banking, Commercial & Investment Bank and Asset & Wealth Management, with the remaining activities in Corporate (10-K for fiscal 2025).
- How much revenue did JPMorgan Chase make in 2025?
- Total net revenue was $182,447 million for fiscal 2025 on the reported (U.S. GAAP) basis, compared with $177,556 million in fiscal 2024, according to its 10-K. On the managed basis, a non-GAAP presentation that puts revenue on a fully taxable-equivalent basis, total net revenue was $185,581 million.
- What is the difference between reported and managed revenue at JPMorgan Chase?
- Reported figures follow U.S. GAAP. The firm's managed basis starts with the reported results and includes reclassifications to present total net revenue on a fully taxable-equivalent basis; it is a non-GAAP measure, and the firm presents its segment results on a managed basis (10-K for fiscal 2025).
- How much did JPMorgan Chase earn in 2025?
- Net income was $57,048 million for fiscal 2025, or $20.02 per diluted share, compared with $58,471 million in fiscal 2024, according to its 10-K.
- What were JPMorgan Chase's latest quarterly results?
- For the quarter ended June 30, 2026, its 10-Q (unaudited) reports total net revenue of $57,347 million on the reported basis and net income of $21,155 million, or $7.70 per diluted share. The quarter included a $4.6 billion net gain related to Visa shares and $1.0 billion of gains on certain equity investments.
- How big is JPMorgan Chase's balance sheet?
- Total assets were $4,424,900 million and deposits $2,559,320 million at December 31, 2025 (10-K), and $5,015,069 million and $2,713,700 million at June 30, 2026 (10-Q, unaudited).
- What dividend does JPMorgan Chase pay?
- It declared cash dividends of $5.80 per share for 2025 (10-K) and a quarterly dividend of $1.50 per share in the first half of 2026 (10-Q). On June 24, 2026 it announced that its Board of Directors intends to increase the quarterly common stock dividend to $1.65 per share for the third quarter of 2026; dividends are subject to approval by the Board of Directors at the customary times they are declared (Form 8-K).
- Does JPMorgan Chase buy back its own shares?
- Yes. It repurchased 114.4 million shares of common stock in 2025 for an aggregate purchase price of $31,640 million, excluding excise tax and commissions (10-K). On June 24, 2026 it announced that its Board of Directors had authorized a new common share repurchase program of $50 billion, effective July 1, 2026, to be used at management's discretion (Form 8-K).
- What is the Apple Card transaction?
- On January 7, 2026 JPMorganChase announced that Chase will become the new issuer of Apple Card. On December 30, 2025 it entered into a forward purchase commitment to acquire the Apple credit card portfolio, with an expected closing in approximately 24 months, and its fiscal 2025 provision for credit losses included a $2.2 billion provision for lending-related commitments related to the transaction (10-K).
- Who runs JPMorgan Chase?
- James Dimon is Chairman of the Board, since December 2006, and Chief Executive Officer, since December 2005, and Jeremy Barnum is Chief Financial Officer, since May 2021 (10-K). On June 25, 2026 the firm announced that Doug Petno and Troy Rohrbaugh had been elected Co-Presidents, with Mr. Petno as sole CEO of the Commercial & Investment Bank and Mr. Rohrbaugh as CEO of Consumer & Community Banking (Form 8-K).
- How many employees does JPMorgan Chase have?
- The firm had 318,512 employees at December 31, 2025, located in 66 countries with 58% in the U.S., according to its 10-K, and 320,560 at June 30, 2026, according to its 10-Q.
Sources
- JPMorgan Chase & Co. (SEC filing), JPMorgan Chase & Co. Form 10-K for the fiscal year ended December 31, 2025, Feb 13, 2026
- JPMorgan Chase & Co. (SEC filing), JPMorgan Chase & Co. Form 10-Q for the quarterly period ended June 30, 2026 (unaudited), Aug 6, 2026
- JPMorgan Chase & Co. (SEC filing), JPMorgan Chase & Co. Form 8-K, Item 8.01, Exhibit 99: press release dated June 24, 2026, "JPMorganChase Plans Dividend Increase and Has Authorized a New Common Share Repurchase Program", Jun 24, 2026
- JPMorgan Chase & Co. (SEC filing), JPMorgan Chase & Co. Form 8-K, Item 5.02: Doug Petno and Troy Rohrbaugh elected Co-Presidents, announced June 25, 2026, Jun 25, 2026
- JPMorgan Chase & Co. (SEC filing), JPMorgan Chase & Co. Form 10-K for the fiscal year ended December 31, 2021, Feb 22, 2022
- JPMorgan Chase & Co. (SEC filing), JPMorgan Chase & Co. Form 10-K for the fiscal year ended December 31, 2022, Feb 21, 2023
- JPMorgan Chase & Co. (SEC filing), JPMorgan Chase & Co. Form 10-K for the fiscal year ended December 31, 2023, Feb 16, 2024
- JPMorgan Chase & Co. (SEC filing), JPMorgan Chase & Co. Form 10-K for the fiscal year ended December 31, 2024, Feb 14, 2025
Figures last checked against the sources above on . General information, not investment advice.
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