Sector: Financials|Industry: Banks - Diversified|Market Cap: $689.25B|Employees: 309.9K
JPMorgan Chase & Co. is a leading financial services firm with operations worldwide, offering investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management services. A leader in its key markets, the firm leverages its scale, product breadth, and technology platform to serve millions of customers in the U.S. and many of the world's most prominent corporate, institutional, and government clients globally.
For the six months ended June 30, 2025, Net Income was $29.630 billion, a 6% decrease from $31.568 billion in the prior year. This decline is largely attributed to the absence of a $7.9 billion net gain related to Visa shares and a $1.0 billion contribution of Visa shares to the Foundation recorded in Q2 2024 (Page 3, footnote f; Page 6).
Total net revenue for the six months ended June 30, 2025, was $90.222 billion, down 2% from $92.134 billion in the prior year. This was primarily due to a 6% decrease in noninterest revenue to $43.740 billion, offset by a 1% increase in net interest income to $46.482 billion (Page 3, Page 6). The noninterest revenue decline was heavily influenced by the absence of the $7.9 billion Visa gain from the prior year (Page 6).
Return on common equity (ROE) for the six months ended June 30, 2025, was 18%, down from 20% in the prior year. Similarly, Return on tangible common equity (ROTCE) decreased to 21% from 25%. However, the overhead ratio remained flat at 53% for the three months ended June 30, 2025, compared to 52% sequentially (Page 3).