JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) reported robust third quarter earnings, topping Wall Street expectations across key metrics as the bank demonstrated strength across its business lines.
The bank reported net income of $14.39 billion, or $5.07 per share, surpassing analysts’ projected range of $4.84 to $4.87.
Total managed revenue reached $47.12 billion, above the expected $45.4 billion.
Trading revenue set new records, with total markets revenue up 25% year-over-year to $8.9 billion.
Fixed income trading rose 21% and equity trading increased 33%, each exceeding estimates by roughly $300 million.
Investment banking fees grew 16% year-over-year, driven by a rebound in deal-making activity.
In the consumer & community banking segment, average loans rose 1% year-over-year, debit and credit card sales volumes increased 9%, and active mobile customers were up 7%.
Corporate & investment banking saw a 1% increase in average loans and a 15% rise in client deposits, while asset & wealth management reported assets under management of $4.6 trillion, up 18% from the prior year.
JPMorgan also raised its net interest income forecast for 2025 to $95.8 billion from its previous guidance of $95.5 billion, reflecting favorable market conditions and its ongoing financial strength.
The bank's net interest income for Q3 2025 was about $24.1 billion, a 2% rise from the year-ago quarter.
JPMorgan CEO Jamie highlighted that each of the company’s business lines performed well during Q3.
Dimon added that while there have been signs of softening, notably in job growth, the US economy has “generally remained resilient.”
“However, there continues to be a heightened degree of uncertainty stemming from complex geopolitical conditions, tariffs and trade uncertainty, elevated asset prices and the risk of sticky inflation,” Dimon said. “As always, we hope for the best, but these complex forces reinforce why we prepare the firm for a wide range of scenarios.”
Despite the strong report, shares of JPMorgan fell 1.1% at Tuesday’s opening bell.