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JPMorgan Chase Reports 7% Drop in Q4 2025 Profit

lite News Desk 2 min read

At a glance

  • JPMorgan Chase posted $13 billion net income for Q4 2025
  • Net profit fell 7% compared to the previous year
  • Lower investment banking fees and Apple Card provision affected results

JPMorgan Chase experienced a decrease in quarterly profit for the fourth quarter of 2025, with net income totaling $13 billion. The bank's financial results were influenced by specific business activities and market conditions during the period.

The reported 7% decline in net income was attributed to reduced investment banking fees and a provision related to the acquisition of Apple’s credit card portfolio from Goldman Sachs. The provision amounted to $2.2 billion and was a notable factor in the quarter’s performance.

Despite the decrease in overall profit, JPMorgan Chase saw gains in its trading operations. Equities trading revenue increased by 39%, reaching $2.9 billion, while fixed-income trading revenue rose by 7.5% to $5.4 billion.

The combination of lower-than-expected investment banking fees and the Apple Card-related provision contributed to the overall decline in net income, even as trading revenues improved in other areas of the bank’s business.

What the numbers show

  • Net income for Q4 2025 was $13 billion, or $4.63 per share
  • Equities trading revenue rose 39% to $2.9 billion
  • Fixed-income trading revenue increased 7.5% to $5.4 billion

The $2.2 billion provision related to the Apple Card portfolio acquisition represented a substantial one-time charge for the quarter. This acquisition involved transferring the credit card business from Goldman Sachs to JPMorgan Chase.

Investment banking fees were lower than anticipated, which affected the bank’s earnings for the quarter. These fees are a key component of revenue for large financial institutions and can fluctuate based on market activity and client demand.

CEO Jamie Dimon said the U.S. economy remains resilient, according to statements made during the release of the financial results. The company’s leadership addressed the financial performance and provided context for the results in relation to broader economic conditions.

JPMorgan Chase’s quarterly report highlighted both challenges and areas of growth within its operations. The bank’s trading divisions performed strongly, while other segments faced headwinds due to market factors and strategic business decisions.

* This article is based on publicly available information at the time of writing.

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