Business

JPMorgan Chase Reports an 11% Drop in Q2 Revenue to $44.9 Billion, Beats Expectations

JPMorgan Chase Q2 Financial Results Overview

JPMorgan Chase & Co. disclosed its second-quarter financial results for fiscal 2025, revealing a revenue of $44.9 billion. This marks an 11% decrease from the same quarter in the previous year, yet it still surpassed analysts' forecasts.

Annual Financial Performance

On an annual basis, the company experienced a 17% drop in net income, totaling $15 billion for the quarter. Additionally, diluted earnings per share saw a 14% reduction, settling at $5.24.

CEO Jamie Dimon's Insight

"The US economy demonstrated resilience during the quarter. While the completion of tax reform and potential deregulation bode well for the economic future, there are notable risks on the horizon. These include uncertainties surrounding tariffs and trade, deteriorating geopolitical scenarios, substantial fiscal deficits, and inflated asset prices," remarked CEO Jamie Dimon.

Market Reaction

Following the announcement, JPMorgan Chase's stock price experienced a 0.8% increase in pre-market trading, reaching $288.7 per share.