)
Edge19 Sep 2025
American Express: An Empire of Plastic
How history, brand, and structure have steadily built American Express' moat, and why Warren Buffett still calls it a one-of-a-kind business.
JPMorgan Chase (JPM) investor relations material
JPMorgan Chase Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Oct, 2025
Executive summary
Net income for Q3 2025 was $14.4 billion, up 12% year-over-year, with EPS of $5.07 and ROTCE at 20%.
Revenue grew 9% year-over-year to $47.1 billion, driven by strong markets, investment banking, and asset management.
Return on equity was 17%, and average loans and deposits grew 7% and 6% year-over-year, respectively.
All major business segments posted double-digit net income growth, with notable gains in investment banking and markets.
Book value per share rose to $124.96, and tangible book value per share to $105.70.
Financial highlights
Net interest income was $24.1 billion, up 2% year-over-year; noninterest revenue was $23.0 billion, up 16%.
Expenses increased 8% year-over-year to $24.3 billion, mainly due to higher compensation, marketing, and volume-related costs.
Credit costs totaled $3.4 billion, with net charge-offs of $2.6 billion and a net reserve build of $810 million.
CET1 capital ratio was 14.8% (Standardized), with total assets at $4.56 trillion, up 8% year-over-year.
Markets revenue reached a record $8.9 billion, up 25% year-over-year.
Outlook and guidance
FY25 net interest income excluding Markets expected at ~$95 billion, with total NII at ~$25 billion for Q4.
Adjusted expense for FY25 implied at ~$95.9 billion, with Q4 forecasted at ~$24.5 billion.
Card Services net charge-off rate projected at ~3.3% for 2025.
Management highlighted ongoing macroeconomic uncertainty and is preparing for a wide range of scenarios.
Expense guidance for 2026 to be provided after budget cycle completion.
Credit cost outlook given macro uncertainty?
NII outlook given rate and margin pressures?
CIB Markets and IB fee growth sustainability?
How to assess NBFI lending risk in a downturn?
What are the key drivers of 2026 expense growth?
What are the most impactful regulatory changes?
Given recent events, assess NBFI lending risk
Explain the revised 2026 deposit growth outlook
How will AI impact 2026 expense growth?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next JPMorgan Chase earnings date
The BancAnalysts Association of Boston Conference6 Nov, 2025
Next JPMorgan Chase earnings date
The BancAnalysts Association of Boston Conference6 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Business Philosophy16 Oct 2023
The World’s Top CEOs: Lessons in Excellence
In today’s competitive corporate landscape, CEOs are the rudders guiding companies to success. Their choices and leadership styles often determine a company’s direction, growth, and culture. However, what makes a CEO stand out in the global arena? Let’s delve into the signs of excellence demonstrated by the world’s top CEOs.
)
Visual24 Oct 2025
The rise of Alphabet
Frequently asked questions
One of the oldest and largest financial institutions in the world
JP Morgan Chase is a multinational investment bank and financial services company headquartered in New York City. The company was formed in 2000 through the merger of J.P. Morgan & Co. and Chase Manhattan Corporation.
The investment banking division
JPMorgan Chase generates a big part of its revenue through its investment banking services, which include advising on mergers and acquisitions, underwriting securities offerings, and managing assets for institutional and retail clients. The company's investment banking division is consistently ranked among the top performers in the industry, with JP Morgan Chase serving as a trusted advisor to some of the largest corporations in the world.
Retail services
JP Morgan Chase also operates a consumer banking division, offering a range of retail services such as checking and savings accounts, credit cards, mortgages, and auto loans. The company has a significant presence in the United States, with over 4,700 branches and 16,000 ATMs across the country.
Wealth management services to individuals and institutions
JP Morgan Chase's asset management division offers wealth management services to individuals and institutions. The company manages a wide range of assets, including equities, fixed income securities, and alternative investments. JP Morgan Chase's asset management division is one of the largest in the world, with over $3 trillion in assets under management.
JP Morgan Chase’s main competitors
JP Morgan Chase operates in a highly competitive financial services industry, with other public companies such as Bank of America, Wells Fargo, and Citigroup also offering similar services. JP Morgan Chase is known for its strong brand reputation and its focus on innovation, with the company investing heavily in technology to improve its services and stay ahead of the competition.
Interesting facts about JP Morgan Chase
JP Morgan Chase has a long history and a significant impact on the financial industry. The company's namesake, John Pierpont Morgan, was one of the most influential financiers in history, playing a pivotal role in the development of the modern financial system.
JP Morgan Chase has also been involved in some of the most significant financial transactions in history, including the financing of the construction of the Titanic and the merger of Exxon and Mobil.
The company is known for its corporate social responsibility initiatives, including investments in affordable housing and small business development.
JP Morgan Chase is also a significant employer, with over 250,000 employees worldwide. The company has been recognized for its commitment to diversity and inclusion, and its efforts to create a more equitable workplace.
Despite facing criticism over issues such as its role in the 2008 financial crisis and its ties to fossil fuel companies, JP Morgan Chase remains a leader in the financial services industry and continues to shape the future of finance through its innovative approach to technology and sustainability.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage