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JPMorgan Chase & Co. (JPM) Q2 2025 Earnings Call Transcript

JPMorgan Chase & Co. (JPM) Q2 2025 Earnings Call Transcript
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JPMorgan Chase & Co. (NYSE:JPM) Q2 2025 Earnings Conference Call July 15, 2025 8:30 AM ET

Company Participants

James Dimon – Chairman & CEOJeremy Barnum – Executive VP & CFO

Conference Call Participants

Betsy Lynn Graseck – Morgan Stanley, Research DivisionChristoph M. Kotowski – Oppenheimer & Co. Inc., Research DivisionChristopher Edward McGratty – Keefe, Bruyette, & Woods, Inc., Research DivisionEbrahim Huseini Poonawala – BofA Securities, Research DivisionErika Najarian – UBS Investment Bank, Research DivisionGerard Sean Cassidy – RBC Capital Markets, Research DivisionGlenn Paul Schorr – Evercore ISI Institutional Equities, Research DivisionJames Francis Mitchell – Seaport Research PartnersJohn Eamon McDonald – Truist Securities, Inc., Research DivisionKenneth Michael Usdin – Bernstein Autonomous LLPMatthew Derek O’Connor – Deutsche Bank AG, Research DivisionMichael Lawrence Mayo – Wells Fargo Securities, LLC, Research DivisionSaul Martinez – HSBC Global Investment ResearchSteven A. Alexopoulos – TD Cowen, Research Division

Operator

Good morning, ladies and gentlemen. Welcome to JPMorgan Chase’s Second Quarter 2025 Earnings Call. This call is being recorded. [Operator Instructions] We will now go live to the presentation. The presentation is available on JPMorgan Chase’s website. Please refer to the disclaimer in the back concerning forward-looking statements. Please stand by.

At this time, I would like to turn the call over to JPMorgan Chase’s Chairman and CEO, Jamie Dimon; and Chief Financial Officer, Jeremy Barnum. Mr. Barnum, please go ahead.

Jeremy Barnum

Thank you very much, and good morning, everyone. This quarter, the firm reported net income of $15 billion, EPS of $5.24 on revenue of $45.7 billion, with an ROTCE of 21%. These results included an income tax benefit of $774 million, which we described in more detail in the earnings press release.

On the next page, we have some more detail. The firm



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