J P Morgan Chase & Co
- JPMorgan Chase & Co. fell 0.7% to $286.55 after the New York-based bank reported an 18% decline in profit in the second quarter.
Consolidated revenue in the quarter decreased to $44.9 billion from $50.2 billion, net income dropped to $15 billion from $18.1 billion, and diluted earnings per share fell to $5.24 from $6.12 a year ago.
Fixed-income trading increased 14% to $5.7 billion, equities trading revenue rose 15% to $3.2 billion, and investment banking fees advanced 7% to $2.5 billion.
The bank said provision for credit losses was $2.8 billion, lower than the $3.1 billion estimated by analysts.
“Earlier this month, we announced that the Board intends to increase our common dividend for the second time this year, resulting in a 20% cumulative increase compared with the fourth quarter of 2024.
We also repurchased $7 billion of common stock.
We ended the quarter with a 15% CET1 ratio, which remains far in excess of our required capital levels. In addition, we have an extraordinary amount of liquidity, with $1.5 trillion of cash and marketable securities,” the company said in a statement to investors.
Jul 15, 2025
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