15 Oct 2025

J.P. Morgan Crushed Q3 Earnings Estimates as Wall Street’s Dealmaking and Trading Revenue Explosion Drive Revenue Beat

JPMorgan just beat Q3 2025 earnings with net income jumping 12% to $14.4B ($5.07/sh), vs estimates of $4.85-$4.87 per share Revenue climbed 9% year-over-year to $46.4 billion, topping the $45.3-$45.5 billion Street expected. What Drove This? - Investment Banking: IB fees surged 17% to $2.6B as JPM stays #1 on the IB deal making tables for fees - Trading: Trading revenues were also up 25% this quarter to $8.94B despite Q3 being generally slower in markets - Loans: Net Interest Income (NII) came in at $24.1B, up from previous quarters, management raised guidance for 2025 The bank maintained solid capital ratios with ROE at 17% and ROTCE at approximately 19-21% What Happens from Here? - CEO Jamie Dimon noted the U.S. economy showed resilience during Q3 but cautioned about “significant risks” - These include tariffs, trade uncertainty, geopolitical tensions, fiscal deficits, and elevated asset prices - He mentioned that JPM was prepared for a variety of outcomes $JPM JPMorganChase Q3 FY25. • Net revenue +9% Y/Y to $46.4B ($1.5B beat). • Net Income +12% Y/Y to $14.4B. • EPS: $5.07 ($0.23 beat). • FY25 NII ~$95.8B ($0.3B raise). Source: App Economy Insights @EconomyApp Perplexity Finance @PPLXfinance

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