Jp Morgan Chase & Co. · NYSE:JPM
Jp Morgan Chase & — Q1 2025 Earnings Presentation
14 slides from Jp Morgan Chase &'s earnings presentation, Apr 11, 2025
Slide 1: 1Q25 Financial Results
April 11, 2025 1Q25 Financial Results Exhibit 99
Slide 2: 1Q25 Financial highlights
1Q25 Financial highlights 1 See note 3 on slide 10 2 Represents the estimated Basel III common equity Tier 1 (“CET1”) capital and ratio and Total Loss-Absorbing Capacity for the current period. See note 1 on slide 11 3 Standardized risk-weighted assets (“RWA”). Estimated for the current period. See
Slide 3: 1Q25 Financial results
1Q25 4Q24 1Q24 Net interest income $23.4 ($0.1) $0.2 Noninterest revenue 22.6 2.4 3.3 Managed revenue1 46.0 2.3 3.5 Expense 23.6 0.8 0.8 Credit costs 3.3 0.7 1.4 Net income $14.6 $0.6 $1.2 Net income applicable to common stockholders $14.3 $0.6 $1.4 EPS – diluted $5.07 $0.26 $0.63 ROE2 18% 17% 17% R
Slide 4: 1Q25 Reserves
Consumer Card $12.6 $14.6 $0.4 $15.0 Home Lending 0.5 0.5 0.1 0.6 Other Consumer 1 1.3 1.4 (0.1) 1.3 Total Consumer 14.4 16.5 0.4 16.9 Wholesale 1 9.8 10.0 0.5 10.5 Securities 0.2 0.2 (0.0) 0.1 Firmwide 2 $24.4 $26.6 $1.0 $27.6 1Q25 Build / (release) Mar 31, 2025Dec 31, 2024Mar 31, 2024 Note: Totals
Slide 5: Fortress balance sheet
1,757 (1) 15 46 4Q24 Lending Market Risk Credit Risk ex. Lending 1Q25 1,818 Fortress balance sheet $B, EXCEPT PER SHARE DATA STANDARDIZED RISK-WEIGHTED ASSETS ($B)1 Note: Totals may not sum due to rounding 1 Estimated for the current period. See note 1 on slide 11 2 Estimated for the current period.
Slide 6: Consumer & Community Banking
Consumer & Community Banking1 CIB AWM Corp.CCB ⚫ Average loans up 1% YoY and down 1% QoQ ⚫ Average deposits down 2% YoY and flat QoQ ⚫ EOP deposits down 2% YoY and up 2% QoQ ⚫ Active mobile customers up 8% YoY ⚫ Debit & credit card sales volume up 7% YoY ⚫ Client investment assets up 7% YoY and down
Slide 7: Commercial & Investment Bank
REVENUE BY CLIENT COVERAGE SEGMENT ($MM) KEY DRIVERS / STATISTICS ($B)4 FINANCIAL PERFORMANCE Commercial & Investment Bank1,2 1 See note 1 on slide 10; For additional footnotes see slide 12 CCB CIB AWM Corp. SELECTED INCOME STATEMENT DATA ($MM) ⚫ Net income of $6.9B, up 5% YoY; revenue of $19.7B, up
Slide 8: Asset & Wealth Management
FINANCIAL PERFORMANCESELECTED INCOME STATEMENT DATA ($MM) Asset & Wealth Management1 1 See note 1 on slide 10 2 Actual numbers for all periods, not over/(under) CCB CIB AWM Corp. KEY DRIVERS / STATISTICS ($B)2 ⚫ Net income of $1.6B, up 23% YoY ⚫ Revenue of $5.7B, up 12% YoY, predominantly driven by
Slide 9: Corporate
Corporate1 1 See note 1 on slide 10 2 See note 3 on slide 11 3 See note 4 on slide 11 CCB CIB AWM Corp. SELECTED INCOME STATEMENT DATA ($MM) FINANCIAL PERFORMANCE $ O/(U) 1Q25 4Q24 1Q24 Revenue $2,304 $304 $102 Net interest income 2 1,651 (379) (826) Noninterest revenue 653 683 928 Expense 185 (365)
Slide 10: Outlook
Outlook1 1 See notes 1, 2 and 4 on slide 10 FIRMWIDE Expect FY2025 net interest income of ~$94.5B, market dependent Expect FY2025 net interest income excluding Markets of ~$90B, market dependent Expect FY2025 Card Services NCO rate of ~3.6% Expect FY2025 adjusted expense of ~$95B, market dependent –
Slide 11: Notes on non-GAAP financial measures
Notes on non-GAAP financial measures 1. In addition to analyzing the Firm’s results on a reported basis, management reviews Firmwide results, including the overhead ratio, on a “managed” basis; these Firmwide managed basis results are non-GAAP financial measures. The Firm also reviews the results of
Slide 12: Additional notes
Additional notes 1. As of January 1, 2025, the benefit from the Current Expected Credit Losses ("CECL") capital transition provision had been fully phased-out; as of December 31, 2024 and March 31, 2024, CET1 capital and Total Loss-Absorbing Capacity reflected the remaining $720mm CECL benefit. Refe
Slide 13: Additional notes on slides 5-6
Additional notes on slides 5-6 Slide 5 – Consumer & Community Banking 3. Actual numbers for all periods, not over/(under) 4. Users of all mobile platforms who have logged in within the past 90 days 5. Excludes Commercial Card 6. Firmwide mortgage origination volume was $11.2B, $14.2B and $7.6B for t
Slide 14: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of JPMorgan Chase & Co.’s management and are subject to significant risks an