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
Slide 2: 1Q25 Financial highlights
1Q25 Financial highlights CET1 capital ratios2 Std. RWA3 $1.8T ROTCE1 15.4% | Adv. 15.5% Std. Cash and marketable securities4$1.5T 21% Total Loss-Absorbing Capacity $558B Average loans $1.3T 2 ⚫ 1Q25 net income of $14.6B and EPS of $5.07 Income statement ⚫ Managed revenue of $46.0B5 ⚫ Expense of $23
Slide 3: 1Q25 Financial results
1Q25 Financial results1 $B, EXCEPT PER SHARE DATA $ O/(U) 1Q25 4Q24 1Q24 Net interest income $23.4 ($0.1) $0.2 Noninterest revenue 22.6 2.4 3.3 Managed revenue 1 $B 1Q25 4Q24 1Q24 46.0 2.3 3.5 Net charge-offs $2.3 $2.4 $2.0 Expense Reserve build/(release) 1.0 0.3 (0.1) 23.6 0.8 0.8 Credit costs Cred
Slide 4: 1Q25 Reserves
1Q25 Reserves ALLOWANCE FOR CREDIT LOSSES ($B) 1Q25 Mar 31, 2024 Dec 31, 2024 Build / (release) Mar 31, 2025 Consumer Card $12.6 $14.6 $0.4 $15.0 Home Lending 0.5 0.5 0.1 0.6 Other Consumer1 1.3 1.4 (0.1) 1.3 Total Consumer 14.4 16.5 0.4 16.9 Wholesale1 9.8 10.0 0.5 10.5 Securities 0.2 0.2 (0.0) 0.1
Slide 5: Fortress balance sheet
Fortress balance sheet $B, EXCEPT PER SHARE DATA STANDARDIZED CET1 RATIO1 1Q25 4Q24 1Q24 1 82 bps Risk-based capital metrics CET1 capital $280 $276 $258 CET1 capital ratio – Standardized 15.4% 15.7% 15.0% 15.7% (63 bps) CET1 capital ratio – Advanced 15.5 15.8 15.3 8 bps 15.4% Basel III Standardized
Slide 6: Consumer & Community Banking
CCB CIB AWM Corp. Consumer & Community Banking1 SELECTED INCOME STATEMENT DATA ($MM) FINANCIAL PERFORMANCE $ O/(U) ⚫ Net income of $4.4B, down 8% YoY 1Q25 4Q24 1Q24 ⚫ Revenue of $18.3B, up 4% YoY, driven by higher net interest income in 2 Revenue $18,313 ($49) $660 Card Services on higher revolving
Slide 7: Commercial & Investment Bank
CCB CIB AWM Corp. Commercial & Investment Bank1,2 SELECTED INCOME STATEMENT DATA ($MM) FINANCIAL PERFORMANCE $ O/(U) ⚫ Net income of $6.9B, up 5% YoY; revenue of $19.7B, up 12% YoY ⚫ Banking & Payments revenue 1Q25 4Q24 1Q24 ⚫ IB revenue of $2.3B, up 2% YoY; IB fees up 12% YoY, driven by higher debt
Slide 8: Asset & Wealth Management
CCB CIB AWM Corp. Asset & Wealth Management1 SELECTED INCOME STATEMENT DATA ($MM) FINANCIAL PERFORMANCE ⚫ Net income of $1.6B, up 23% YoY $ O/(U) ⚫ Revenue of $5.7B, up 12% YoY, predominantly driven by growth in 1Q25 4Q24 1Q24 management fees on strong net inflows and higher average market levels, R
Slide 9: Corporate
CCB CIB AWM Corp. Corporate1 SELECTED INCOME STATEMENT DATA ($MM) FINANCIAL PERFORMANCE ⚫ Revenue of $2.3B, up $102mm YoY $ O/(U) ⚫ Net interest income of $1.7B, down $826mm YoY, driven by the impact 1Q25 4Q24 1Q24 of lower rates and changes in funds transfer pricing2 for consumer deposits, partiall
Slide 10: Outlook
Outlook1 FIRMWIDE Expect FY2025 net interest income of ~$94.5B, market dependent Expect FY2025 net interest income excluding Markets of ~$90B, market dependent Expect FY2025 adjusted expense of ~$95B, market dependent – Adjusted expense excludes Firmwide legal expense Expect FY2025 Card Services NCO
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