Jamie Dimon
Chairman and Chief Executive Officer
Replay available
JP Morgan Chase & Co. (JPM) Q2 2025 Earnings Call
JP Morgan Chase & Co. (NYSE: JPM) Q2 2025 earnings conference call, held 2025-07-15. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Jeremy Barnum
Chief Financial Officer
Christopher McGrady
Analyst, QBW
Betsy Grasick
Analyst, Morgan Stanley
Investor Relations
JPMorgan Chase Investor Relations
Stephen Alexopoulos
Analyst, TD Cowen
Ibrahim Poonawalla
Analyst, Bank of America Merrill Lynch
John McDonald
Analyst, Truist Securities
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Jp Morgan Chase & Co..
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.836 quarter 2025 earnings call. This call is being recorded. 00:00:04.836 -- 00:00:07.278 Your line will be muted for the duration of the call. 00:00:07.278 -- 00:00:10.001 We will now go live to the presentation. 00:00:10.001 -- 00:00:14.145 The presentation is available on JPMorgan Chase's website. 00:00:14.145 -- 00:00:18.510 Please refer to the disclaimer in the back concerning forward-looking statements. 00:00:18.510 -- 00:00:23.675 Please stand by. At this time, I would like to turn the call over to JPMorgan Chase's 00:00:23.675 -- 00:00:28.634 Chairman and CEO, Jamie Dimon, and Chief Financial Officer, Jeremy Barnum. 00:00:28.634 -- 00:00:31.896 Mr. Barnum, please go ahead. 00:00:32.499 -- 00:00:35.063 Thank you very much, and good morning, everyone. 00:00:35.063 -- 00:00:40.591 This quarter, the firm reported net income of $15 billion, EPS of $5.24 on 00:00:40.591 -- 00:00:43.975 revenue of $45.7 billion, 00:00:43.975 -- 00:00:49.223 and an ROTCE of 21%. These results included an income tax benefit 00:00:49.223 -- 00:00:54.250 of $774 million, which we describe in more detail in the earnings press 00:00:54.250 -- 00:00:58.013 release. On the next page, we have some more detail. 00:00:58.013 -- 00:01:03.140 The firm reported revenue of $45.7 billion, down $5.3 billion, or 10% 00:01:03.140 -- 00:01:04.843 year-on-year. 00:01:04.843 -- 00:01:09.970 And IIX Markets was down $185 million, or 1%, driven by the 00:01:09.970 -- 00:01:14.957 impact of lower rates and deposit margin compression, predominantly offset by higher 00:01:14.957 -- 00:01:20.045 wholesale deposits, higher revolving balances in card, as well as the impact of securities 00:01:20.045 -- 00:01:25.733 activity, including from prior orders. And IRX Markets was down $6...