JP Morgan Chase & Co. (JPM) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

The JPMorgan Chase earnings call will begin shortly. The JPMorgan Chase earnings call will begin shortly. The JPMorgan Chase earnings call will begin shortly. The JPMorgan Chase earnings call will begin shortly. The JPMorgan Chase earnings call will begin shortly. The JPMorgan Chase earnings call will begin shortly. The JPMorgan Chase earnings call will begin shortly. The JPMorgan Chase earnings call will begin shortly. The JPMorgan Chase earnings call will begin shortly. The JPMorgan Chase earnings call will begin shortly. Good morning, ladies and gentlemen. Welcome to JPMorgan Chase's third quarter 2025 earnings call. This call is being recorded. Your line will be muted for the duration of the call. We will now go live to the presentation. The presentation is available on JPMorgan Chase's website. Please refer to the disclaimer in the back concerning forward-looking statements. Please stand by. At this time, I would now like to turn the call over to JPMorgan Chase's Chairman and CEO, Jamie Dimon, and Chief Financial Officer, Jeremy Barnum. Mr. Barnum, please go ahead. Thank you, and good morning, everyone. Let me begin by noting that this quarter we are experimenting with shorter prepared remarks. We're streamlining this part of the call to move more quickly to your questions and to minimize the amount of time spent on repeating what you have already seen in the earnings So with that, turning to this quarter's results, the firm reported net income of $14.4 billion and EPS of $5.07 with an ROTC of 20%. Revenue of $47.1 billion was up 9% year-on-year, predominantly driven by higher markets revenue, as well as higher fees across asset management, investment banking, and payments. The increase in NII driven by the impact of balance sheet growth and mix was offset by th...