JPMorgan Chase reported second-quarter 2025 results on July 15 that cleared analyst expectations on essentially every metric that matters, from earnings per share to trading revenue to investment banking fees.
Diluted EPS came in at $5.24, well above the consensus range of $4.48 to $4.96. Managed revenue totaled $45.68 billion against an expected $44.06 billion.
The numbers behind the beat
Net income landed at $15.0 billion for the quarter, or $14.2 billion excluding a tax benefit. On the surface, that looks like a 17% drop year-over-year, which sounds alarming until you remember the prior-year period included a one-time gain from a Visa stake sale.
Return on tangible common equity hit 21%.
