JPMorgan Crushes Q1 Expectations, But Is It Sustainable?
In a statement released on Friday, JPMorgan Chase & Co. announced a 9% year-over-year increase in net income to $14.6 billion for the first quarter of 2025, or $5.07 per diluted share. Revenue reached $46 billion, an 8% increase.
The New York-based bank claimed that a $588 million gain from the purchase of First Republic and robust performance in its asset management and markets contributed to the results. While the return on tangible common equity stayed constant at 21%, the return on common equity was 18%.
Jamie Dimon Warns of Economic Instability Despite $14.6B Q1 Profit
During the quarter, the company paid out $3.9 billion in dividends and repurchased $7.1 billion in common stock, increasing its common dividend by 12%. At the end of March, its cash and marketable securities reached $1.5 trillion, and its common equity Tier 1 capital ratio was 15.4%. With the help of the First Republic-related gain and a decrease in noninterest expenditures brought on by the release of an FDIC assessment accrual, corporate segment net income more than doubled to $1.7 billion.
Jamie Dimon, the CEO, stated in the statement that the economy is still unstable due to huge deficits, high asset prices, and ongoing inflation. According to the bank, it raised or renewed over $840 billion in capital and credit for governments, corporations, and individuals throughout the quarter.
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