JPMorgan Chase & Co. (NYSE:JPM) Announces Quarterly Earnings Results, Beats Estimates By $0.30 EPS

JPMorgan Chase & Co. (NYSE:JPM) issued its quarterly earnings results on Tuesday. The financial services provider reported $5.23 EPS for the quarter, beating analysts’ consensus estimates of $4.93 by $0.30, FiscalAI reports. The business had revenue of $46.77 billion for the quarter, compared to analysts’ expectations of $45.98 billion. JPMorgan Chase & Co. had a net margin of 20.35% and a return on equity of 17.16%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.81 earnings per share.

Here are the key takeaways from JPMorgan Chase & Co.’s conference call:

• Q4 results were strong with net income $13 billion, EPS $4.63 and ROTCE of 18%; full‑year (ex items) net income was $57.5 billion with ROTCE 20%, supporting capital generation despite a modest CET1 decline to 14.5%.
• The Apple Card transaction drove a $2.2 billion reserve build in Consumer & Community Banking and added roughly $23 billion of standardized RWA (about $110 billion advanced RWA initially), creating near‑term pressure on capital ratios.
• Business momentum was notable—CIB revenue rose ~10% YoY (equities up ~40%) and Asset & Wealth Management reported a 38% pre‑tax margin with strong net inflows of $52 billion in the quarter and record yearly client asset inflows of $553 billion.
• 2026 guidance calls for NII ex‑Markets ≈ $95 billion (total NII ≈ $103 billion) while forecasting adjusted expenses of about $105 billion, signaling meaningful investment‑driven expense growth that could pressure near‑term operating leverage.

JPMorgan Chase & Co. Trading Down 1.0%

JPMorgan Chase & Co. stock opened at $307.87 on Thursday. JPMorgan Chase & Co. has a 12 month low of $202.16 and a 12 month high of $337.25. The company has a market capitalization of $838.10 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.52 and a beta of 1.07. The business’s fifty day simple moving average is $315.52 and its two-hundred day simple moving average is $305.01. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Tuesday, January 6th will be given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.72%.

Analysts Set New Price Targets

JPM has been the topic of a number of research analyst reports. KGI Securities increased their price objective on shares of JPMorgan Chase & Co. from $300.00 to $315.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Loop Capital set a $310.00 price target on shares of JPMorgan Chase & Co. in a research report on Thursday, October 23rd. Robert W. Baird set a $280.00 target price on JPMorgan Chase & Co. in a research note on Wednesday. Truist Financial set a $334.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday. Finally, Zacks Research lowered shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Fifteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $335.91.

Insiders Place Their Bets

In related news, insider Robin Leopold sold 966 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $311.92, for a total value of $301,314.72. Following the transaction, the insider directly owned 58,479 shares of the company’s stock, valued at approximately $18,240,769.68. This represents a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. increased its holdings in JPMorgan Chase & Co. by 2.3% in the 3rd quarter. Invesco Ltd. now owns 14,655,153 shares of the financial services provider’s stock worth $4,622,675,000 after buying an additional 322,735 shares in the last quarter. Boston Partners grew its stake in shares of JPMorgan Chase & Co. by 2.3% in the third quarter. Boston Partners now owns 7,492,763 shares of the financial services provider’s stock worth $2,360,045,000 after acquiring an additional 168,184 shares during the period. Amundi lifted its position in JPMorgan Chase & Co. by 1.1% during the third quarter. Amundi now owns 5,481,630 shares of the financial services provider’s stock valued at $1,694,810,000 after purchasing an additional 61,586 shares during the period. Viking Global Investors LP boosted its holdings in JPMorgan Chase & Co. by 25.2% in the third quarter. Viking Global Investors LP now owns 5,059,060 shares of the financial services provider’s stock worth $1,595,779,000 after purchasing an additional 1,017,026 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in JPMorgan Chase & Co. by 1.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,851,560 shares of the financial services provider’s stock valued at $1,530,328,000 after buying an additional 48,371 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

Key Stories Impacting JPMorgan Chase & Co.

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: Q4 beat on key metrics — JPM reported $5.23 EPS vs. consensus and $46.8B revenue, helped by strong trading and net interest income; management reiterated a resilient U.S. consumer backdrop. Q4 Results Press Release
• Positive Sentiment: Wall Street support remains — several firms (and at least one major analyst reiteration) continue to rate JPM a buy and keep elevated price targets, providing a floor under shares despite the selloff. Analyst Reiterate Buy
• Neutral Sentiment: Management flagged higher strategic spending (tech/AI, payments buildout) and signaled expense growth in 2026 — a long‑term positive for competitiveness but near‑term margin pressure. Dimon on Tech/AI Investment
• Negative Sentiment: One‑time Apple Card-related charge (~$2.2B reserve) and higher loan‑loss provisions trimmed reported profit, weighing on headlines despite the adjusted beat. Reuters: Profit Falls on Apple Card Charge
• Negative Sentiment: Investment‑banking fees unexpectedly fell versus estimates (weaker advisory/deal activity), a direct hit to a high‑margin business line and a key reason traders downgraded sentiment. WSJ: IB Fees Slip
• Negative Sentiment: Regulatory overhang — the White House proposal to cap credit‑card APRs at 10% has become a sector‑wide risk; JPM’s CFO warned it could reduce access to credit, and the possibility of policy action is pressuring bank multiples. CNBC: Credit Card Cap Coverage
• Negative Sentiment: Market reaction reflects valuation and sentiment — banks were trading at rich multiples, so even a mixed report plus policy risk triggered a broader pullback in financials that hit JPM despite fundamentals. MarketBeat: Banks Punished After Earnings

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co (NYSE: JPM) is a diversified global financial services firm headquartered in New York City. The company provides a wide range of banking and financial products and services to consumers, small businesses, corporations, governments and institutional investors worldwide. Its operations span retail banking, commercial lending, investment banking, asset management, payments and card services, and treasury and securities services.

The firm’s principal business activities are organized across several core lines: Consumer & Community Banking, which offers deposit accounts, mortgages, auto loans, credit cards and branch and digital banking under the Chase brand; Corporate & Investment Banking, which provides capital markets, advisory, underwriting, trading and risk management services; Commercial Banking, delivering lending, treasury and capital solutions to middle-market and corporate clients; and Asset & Wealth Management, which offers investment management, private banking and retirement services to institutions and high-net-worth individuals.