---
schema_version: "secwatch.filing_event.v1"
accession: "0000019617-25-000483"
form_type: "8-K"
ticker: "JPM"
cik: "0000019617"
company_name: "JPMORGAN CHASE & CO"
filed_at: "2025-05-19T23:59:59+00:00"
generated_at: "2026-05-21T02:13:24.406755+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# JPMorgan Chase 2025 Investor Day reiterates ~$90B NII ex. Markets and ~$95B expense guidance

## Summary
- NII ex. Markets expected ~$90B for 2025; firmwide NII ~$94.5B including ~$4.5B from Markets.
- Adjusted expense outlook unchanged at ~$95B; technology spend ~$18B.
- 17% ROTCE target reaffirmed; 2024 ROTCE was 20%.
- Excess CET1 of $57B above regulatory minima as of 1Q25; buybacks and dividends continue.
- Reserve scenario assumes weighted-average peak UER of 5.8% in 1Q26; tariff impact analysis on wholesale portfolio.

## SEC filing metadata
- accession: 0000019617-25-000483
- form_type: 8-K
- ticker: JPM
- cik: 0000019617
- company_name: JPMORGAN CHASE & CO
- filed_at: 2025-05-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/19617/000001961725000483/0000019617-25-000483-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/19617/000001961725000483/jpm-20250519.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000019617-25-000483
- JSON: https://secwatch.observer/filing/0000019617-25-000483.json
- Plain text: https://secwatch.observer/filing/0000019617-25-000483.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.