---
schema_version: "secwatch.filing_event.v1"
accession: "0000019617-25-000518"
form_type: "8-K"
ticker: "JPM"
cik: "0000019617"
company_name: "JPMORGAN CHASE & CO"
filed_at: "2025-07-15T23:59:59+00:00"
generated_at: "2026-05-18T06:32:52.804113+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# JPMorgan Q2 net income falls to $15.0B ($5.24 EPS) from $18.1B YoY; tax benefit boosts results

## Summary
- Reported net income $15.0B ($5.24 EPS), down from $18.1B ($6.12 EPS) YoY; excluding $774M tax benefit, net income $14.2B ($4.96 EPS).
- Revenue $44.9B (reported) or $45.7B managed; expense $23.8B; credit costs $2.8B (net charge-offs $2.4B, reserve build $439M).
- CET1 ratio 15.0% (standardized); book value per share $122.51 (+10% YoY); tangible book $103.40 (+11%).
- Common dividend $1.40/share ($3.9B); net stock repurchases $7.1B; Board intends 20% cumulative dividend increase vs Q4 2024.
- Markets revenue $8.9B (+15% YoY); IB fees +7% YoY; card sales volume +7% YoY; AUM $4.3T (+18%).

## SEC filing metadata
- accession: 0000019617-25-000518
- form_type: 8-K
- ticker: JPM
- cik: 0000019617
- company_name: JPMORGAN CHASE & CO
- filed_at: 2025-07-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/19617/000001961725000518/0000019617-25-000518-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/19617/000001961725000518/jpm-20250715.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000019617-25-000518
- JSON: https://secwatch.observer/filing/0000019617-25-000518.json
- Plain text: https://secwatch.observer/filing/0000019617-25-000518.txt

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