secwatch.observer — SEC 8-K summary
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Issuer:     JPMORGAN CHASE & CO (JPM)
CIK:        0000019617
Form:       8-K
Filed at:   2025-07-15T23:59:59+00:00
Accession:  0000019617-25-000518
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19617/000001961725000518/0000019617-25-000518-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19617/000001961725000518/jpm-20250715.htm
  HTML page:      https://secwatch.observer/filing/0000019617-25-000518

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer