secwatch.observer — SEC 8-K summary
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Issuer:     JPMORGAN CHASE & CO (JPM)
CIK:        0000019617
Form:       8-K
Filed at:   2026-01-13T23:59:59+00:00
Accession:  0001628280-26-001902
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JPMorgan Q4 net income $13.0B ($4.63/sh); adjusted $14.7B ($5.23/sh); Apple Card reserve $2.2B
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- Q4 net income $13.0B ($4.63/sh) down from $14.0B ($4.81/sh) YoY; adjusted net income $14.7B ($5.23/sh) excluding $2.2B Apple Card reserve.
- Managed revenue $46.8B; reported revenue $45.8B; expense $24.0B; credit costs $4.7B with $2.1B net reserve build.
- Full-year 2025 net income $57.0B ($20.02/sh); ROE 17%; ROTCE 20%; CET1 ratio 14.5% (Std) and 14.1% (Adv).
- Segment: CIB IB fees down 5% YoY, Markets up 17% (FICC +7%, Equities +40%); AWM AUM $4.8T (+18% YoY).
- Capital actions: $4.1B common dividend ($1.50/sh); $7.9B net stock repurchases; TBV/share $107.56 (+11% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19617/000162828026001902/0001628280-26-001902-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19617/000162828026001902/jpm-20260113.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-001902

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