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:  0001628280-26-001915
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JPMorgan 4Q25 net income $13.0B ($4.63 EPS); 2026 NII ex Markets guidance ~$95B
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- Net income of $13.0B ($4.63 diluted EPS); excluding $2.2B Apple card reserve, EPS was $5.23.
- Managed revenue $46.8B, up 7% YoY; NII ex Markets $23.9B, up 4% YoY; Markets revenue $8.2B, up 17%.
- Credit costs $4.7B include $2.2B reserve for Apple card portfolio forward purchase commitment.
- FY2025 net income $57.0B ($20.02 EPS), down 2% vs 2024; revenue $185.6B, up 3%.
- 2026 guidance: NII ex Markets ~$95B, adjusted expense ~$105B, Card Services NCO rate ~3.4%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19617/000162828026001915/0001628280-26-001915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19617/000162828026001915/jpm-20260113.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-001915

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