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  • 2 days ago
JPMorgan reported lower fourth-quarter profit due to a $2.2 billion charge tied to the Apple credit-card deal, while revenue rose and market volatility reshaped deal activity.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:03JPMorgan Chase reported fourth quarter, 2025 profit of $13 billion, or $4.63 per share,
00:10down 7% from a year earlier and below, fact-set estimates of $4.85 per share.
00:17Revenue rose 7% to $45.8 billion, slightly under estimates of $46.2 billion.
00:23Full-year profit totaled $57 billion, down from $58.5 billion in the prior year,
00:30while full-year revenue increased to $182.4 billion from $177.6 billion.
00:37Results reflected a $2.2 billion charge tied to the Apple credit card program acquisition.
00:43Commercial and investment bank revenue rose 10%, while investment banking fees declined.
00:48Wall Street banks saw early deal-making expectations disrupted by market turmoil
00:53tied to Trump's tariff plans, before large transactions and market volatility later drove a rebound.
00:59For all things money, visit Benzinga.com.
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