JPMorgan Shines With $15 Billion Quarterly Profit Despite Declining Revenues

JPMorgan Chase & Co. (NYSE: JPM) reported a net income of $15.0 billion in Q2/2025, or $14.2 billion excluding a one-time tax benefit. Earnings per share were $5.24, exceeding consensus estimates ($4.48) by 17.0%. The return on equity (ROE) was 18%. Managed revenue reached $45.7 billion, a decline of 10% year-over-year, primarily due to lower non-interest income. Operating expenses remained virtually unchanged at $23.8 billion, resulting in a managed overhead ratio of 52%. The provision for credit losses was $2.8 billion, out of which $2.4...