JPMorgan Chase & Co. amended its By-laws effective September 12, 2025, changing the title of the officer previously known as 'General Auditor' to 'Chief Audit Executive' in specific sections of the By-laws. This amendment reflects updates to the company's governance structure.
The detailed description of the amendments is not exhaustive and is qualified by the complete text of the By-laws, which has been attached as an exhibit. This change may be relevant to stakeholders monitoring the company's leadership and governance practices.
linkSep 12, 2025 16:32:01
On July 23, 2025, JPMorgan Chase & Co. completed a public offering of $4 billion in Fixed-to-Floating Rate Subordinated Notes due in 2036. This offering was registered under the Securities Act of 1933 and is detailed in the registration statement on Form S-3.
The legal opinion regarding the legality of these Subordinated Notes has been filed as an exhibit to the report. This financial move may impact the company's capital structure and investment attractiveness.
linkJul 23, 2025 16:15:17
JPMorgan Chase & Co. reported net income of $15.0 billion for the second quarter of 2025, translating to earnings per share (EPS) of $5.24. The bank's return on tangible common equity (ROTCE) stood at 21%. Average loans increased by 5% year-over-year to $1.4 trillion, while average deposits rose by 6% to $2.5 trillion. The Common Equity Tier 1 (CET1) capital ratio was reported at 15.0%, with total loss-absorbing capacity amounting to $560 billion.
The firm distributed $3.9 billion as a common dividend and executed $7.1 billion in net stock repurchases, resulting in a net payout ratio of 71%. Managed revenue reached $45.7 billion, with a managed overhead ratio of 52%. Notably, the bank's expenses were reported at $23.8 billion, and credit costs amounted to $2.8 billion. The effective tax rate for the quarter was 18.0%, with a managed tax rate of 21.3%.
linkJul 15, 2025 10:36:04
JPMorgan Chase & Co. reported a net income of $15.0 billion for the second quarter of 2025, reflecting a 17% decrease from $18.1 billion in the same period of 2024. Earnings per share were $5.24, down from $6.12 year-over-year. The firm’s total net revenue was $45.7 billion, a decline of 10%, with net interest income increasing by 2% to $23.3 billion, while noninterest revenue fell by 20% to $22.4 billion. The quarter included a significant income tax benefit of $774 million, which impacted overall earnings significantly when adjusted for the benefit, resulting in a net income of $14.2 billion or $4.96 per share. Additionally, JPMorgan Chase distributed $3.9 billion in common dividends and repurchased $7.1 billion of common stock during the quarter.
As of June 30, 2025, JPMorgan Chase held $4.6 trillion in assets and $357 billion in stockholders' equity. The firm reported a book value per share of $122.51, an increase of 10% year-over-year, and a tangible book value per share of $103.40, up 11% from the previous year. The capital ratios remained robust, with a common equity Tier 1 capital of $284 billion and a supplementary leverage ratio of 5.9%. The firm raised approximately $1.7 trillion in credit and capital year-to-date, supporting consumers, businesses, and communities, including $135 billion for consumers and $17 billion for small businesses.
linkJul 15, 2025 06:30:58
JPMorgan Chase & Co. has announced the redemption of all 300,000 shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series HH, totaling $3.0 billion. The redemption will take place on February 1, 2025, with a redemption price of $10,000 per share, and the final dividend payment will also occur on this date for the Series HH Preferred Stock. The record date for the dividend is set for January 2, 2025.
On the financial side, JPMorgan Chase reported $4.0 trillion in assets and $345 billion in stockholders’ equity as of December 31, 2024. While the firm continues to maintain a significant presence in various financial services, the decision to redeem this preferred stock may indicate a strategic shift in capital management. The redemption could impact the firm’s capital structure and liquidity moving forward.
linkJan 27, 2025 16:36:36
JPMorgan Chase & Co. announced a fourth-quarter net income of $14 billion, marking a 50% increase from the previous year. The company's total revenue for the quarter reached $43.7 billion, up 10% year-over-year, driven by significant growth in investment banking fees and markets revenue. The firm also reported a record full-year net income of $58.5 billion, with notable metrics such as a 17% return on equity and a 21% return on tangible equity. Additionally, the firm maintained a robust balance sheet, with total loss-absorbing capacity of $547 billion and significant cash reserves.
However, the report highlighted some challenges, particularly in the Consumer & Community Banking segment, where net income decreased by 6% compared to the prior year. The average deposits in this segment fell by 4% year-over-year, indicating potential issues with customer retention or market conditions. Furthermore, the provision for credit losses increased, primarily driven by higher charge-offs in Card Services, raising concerns about credit quality. Overall, while the firm achieved record financial results, it faces headwinds in certain areas of its business.
linkJan 15, 2025 06:46:01
JPMorgan Chase has announced new responsibilities for several senior executives, including the retirement of Daniel Pinto, who has served the firm for over 40 years. Pinto will step down as President and COO in mid-2025 but will remain with the company as Vice Chairman, advising on key projects and client relationships. Jennifer Piepszak has been appointed as the new Chief Operating Officer, while Doug Petno will take over as Co-CEO of the Commercial & Investment Bank, reflecting a strategic reshuffling of leadership roles within the organization.
On the positive side, the company expressed gratitude for Pinto's contributions and highlighted the exceptional team of executives that have been developed over the years. Both Jamie Dimon and Pinto emphasized their pride in the firm’s achievements and future prospects. However, the announcement of Pinto's retirement could signal a significant transition for the company, as it may lead to shifts in operational dynamics and leadership styles within its senior management team.
linkJan 14, 2025 12:35:49