Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
JPMorgan Chase & Co. (NYSE:JPM) announced today its financial results for the first quarter of 2025, posting a net income of $14.6 billion, or $5.07 per share. This performance marks an increase from the first quarter of 2024, where the net income stood at $13.4 billion, or $4.44 per share.
The information, derived from an 8-K filing with the Securities and Exchange Commission, reflects the firm's financial condition and results of operations as of today, April 11, 2025.
The bank's earnings release, along with the earnings release financial supplement for the first quarter of 2025, were also filed and are now publicly accessible. These documents are considered filed for purposes of the Securities Exchange Act of 1934.
The report contains forward-looking statements based on current expectations of the management of JPMorgan Chase. However, actual results could vary significantly due to various risks and uncertainties. Detailed factors that could affect the firm's actual results have been disclosed in JPMorgan Chase's Annual Report on Form 10-K for the year ended December 31, 2024.
JPMorgan Chase has clarified that it does not intend to update any forward-looking statements. The bank's performance in the first quarter reflects its operational results and financial health, as documented in the SEC filing. This announcement is based on the press release statement from JPMorgan Chase & Co.
In other recent news, JPMorgan Chase & Co. has filed a prospectus supplement with the Securities and Exchange Commission for its Dividend Reinvestment Plan, allowing shareholders to reinvest dividends into additional shares without incurring brokerage fees. This move reflects the company's ongoing efforts to provide value to its shareholders. Additionally, JPMorgan is among several U.S. banks invited by the Canadian government for a meeting following President Donald Trump's claims about American banks facing business challenges in Canada.
JPMorgan's CEO, Jamie Dimon, has expressed concerns about the current trade agreements and potential credit issues, suggesting that a recession is a likely outcome. In a separate development, Dimon participated in a call with other global bank executives to discuss the potential impact of recent tariffs introduced by President Trump. This confidential conversation highlighted the financial sector's concerns regarding these tariffs' economic implications.
Furthermore, JPMorgan was affected by a broader market downturn in technology and financial stocks amid rising trade war fears, with the company experiencing a decline alongside other financial entities. Wolfe Research analysts have noted that economic data might weaken and expect management teams to adopt a more cautious approach to forward guidance during the upcoming earnings season.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.