Fubotv earnings beat by $0.10, revenue topped estimates
JPMorgan Chase & Co. (NYSE:JPM) reported second quarter net income of $15.0 billion, or $5.24 per share, compared with net income of $18.1 billion, or $6.12 per share, in the same period last year. The results were disclosed Tuesday in a statement based on a filing with the Securities and Exchange Commission.
The company’s earnings release and financial supplement for the second quarter of 2025 were included as exhibits in the filing.
JPMorgan Chase is incorporated in Delaware and has its principal executive offices in New York. The firm’s common stock and several classes of preferred stock are listed on the New York Stock Exchange under the symbol JPM and related tickers.
The information in this article is based on a press release statement included in the company’s SEC filing.
In other recent news, JPMorgan Chase & Co. announced plans to implement new fees for fintech companies accessing customer bank account information. This move could significantly alter the business models within the fintech industry, with payments-focused companies expected to face higher charges. The fees are anticipated to be introduced later this year, contingent on the outcome of a Biden-era regulation. Additionally, JPMorgan CEO Jamie Dimon expressed readiness to invest in Germany, highlighting the bank’s growth ambitions in the German market, including a focus on medium-sized enterprises and affluent private clients.
In other developments, HSBC downgraded JPMorgan’s stock rating from Hold to Reduce, despite raising the price target to $259.00. The downgrade was attributed to valuation concerns, as JPMorgan’s market value surpasses $800 billion. Meanwhile, TD Cowen raised its price target for JPMorgan to $336.00 while maintaining a Buy rating, citing a robust capital announcement that included plans to repurchase up to $50 billion in common stock and a 7% increase in its common dividend. These capital strategies were noted to exceed analyst expectations and demonstrate JPMorgan’s ability to capitalize on its excess capital.
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