JPMorgan Chase & Co. released its fourth quarter 2025 earnings report on January 13. The company announced quarterly revenue of $46.8 billion, a 7% increase compared to the same period last year. Net income for the quarter was $13 billion, with earnings per share of $4.63.
For the full year, total revenue reached $185 billion. Annual net income was reported at $57.5 billion, translating to earnings per share of $20.18. The earnings report highlighted the strategic acquisition of the Apple Card portfolio. JPMorgan recorded a $2.2 billion credit reserve build in the fourth quarter to account for this transition. This temporarily impacted standardized risk-weighted assets by $23 billion.
On January 14, Baird raised its price target for JPMorgan to $280 from $260. The firm maintained an Underperform rating on the shares. Baird revised its financial model in response to the Q4 2025 results. The firm noted strong Core Pre-Provision Net Revenue and healthy credit quality.
Also on January 14, Truist increased its price target for JPMorgan to $334 from $331. Truist maintained a Hold rating. Following the company's Q4 results, Truist updated its financial model. The firm raised its 2026 earnings per share forecast by 50 cents to $21.25. This adjustment was driven by expectations of improved growth in market revenue over the next two years.
JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through three segments: Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management.