JPMorgan Chase (NYSE: $JPM), a major American multinational financial services firm, released its Q1 fiscal 2025 results on Friday, April 11, 2025, before markets opened. Here is a breakdown of the results.
JPMorgan Chase Q1 Results
For the first quarter of fiscal 2024, JPMorgan Chase reported revenue of $46 billion, an 8% YoY increase and above analysts’ estimate of $43.99 billion. It reported a net income of $14.6 billion, a 9% YoY increase for an EPS of $5.07, beating the analysts’ estimate of $4.63.
Q1 Financial Highlights
The bank reported that average loans were up 2% YoY and flat Q/Q, while average deposits were up 2% YoY and up 1% Q/Q. It reported a 12% YoY increase in investment banking fees and a 9% dip Q/Q.
Markets revenue rose 21% YoY, with fixed-income markets up 8%, while Equity Markets saw a 48% increase. JPMorgan Chase had a 3% YoY dip in Average Banking & Payments loans and a 1% dip Q/Q. Meanwhile, average client deposits were up 1% YoY and up 2% Q/Q in the CIB division.
Significant Highlights
The banking giant reported $588 million in gains related to the First Republic Bank, with a $0.16 contribution to EPS. During the quarter, it reported around $840 billion of credit and capital raised.
Of that amount, $60 billion was credit to consumers, $10 billion of credit to small businesses, and $760 billion of credit and capital to corporations and non-Us government entities. It also included $10 billion of credit, and capital for nonprofit and US government entities, including municipalities, states, universities, and hospitals.
Shareholder Returns
In Q1, the financial services giant paid out $3.9 billion in dividends and $7.1 billion in share buybacks.
Full-Year Outlook
For the full year, JPMorgan Chase expects net interest income of around $94.5 billion, and net interest income of $90 billion, excluding Markets. It expects a full-year card service NCO rate of 3.6%, and adjusted expenses of $95 billion.
Market Performance
Following the market-beating Q1 results, JPMorgan Chase stock dipped 1.04% in premarket trading to $224.75 as of 9:11 AM EDT on April 11, 2025. As of Thursday’s close, JPM shares are down 5.26% year to date, up 6.70% in the past six months, and up 16.19% in the past 12 months. Its Thursday closing price is below both its 50 and 200-day moving averages of $251.07, and $231.51, respectively.
Analysts are optimistic about its future, giving it a moderate buy rating. They forecast an average price of $270.31, which is a 19.02% upside based on Thursday’s closing price. The analysts give a wide range of forecasts, with a high of $330.00 and a low of $220.00.
Is JPM A Buy Following Its Q1 Results?
JPMorgan Chase is a high-quality business, a leader in the financial services industry, and a highly respected CEO in Jamie Dimon. It possesses numerous competitive advantages, which makes it a great stock to have on your radar for potential long-term gains.
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