The current quarterly figures of JPMorgan Chase and Wells Fargo, published on April 11, 2025, offer important insights into the financial condition of these large US banks and their impact on the market.
JPMorgan Chase
Financial Results:
- Earnings per Share (EPS): $5.07, which exceeds the forecast of $4.62 by 45 cents.
- Revenue: $46 billion, a rise of 8% compared to the previous year (last year’s revenue: $42 billion) and above expectations of $43.9 billion.
- Net Income: $14.6 billion.
- Return on Tangible Common Equity (ROTCE): 21%.
- Net Interest Income: $23.4 billion.
Market Reaction:
Following the release of the figures, the stock price rose by about 2-3% in pre-market trading, indicating positive investor sentiment. The stock was quoted at around $232.
Outlook:
JPMorgan expects a net interest income of around $90 billion for the full year, excluding market trading, and plans adjusted expenses of about $95 billion. However, CEO Jamie Dimon warned of economic uncertainty and potential credit issues due to geopolitical tensions.
Wells Fargo
Financial Results:
- Earnings per Share (EPS): Adjusted at $1.39; this represents a 16% increase compared to the previous year. However, this figure fell short of analyst expectations ($1.41).
- Revenue: Only reached about $20.15 billion and missed the forecast of ~$20.73 billion (last year’s revenue: ~$20.86 billion).
- Net Interest Income: was approximately $11.50 billion.
Wells Fargo has also conducted share buybacks worth approximately $3.5 million and made a provision for potential loan defaults of $932 million.
Conclusion
The quarterly results of both banks show different developments; while JPMorgan reported strong results and looks optimistically towards the future despite economic uncertainties, Wells Fargo struggles with a revenue decline and mixed results regarding analyst expectations. These figures are crucial for investors in the German-speaking area as well as in global markets as indicators for future market developments.