JPMorgan Chase (JPM) earnings Q4 2025

JPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Tuesday.

Here’s what Wall Street expects:

Earnings: $5 a share, according to LSEGRevenue: $46.2 billion, according to LSEGNet interest income: $24.99 billion, according to StreetAccountTrading Revenue: Fixed income of $5.29 billion, equities of $2.55 billion, according to StreetAccount

JPMorgan will give investors a view into how consumers and corporations fared toward the end of last year and issue guidance on how 2026 may develop.

Banks have enjoyed a Goldilocks-type environment for the last few quarters, with a rebound in Wall Street trading and investment banking, falling interest rates, stable consumer credit and deregulation providing a lift for the sector. High stock levels have also buoyed banks’ wealth management divisions.

The KBW Bank Index climbed 29% last year, the second year in a row that the big bank benchmark exceeded the gains of the S&P 500.

So analysts will be keen to hear how much momentum from 2025 is expected to carry over into this year. Of particular concern is whether there are any cracks in spending amid signs that the labor market may be weakening, as well as guidance around the strength of Wall Street dealmaking.

JPMorgan Chase CEO Jamie Dimon will likely be asked about President Donald Trump’s demand for the industry to cap credit card rates at 10%, as well as questions over the independence of the Federal Reserve.

Bank of America, Citigroup and Wells Fargo are scheduled to report results Wednesday, with Goldman Sachs and Morgan Stanley reporting Thursday.

This story is developing. Please check back for updates.