Various main banks reported their earnings outcomes for the primary quarter of 2025 right this moment. A few of them beat expectations whereas some delivered blended outcomes. Right here’s a take a look at how three main banks – JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC) and Morgan Stanley (NYSE: MS) carried out within the quarter:
JPMorgan
In Q1 2025, JPMorgan’s reported income elevated 8% year-over-year to $45.3 billion. Managed income additionally elevated 8% to $46 billion. Web revenue grew 9% to $14.6 billion and EPS rose 14% to $5.07 versus final 12 months. Each the highest and backside line numbers beat expectations.
Web curiosity revenue rose 1% to $23.4 billion whereas non-interest income grew 17% to $22.6 billion. Non-interest expense was $23.6 billion, up 4%.
Revenues for the Shopper & Neighborhood Banking (CCB) phase grew 4% to $18.3 billion. Revenues within the Business & Funding Financial institution (CIB) phase elevated 12% to $19.7 billion. Asset & Wealth Administration (AWM) revenues grew 12% to $5.7 billion.
“The economic system is dealing with appreciable turbulence (together with geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of tariffs and “commerce wars,” ongoing sticky inflation, excessive fiscal deficits and nonetheless quite excessive asset costs and volatility. As all the time, we hope for one of the best however put together the Agency for a variety of eventualities.” – Jamie Dimon, CEO, JPMorgan
Wells Fargo
Wells Fargo noticed whole income lower 3% to $20.15 billion in Q1 2025 in comparison with the identical interval a 12 months in the past. Web revenue rose 6% to $4.89 billion whereas EPS grew 16% to $1.39. Earnings got here forward of projections however income fell wanting expectations.
Web curiosity revenue decreased 6% to $11.5 billion whereas non-interest revenue remained comparatively flat at $8.65 billion. Non-interest expense decreased 3% to $13.9 billion.
Income within the Shopper Banking and Lending phase decreased 2% to $8.9 billion within the quarter. The Business Banking phase noticed revenues drop 7% to $2.92 billion. In Company and Funding Banking, revenues grew 2% to $5 billion. Wealth and Funding Administration revenues rose 4% to $3.87 billion.
“We anticipate continued volatility and uncertainty and are ready for a slower financial atmosphere in 2025, however the precise end result can be depending on the outcomes and timing of the coverage modifications. We and our prospects come into the present atmosphere from a place of power that ought to serve us properly.” – Charlie Scharf, CEO, Wells Fargo
Morgan Stanley
Morgan Stanley posted revenues of $17.7 billion for the primary quarter of 2025, up 17% year-over-year. Web revenue elevated 26% to $4.32 billion whereas EPS rose 29% to $2.60. Income and earnings beat estimates.
Revenues within the Institutional Securities phase elevated 28% to $9 billion within the quarter. Revenues within the Wealth Administration division grew 7% to $7.3 billion. Funding Administration revenues rose 16% to $1.6 billion.
Shares of JPMorgan have been up 3% in noon commerce on Friday whereas shares of Wells Fargo have been down 2%. Morgan Stanley’s inventory stayed inexperienced.
