Q1 2025 JPMorgan Chase & Co Earnings Call Transcript

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Apr 11, 2025

Apr 11, 2025 / 12:30PM GMT
Operator

Good morning ladies and gentlemen. Welcome to JPMorgan Chase's first-quarter 2025 earnings call. This call is being recorded. (Operator Instructions) We will now go live to the presentation. The presentation is available on JPMorgan Chase's website. Please refer to the disclaimer in the back concerning forward-looking statements. Please stand by.

At this time I would like to turn the call over to JPMorgan Chase's Chairman and CEO, Jamie Dimon; and the Chief Financial Officer, Jeremy Barnum. Mr. Barnum, please go ahead.

Jeremy Barnum - JPMorgan Chase & Co - Chief Financial Officer

Thank you and good morning, everyone. Starting on page 1, the firm reported net income of $14.6 billion, EPS of $5.07 on revenue of $46 billion with an ROTC of 21%. These results included a First Republic related gain of $588 million, which was previously disclosed in the 10-K.

On page 2, we have more on our first quarter results. The firm reported revenue of $46 billion, up $3.5 billion or 8% year on year. NII ex markets was down $430 million or 2%, driven by the

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