Skip to the lesson
TryOwning · Big companies · JPMorgan Chase
Ticket 1 of 8, 0 done

JPMorgan Chase · 2025 report · 9 min

How banks make money

A bank pays you a little to hold your money and lends it out for more. We'll follow one bank, JPMorgan Chase, to see how that gap became $57Bsec.gov ·2025 of profit in a year.

$BANK$%$%
Ticket 01 · The guessTable 1

Make a guess first

JPMorgan Chase is the bank behind the Chase branches: 5,083 of them, serving 86.6 millionsec.gov ·2025 people. It's one bank, standing in for all of them in this lesson.

In 2025 its loans paid it 6.72%sec.gov ·2025 a year on average. What do you think it paid, on average, on the money in its customers' deposit accounts? Count every account: checking, savings and business accounts.

5%
0%7%
Words to know

Spot something wrong?

Tell us what looks off. No name or email needed.

What kind of problem?

0 / 1000

We'll also send this page, the lesson, ticket 1, so we can find it. Nothing else. Privacy

Sources and every number (2 sources)

Sources

  • JPMorgan Chase & Co. Form 10-K for the fiscal year ended December 31, 2025 · JPMorgan Chase & Co. (filed with the U.S. SEC), 2025
  • Understanding Deposit Insurance · Federal Deposit Insurance Corporation (FDIC), 2026

Every number

  • $193.3Bsec.gov ·2025 · Interest income, 2025 (income statement).
  • $97.9Bsec.gov ·2025 · Interest expense, 2025 (income statement).
  • $95.4Bsec.gov ·2025 · Net interest income, 2025 (income statement).
  • $87Bsec.gov ·2025 · Noninterest revenue, 2025 (income statement).
  • $182.4Bsec.gov ·2025 · Total net revenue, 2025 (income statement).
  • $14.2Bsec.gov ·2025 · Provision for credit losses, 2025 (income statement).
  • $95.6Bsec.gov ·2025 · Total noninterest expense, 2025 (income statement).
  • $72.6Bsec.gov ·2025 · Income before income tax expense, 2025 (income statement).
  • $15.5Bsec.gov ·2025 · Income tax expense, 2025 (income statement).
  • $57Bsec.gov ·2025 · Net income, 2025 (income statement).
  • $45.4Bsec.gov ·2025 · Worked out: investment banking fees, principal transactions, and commissions and other fees, added together, 2025 (income statement).
  • $20.3Bsec.gov ·2025 · Asset management fees, 2025 (income statement).
  • $15.2Bsec.gov ·2025 · Worked out: lending- and deposit-related fees, card income, and mortgage fees and related income, added together, 2025 (income statement).
  • $6.1Bsec.gov ·2025 · Worked out: other income minus investment securities losses, 2025 (income statement).
  • 6.72%sec.gov ·2025 · Average rate earned on loans, 2025 (consolidated average balance sheets, interest and rates).
  • 1.8%sec.gov ·2025 · Worked out: interest paid on interest-bearing deposits divided by all average deposits, including those that pay no interest, 2025 (consolidated average balance sheets, interest and rates).
  • 2.37%sec.gov ·2025 · Average rate paid on interest-bearing deposits, 2025 (consolidated average balance sheets, interest and rates).
  • 24%sec.gov ·2025 · Worked out: average noninterest-bearing deposits divided by all average deposits, 2025 (consolidated average balance sheets, interest and rates).
  • $2.6Tsec.gov ·2025 · Deposits at the end of 2025 (balance sheet).
  • $1.5Tsec.gov ·2025 · Loans at the end of 2025 (balance sheet).
  • $777.3Bsec.gov ·2025 · Investment securities at the end of 2025 (balance sheet).
  • $343.3Bsec.gov ·2025 · Worked out: cash and due from banks plus deposits with banks, end of 2025 (balance sheet). The 10-K says the cash placed with banks is mostly with central banks, primarily the Federal Reserve Banks.
  • 58%sec.gov ·2025 · Worked out: loans divided by deposits, end of 2025 (balance sheet).
  • $7.7Bsec.gov ·2025 · Card Services net charge-offs, 2025 (Consumer & Community Banking selected metrics).
  • $231.7Bsec.gov ·2025 · Card Services average loans, 2025 (Consumer & Community Banking selected metrics).
  • 3.31%sec.gov ·2025 · Card Services net charge-off rate, 2025 (Consumer & Community Banking selected metrics).
  • 52%sec.gov ·2025 · Worked out: net interest income divided by total net revenue, 2025 (income statement).
  • 31%sec.gov ·2025 · Worked out: net income divided by total net revenue, 2025 (income statement).
  • $54.5Bsec.gov ·2025 · Compensation expense, 2025 (income statement).
  • $604.2Bsec.gov ·2025 · Average noninterest-bearing deposits, 2025 (consolidated average balance sheets, interest and rates).
  • $362.4Bsec.gov ·2025 · Total stockholders' equity at the end of 2025 (balance sheet).
  • $9.8Bsec.gov ·2025 · Net charge-offs on all loans, 2025 (credit risk management).
  • 0.74%sec.gov ·2025 · Net charge-off rate on all loans, 2025 (credit risk management).
  • 1.07%sec.gov ·2025 · Banking & Wealth Management net charge-off rate, 2025 (Consumer & Community Banking selected metrics).
  • 0.47%sec.gov ·2025 · Auto loans net charge-off rate, 2025 (Consumer & Community Banking selected metrics).
  • $4.4Bsec.gov ·2025 · Net addition to the allowance for credit losses, 2025 (Executive Overview).
  • $25.8Bsec.gov ·2025 · Allowance for loan losses at the end of 2025 (balance sheet).
  • $28.2Bsec.gov ·2025 · Card Services & Auto revenue, 2025 (Consumer & Community Banking).
  • 5,083sec.gov ·2025 · Branches at the end of 2025 (Consumer & Community Banking business metrics).
  • 86.6 millionsec.gov ·2025 · Consumer customers of Consumer & Community Banking at the end of 2025.
  • 318,512 peoplesec.gov ·2025 · Employees worldwide at the end of 2025 (Item 1, human capital).
  • $30Bsec.gov ·2025 · Deposits a group of large US banks placed with First Republic Bank in March 2023 (notes to the financial statements, First Republic acquisition).
  • $5Bsec.gov ·2025 · JPMorgan Chase's part of those deposits (notes to the financial statements, First Republic acquisition).
  • $2.9Bsec.gov ·2025 · Final bargain purchase gain on the First Republic acquisition (notes to the financial statements).
  • $2.2Bsec.gov ·2025 · Provision for lending-related commitments for the Apple Card transaction, 2025 (Executive Overview).
  • 24 monthssec.gov ·2025 · Expected time to closing of the Apple Card transaction, from the end of 2025 (Executive Overview).
  • $250,000fdic.gov ·2026 · Standard deposit insurance per depositor, per FDIC-insured bank, for each account ownership category.
Sign in