Q2 2025 Bank Earnings

Investments
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This topic summarizes the Q2 2025 earnings results of the first three major banks to report.

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JPMorgan, Wells Fargo, and Citigroup topped revenue and earnings estimates in Q2 2025

  • JPMorgan revenue came in at $45.7 billion, above $44.05 billion estimate while EPS was $4.96 versus estimate of $4.48.

  • Wells Fargo revenue came in at $20.82 billion, above $20.76 billion estimate while EPS was $1.60 versus estimate of $1.41.

  • Citigroup revenue came in at $21.67 billion, above $20.83 billion estimate while EPS was $1.96 versus estimate of $1.60.

  • Citigroup reported 16% growth in cost of credit, driven by increased in allowance for credit losses due to “deterioration” of the economy relative to last year.

  • JPMorgan CEO Jamie Dimon repeated his macro warnings.

    “The U.S. economy remained resilient in the quarter,” Dimon said in the release. “The finalization of tax reform and potential deregulation are positive for the economic outlook. However, significant risks persist – including from tariffs and trade uncertainty, worsening geopolitical conditions, high fiscal deficits and elevated asset prices.”