Analysis published 23 Oct 2026

AI-generated · cited to primary sources · not investment advice

JP Morgan Chase & Co. (JPM) Mar 2025 Filing Analysis

03 · Future Growth

Where does growth come from?

Diversified Banks Fed Rate Cycle

Reported net interest income growth slowed from 10% in the earlier signal to 1% in Q1 2025. Excluding Markets, the comparable measure declined 2% year over year, versus 4% growth in the earlier signal. Management expects approximately $94.5 billion of full-year 2025 NII, with approximately $90.0 billion excluding Markets; both are market dependent. The direction has reversed for the underlying measure excluding Markets. (1 reversing, 1 decelerating across 2 signals)

“NII of $23.3 billion, up 1% ... NII excluding Markets was $22.6 billion, down 2%.”

JP Morgan Chase & Co. Common Stock · Quarterly Report · Mar 2025 · p.5

See the full cited Future Growth analysis of JP Morgan Chase & Co.

Create free account →

AI-generated informational research only. ThesisLoop is not investment advice, a stock recommendation, or a guarantee of returns.