Major U.S. banks have reported their second-quarter 2025 earnings, largely surpassing analyst expectations and signaling a resilient financial sector despite ongoing economic uncertainties. JPMorgan Chase (JPM), Wells Fargo (WFC), and Bank of New York Mellon (BNY) led the charge with strong results across key metrics.
JPMorgan Chase (JPM) Demonstrates Strong Performance Amidst Economic Commentary
JPMorgan Chase (JPM) reported a robust second quarter, with earnings per share (EPS) reaching $5.24, significantly beating the estimated $4.47. The bank's adjusted revenue stood at $45.68 billion, exceeding the $44.05 billion estimate. Net income for the quarter was $14.99 billion.
The bank's performance was bolstered by strong trading results, with Fixed Income, Currencies, and Commodities (FICC) Sales & Trading revenue at $5.69 billion, surpassing estimates of $5.22 billion. Equities Sales & Trading revenue also came in strong at $3.25 billion, slightly above the estimated $3.2 billion. Total deposits reached $2.56 trillion, higher than the $2.51 trillion estimate, and loans were $1.41 trillion, exceeding the $1.36 trillion estimate. JPMorgan's Return on Equity (ROE) was an impressive 18%, outperforming the 15.1% estimate. The bank maintained a Standardized CET1 Ratio of 15%. Credit loss provisions were lower than anticipated at $2.85 billion, compared to an estimated $3.22 billion.
CEO Jamie Dimon commented on the U.S. economy, stating it "remained resilient in the quarter," while also cautioning that "significant risks persist – including from tariffs and trade." He noted that investment banking activity started slow but gained momentum throughout the quarter. As of June 30, 2025, JPMorgan Chase had $4.6 trillion in assets.
Wells Fargo (WFC) Exceeds Earnings and Revenue Estimates
Wells Fargo (WFC) also delivered a strong second quarter, reporting EPS of $1.60, comfortably beating analyst estimates of $1.41. The bank's net income reached $5.49 billion, surpassing the $4.60 billion estimate. Revenue for the quarter was slightly higher at $20.82 billion, compared to the estimated $20.77 billion. Net interest income stood at $11.71 billion. Wells Fargo is a leading financial services company with approximately $1.9 trillion in assets.
Bank of New York Mellon (BNY) Reports Solid Growth
Bank of New York Mellon (BNY) announced strong second-quarter 2025 earnings, with adjusted EPS of $1.94, exceeding the estimated $1.76. Revenue for the quarter was $5.03 billion, surpassing the $4.83 billion estimate. The bank reported Assets Under Management (AUM) of $2.11 trillion, higher than the estimated $2.07 trillion, and Assets Under Administration (AUA) of $55.8 trillion, exceeding the $54.8 trillion estimate. Net Loans were reported at $72.82 billion, above the $71.79 billion estimate. BNY Mellon achieved a 14.7% ROE and a profit of $1,391 million, both surpassing estimates. The company anticipates full-year expenses to be up approximately 3% year-over-year, a slight increase from its previous outlook of 1-2% year-over-year. BNY Mellon oversees $55.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management as of June 30, 2025. The company's earnings were supported by growth in net interest income and fee income.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.