🔹 Revenue: $21.29B (Est. $21.65B) 🔴; +4% YoY
🔹 EPS (Diluted): $1.62 (Est. $1.67) 🔴
🔹 NII: $12.33B (Est. $12.46B) 🔴; +4% YoY
🔹 Avg Loans: $955.8B (Est. $944B) 🟢; +5% YoY
FY26 Guide:
🔹 NII (initial): ~$50.0B (Est. $52.7B) 🔴
🔹 Expenses: $55.7B; vs $54.8B prior year
🔹 Avg Loans: “mid single digits growth” YoY
🔹 Avg Deposits: “mid single digits growth”
Segment Performance:
🔹 Consumer Banking & Lending: $9.57B; UP +7% YoY
🔹 Commercial Banking: $3.08B; DOWN -3% YoY
🔹 Corporate & Investment Banking: $4.62B; FLAT YoY
🔹 Wealth & Investment Management: $4.36B; UP +10% YoY
Other Metrics:
🔹 EPS ex notable item: $1.76 (Est. $1.66) 🟢
🔹 Average Deposits: $1.38T; UP +2% YoY
🔹 Net Charge-offs: $1.03B; DOWN -13% YoY
🔹 Efficiency Ratio: 64 (Est. 62.6) vs 68 prior year
🔹 Provision for Credit Losses: $1.04B
🔹 ROE: 12.3%
🔹 ROTCE: 14.5%
🔹 CET1 Ratio: 10.6%
🔹 Net Income: $5.36B
🔹 Net Income ex notable item: $5.8B
🔹 Noninterest Income: $8.96B; UP +5% YoY
🔹 Noninterest Expense: $13.73B; DOWN -1% YoY
🔹 Net Interest Margin (taxable-equivalent): 2.60 (vs 2.70 prior year)
Capital Return:
🔹 Buybacks: $5.0B (58.2M shares) in Q4'25
Commentary:
🔸 “Strong financial performance, removal of the asset cap imposed by the Federal Reserve, termination of multiple consent orders… make me proud of our 2025 results.”
🔸 “We achieved our prior ROTCE target of 15% and have set a new medium-term target of 17-18%.”
🔸 “We are excited to now compete on a level playing field… with the ability to grow our balance sheet.”