JPMorgan posts $57B profit, acquires Apple Card portfolio, faces regulatory flux

Filed February 12, 2026 · Period ending December 31, 2025 · ~1 min read

Key Changes

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  JPMorgan announced acquisition of Apple's credit card portfolio, expected to close in ~24 months. The firm already built a $2.2B allowance in 2025 for the transaction, which will significantly expand consumer card operations.

  MD&A: Apple Card acquisition verify on EDGAR →
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  Full-year 2025 net income of $57.0B (down 2%), EPS $20.02, ROE 17%. Revenue grew 3% to $182.4B despite deposit margin compression. Credit provision totaled $14.2B including $4.4B allowance build.

  MD&A: 2025 financial results verify on EDGAR →
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  Basel III capital rule remains uncertain after July 2023 proposal stalled; Federal Reserve may issue revised proposal in early 2026. Stress Capital Buffer frozen at current levels through September 2027, providing near-term stability.

  Business: Basel III framework uncertainty verify on EDGAR →