JPMorgan missed, and still out-earned last September
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What the chart shows
September was the month deal-making slowed at America's biggest bank, finance chief Jeremy Barnum said on Tuesday, and JPMorgan's quarterly earnings of US$5.57 a share came in below the US$5.85 analysts expected.
Set against every September quarter since 2008, the miss reads differently: the bank earned US$5.07 a share in the same quarter of 2025 and US$4.37 in 2024. Barnum called the missing deals delayed rather than cancelled.
Citigroup beat its forecast with US$2.85 a share and still fell 5.6%, after warning that its markets revenue would shrink in the December quarter.
The story behind it
America's big banks beat their forecasts, and Citigroup still fell 5.6% Read the edition →The numbers
Diluted earnings a share in each September quarter since 2008, in US$. This quarter's US$5.57 fell short of the US$5.85 analysts expected.
| JPMorgan diluted earnings a share, September quarter | Dot | |
|---|---|---|
| Q3 2008 | +0.09 | |
| Q3 2009 | +0.82 | |
| Q3 2010 | +1.01 | |
| Q3 2011 | +1.02 | |
| Q3 2012 | +1.40 | |
| Q3 2013 | −0.17 | |
| Q3 2014 | +1.35 | |
| Q3 2015 | +1.68 | |
| Q3 2016 | +1.58 | |
| Q3 2017 | +1.76 | |
| Q3 2018 | +2.34 | |
| Q3 2019 | +2.68 | |
| Q3 2020 | +2.92 | |
| Q3 2021 | +3.74 | |
| Q3 2022 | +3.12 | |
| Q3 2023 | +4.33 | |
| Q3 2024 | +4.37 | |
| Q3 2025 | +5.07 | |
| Q3 2026 | +5.57 |
19 rows: scroll the table for the rest.
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.
