The quarterly net income of the largest bank in the United States, JPMorgan Chase, increased overall between the first quarter of 2007 and the second quarter of 2023. The lowest net income of the bank was measured in the third quarter of 2008, due to the financial crisis. After that, the net income of the American banking giant grew more-or-less steadily until the COVID-19 pandemic. The first quarter of 2020 was yet another low point in the bank's quarterly income, with a significant decrease compared to the previous quarters. Although JPMorgan Chase's net income peaked in the first quarter of 2021, it started to decrease again right after that, reaching the lowest value since the pandemic in the first quarter of 2022. After a rocky start of 2022, net income of the bank increased gradually, reaching almost 14.5 billion U.S. dollars in the second quarter of 2023.
Net income of JPMorgan Chase from 1st quarter 2007 to 2nd quarter 2023
(in million U.S. dollars)
Figures were taken from several publications. Year-on-year percentage change was calculated by Statista based on quarterly figures published by JPMorgan Chase.
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JPMorgan Chase, & Statista. (July 14, 2023). Net income of JPMorgan Chase from 1st quarter 2007 to 2nd quarter 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved February 08, 2025, from https://www.statista.com/statistics/1091629/jpmorgan-chase-net-income-per-quarter/?__sso_cookie_checker=failed
JPMorgan Chase, und Statista. "Net income of JPMorgan Chase from 1st quarter 2007 to 2nd quarter 2023 (in million U.S. dollars)." Chart. July 14, 2023. Statista. Accessed February 08, 2025. https://www.statista.com/statistics/1091629/jpmorgan-chase-net-income-per-quarter/?__sso_cookie_checker=failed
JPMorgan Chase, Statista. (2023). Net income of JPMorgan Chase from 1st quarter 2007 to 2nd quarter 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: February 08, 2025. https://www.statista.com/statistics/1091629/jpmorgan-chase-net-income-per-quarter/?__sso_cookie_checker=failed
JPMorgan Chase, and Statista. "Net Income of Jpmorgan Chase from 1st Quarter 2007 to 2nd Quarter 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 14 Jul 2023, https://www.statista.com/statistics/1091629/jpmorgan-chase-net-income-per-quarter/?__sso_cookie_checker=failed
JPMorgan Chase & Statista, Net income of JPMorgan Chase from 1st quarter 2007 to 2nd quarter 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1091629/jpmorgan-chase-net-income-per-quarter/?__sso_cookie_checker=failed (last visited February 08, 2025)
Net income of JPMorgan Chase from 1st quarter 2007 to 2nd quarter 2023 (in million U.S. dollars) [Graph], JPMorgan Chase, & Statista, July 14, 2023. [Online]. Available: https://www.statista.com/statistics/1091629/jpmorgan-chase-net-income-per-quarter/?__sso_cookie_checker=failed