JPMorgan Chase's profit fell in the fourth quarter of last year.

On the 13th, the largest bank in the United States, JPMorgan Chase, released its financial report, showing that due to factors such as setting aside $2.2 billion in credit loss reserves for the purchase of Apple's co-branded credit card business, the bank's net income for the fourth quarter of 2025 was $13.025 billion, a decrease of 10% and 7% respectively compared to the previous quarter and the same period last year. JPMorgan Chase CEO Jamie Dimon said in the report that the market seems to underestimate the potential dangers of the U.S. economy, including complex geopolitical conditions, inflation risks, and high asset prices. In an interview with the media on the same day, he said that government intervention in the Federal Reserve will lead to higher inflation and interest rates, contradicting the goal of President Trump to lower interest rates. JPMorgan Chase and Apple jointly announced on the 7th that JPMorgan Chase will acquire over $20 billion in Apple's co-branded credit card assets from Goldman Sachs and will become the issuing institution of the co-branded card, with the transaction expected to be completed in approximately 24 months.