JPMorgan Chase reported second-quarter 2025 net income of $14.99 billion, with adjusted revenue of $45.68 billion, surpassing estimates of $44.05 billion. Earnings per share (EPS) reached $5.24, above the expected $4.47. The bank's return on equity (ROE) was 18%, exceeding the 15.1% forecast, while the provision for credit losses was $2.85 billion, lower than the estimated $3.22 billion. Total deposits stood at $2.56 trillion, and loans were $1.41 trillion, both above expectations. The standardized Common Equity Tier 1 (CET1) ratio was 15%, slightly below the estimated 15.4%. Morgan Stanley also beat expectations with Q2 revenue of $16.79 billion versus an estimate of $16.04 billion and EPS of $2.13 compared to $1.97 forecasted. Wealth management revenue was $7.76 billion, and equities sales and trading revenue was $3.72 billion, both exceeding estimates. However, provisions for credit losses were $196 million, above the expected $130.8 million. Goldman Sachs posted Q2 EPS of $10.91, beating the estimated $9.77, and revenue of $14.58 billion, surpassing the $13.53 billion forecast. The bank's return on equity was 12.8%, and it raised its quarterly dividend to $4 per share for Q3. American Express reported Q2 revenue of $17.86 billion and EPS of $4.08, both exceeding estimates. Card member spending reached a record $416.3 billion, up 7% year-over-year. The company reaffirmed its full-year EPS guidance between $15 and $15.50 and revenue growth of 8% to 10%. The increase in revenue was driven by a 20% jump in card fees, despite a slight decline in net income to $2.89 billion from $3.02 billion a year earlier. Provisions for credit losses increased as well. Overall, major U.S. banks reported better-than-expected earnings for the second quarter of 2025, supported by strong revenue growth, trading performance, and consumer spending.