{
  "slug": "jpmorgan-chase-co",
  "symbol": "JPM",
  "name": "JPMorgan Chase & Co",
  "fiscalYearEnd": "2025-12-31",
  "filing": {
    "accession": "0001628280-26-008131",
    "form": "10-K",
    "filed": "2026-02-13",
    "url": "https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm"
  },
  "model": "claude-haiku-5-5",
  "promptVersion": "2026-10-31.2",
  "generatedAt": "2026-10-31T19:42:23.196936+00:00",
  "segments": null,
  "sections": {
    "businessModel": [
      {
        "de": "Nach eigener Darstellung ist das Unternehmen führend im Investmentbanking, bei Finanzdienstleistungen für Privatkunden und Kleinunternehmen, im Firmenkundengeschäft, bei der Abwicklung von Finanztransaktionen und im Asset Management.",
        "en": "The company describes itself as a leader in investment banking, financial services for consumers and small businesses, commercial banking, processing of financial transactions and asset management.",
        "quote": "The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management."
      },
      {
        "de": "Im Vereinigten Königreich betreibt das Unternehmen eine Privatkundenbank über J.P. Morgan Europe Limited und bietet Vermögensverwaltung für Privatkunden über J.P. Morgan Personal Investing Limited an.",
        "en": "In the UK, the company runs a retail bank through J.P. Morgan Europe Limited and provides retail investment management services through J.P. Morgan Personal Investing Limited.",
        "quote": "In the U.K., the Firm operates a retail bank through J.P. Morgan Europe Limited (“JPMEL”) and provides retail investment management services through J.P. Morgan Personal Investing Limited (“JPM PI”)."
      },
      {
        "de": "Es kann in der Regel erwartet werden, dass das Unternehmen mehr Zinsüberschuss erzielt, wenn die Zinsen hoch sind oder steigen.",
        "en": "The company may generally be expected to earn higher net interest income when interest rates are high or rising.",
        "quote": "JPMorganChase may generally be expected to earn higher net interest income when interest rates are high or increasing."
      },
      {
        "de": "Das Unternehmen verdient Gebühren für die Verwaltung von Kundenvermögen und für die Verwahrung von Vermögenswerten für Kunden. Diese Gebühren könnten sinken, wenn Vermögenswerte an Wert verlieren oder sich die gesamtwirtschaftlichen Bedingungen verschlechtern.",
        "en": "The company earns fees for managing client assets and for holding assets in custody for clients. These fees could fall if asset values decline or economic conditions worsen.",
        "quote": "The fees that JPMorganChase earns from managing client assets or holding assets under custody for clients could be diminished by declining asset values or other adverse macroeconomic conditions."
      }
    ],
    "customers": [
      {
        "de": "Das Unternehmen betreut Millionen von Kunden, überwiegend in den USA. Außerdem betreut es viele Firmen-, institutionelle und staatliche Kunden weltweit, die es nach eigener Darstellung zu den bekanntesten zählt.",
        "en": "The company serves millions of customers, mainly in the U.S. It also serves many corporate, institutional and government clients worldwide, which it describes as among the most prominent.",
        "quote": "the Firm serves millions of customers, predominantly in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally"
      },
      {
        "de": "Das Unternehmen führt regelmäßig Geschäfte mit Kunden und Gegenparteien durch, etwa mit Unternehmen, Banken, Vermögensverwaltern, Hedgefonds, Börsen und staatlichen Stellen weltweit.",
        "en": "The company routinely does transactions with clients and counterparties such as companies, banks, asset managers, hedge funds, exchanges and government bodies worldwide.",
        "quote": "JPMorganChase routinely executes transactions with clients and counterparties such as corporations, financial institutions, asset managers, hedge funds, securities exchanges and government entities globally."
      }
    ],
    "competition": [
      {
        "de": "Das Unternehmen konkurriert im Allgemeinen über die Qualität und Vielfalt seiner Produkte und Dienstleistungen, die Ausführung von Transaktionen, Innovation, Reputation und Preis.",
        "en": "The company generally competes on the quality and variety of its products and services, how transactions are executed, innovation, reputation and price.",
        "quote": "The Firm’s businesses generally compete on the basis of the quality and variety of the Firm’s products and services, transaction execution, innovation, reputation and price."
      },
      {
        "de": "Zu den genannten Arten von Wettbewerbern zählen andere Banken, Brokerhäuser, Investmentbanken, Merchant Banks, Hedgefonds, Rohstoffhandelsunternehmen, Private-Equity-Gesellschaften und Versicherungsunternehmen.",
        "en": "Named types of competitors include other banks, brokerage firms, investment banking companies, merchant banks, hedge funds, commodity trading companies, private equity firms and insurance companies.",
        "quote": "Competitors include other banks, brokerage firms, investment banking companies, merchant banks, hedge funds, commodity trading companies, private equity firms, insurance companies"
      },
      {
        "de": "Es kommen laufend neue Wettbewerber hinzu, darunter Firmen, die Produkte nur über das Internet anbieten, und Nichtfinanzunternehmen, deren Produkte traditionelle Bankprodukte ersetzen.",
        "en": "New competitors keep emerging, including firms that offer products only over the internet and non-financial companies whose products replace traditional bank products.",
        "quote": "New competitors in the financial services industry continue to emerge, including firms that offer products and services solely through the internet and non-financial companies that offer products and services that disintermediate traditional banking products"
      }
    ],
    "risks": [
      {
        "de": "Das Unternehmen ist als Beklagter genannt oder anderweitig in viele zivilrechtliche und staatliche Verfahren eingebunden, darunter Sammelklagen und Streitigkeiten mit Dritten.",
        "en": "The company is named as a defendant or is otherwise involved in many civil and government legal proceedings, including class actions and disputes with third parties.",
        "quote": "JPMorganChase is named as a defendant or is otherwise involved in many civil and governmental legal proceedings, including class actions, derivative actions and other litigation or disputes with third parties"
      },
      {
        "de": "Das Unternehmen musste in der Vergangenheit erhebliche Strafen und andere Folgen tragen, als staatliche Untersuchungen und Durchsetzungsverfahren beigelegt wurden.",
        "en": "The company has in the past incurred significant penalties and other consequences when resolving government investigations and enforcement actions.",
        "quote": "JPMorganChase has in the past incurred significant penalties and experienced collateral consequences and other repercussions in connection with resolving investigations and enforcement actions by governmental authorities"
      },
      {
        "de": "Kunden, die auf Mieteinnahmen aus Gewerbeimmobilien angewiesen sind, könnten durch anhaltend ungünstige wirtschaftliche Bedingungen oder Veränderungen wie hybride Arbeitsmodelle beeinträchtigt werden, die Vermietungen verringern.",
        "en": "Clients that rely on rent from commercial real estate could be hurt by lasting adverse economic conditions or changes such as hybrid work models that reduce tenancies.",
        "quote": "clients that rely on rental income from commercial real estate properties could be negatively affected by sustained adverse economic conditions or circumstances (such as hybrid work models) that reduce tenancies."
      },
      {
        "de": "Die Kreditratings des Unternehmens wurden in der Vergangenheit herabgestuft, und es gibt keine Gewähr, dass sie nicht auch künftig herabgestuft werden.",
        "en": "The company's credit ratings have been downgraded in the past, and there is no assurance they will not be downgraded in the future.",
        "quote": "JPMorganChase has experienced credit ratings downgrades in the past, and there is no assurance that JPMorganChase’s credit ratings will not be downgraded in the future."
      }
    ]
  }
}