What are the top risks for JPMORGAN CHASE & CO (JPM)?

The top risks identified in the 10-Q filing are: Cyber and Technology Security Failures, Geopolitical Instability and Extraordinary Events, Adverse Judicial or Regulatory Proceedings. The firm faces significant risks related to cybersecurity and technology infrastructure, alongside moderate threats from geopolitical instability and regulatory actions. These risks are well-defined but require continuous management to mitigate potential impacts on operations and financial performance.

JPM - Comprehensive Filing Intelligence

Q3 2025•10-Q•Filed Nov 4, 2025

6.0/10

Filing Health:GOOD

Solid fundamentals with minor concerns to monitor

Executive Summary

Despite strong reported net income, operating cash flow is significantly negative due to substantial working capital swings, particularly in trading assets and liabilities.. Revenue quality appears robust with strong growth in noninterest revenue driven by Markets and asset management, though concerns exist regarding deposit margin compression and rising rewards costs in card services.. Investment Banking fees up 16% YoY

Top Concerns

!Revenue quality appears robust with strong growth in noninterest revenue driven by Markets and asset management, though concerns exist regarding deposit margin compression and rising rewards costs in card services.
!No specific accounting red flags identified.
!Cyber and Technology Security Failures (high)
!Geopolitical Instability and Extraordinary Events (medium)

Top Positives

+Despite strong reported net income, operating cash flow is significantly negative due to substantial working capital swings, particularly in trading assets and liabilities.
+Revenue quality appears robust with strong growth in noninterest revenue driven by Markets and asset management, though concerns exist regarding deposit margin compression and rising rewards costs in card services.

Analysis Dimensions

Our 5-pass AI analysis examines this filing across multiple dimensions. Each dimension score is derived from direct analysis of SEC filing text.

Narrative Intelligence

7.0/10

Management tone is confidently optimistic.

Full analysis includes: tone changes vs prior quarter, margin driver breakdown, forward guidance analysis, strategic priorities.

Accounting Quality

7.0/10

Earnings quality shows moderate accounting practices.

Full analysis includes: reserve and allowance changes, non-recurring item analysis, stock-based compensation impact, disclosure concerns.

Hidden Liabilities

Off-balance sheet risk is low.

Full analysis includes: cloud and purchase commitments, VIE/SPE exposure, covenant compliance status, refinancing risk assessment.

Risk Landscape

4.0/10

Overall risk profile shows cyber and technology security failures as primary concern.

Full analysis includes: 8 risk categories with severity, new vs escalated risks, management response assessment, risk trend analysis.

Segment Performance

7.0/10

Segment health analysis.

Full analysis includes: segment-by-segment revenue breakdown, geographic concentration risk, customer concentration analysis, segment margin trends.