JP Morgan Chase
Long

The U.S. Biggest Bank JPMorganChase Beats On Revenue & Earnings

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Here are the key takeaways from their latest earnings report:

• Adjusted Revenue: $43.74B vs $42.01B exp

• EPS: $4.81 vs $4.04 exp

• Net Income: $FWB:14B (+50% YoY), FY $58.5B

• Return on Equity: 17% vs 14.1% exp

• Average Loans: $1.3T (+2% YoY)

• Average Deposits: $2.4T (-4%)

• Investment Banking Revenue: $2.6B (+46% YoY)

• #1 ranking for Global Investment Banking fees with 9.3% wallet share for the year

• Markets Revenue: 77B — Fixed Income 55B (+20 YoY), Equity: 22B (+22% YoY)

• Asset & Wealth Management Revenues: $5.8B (+13%)

• Asset & Wealth Management AUM: $4.0T (+18% YoY)

• NII 2024: $93B, Markets 11B

• NII 2025 Forecast: ~$94B, Markets 44B

Jamie Dimon, Chairman and CEO, commented:

“The Firm concluded the year with a strong fourth quarter, generating net income of $14.0 billion.”

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