JPM
JPMorgan Chase Co
Q3 2024 Report
JPMorgan Chase & Co (JPM) Q3 2024 Earnings Report: Steady Through Turbulence...
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Executive Summary
JPMorgan Chase Co (JPM) delivered an impressive performance in Q4 2024, reporting net income of $14 billion and earnings per share (EPS) of $4.81, marking a year-over-year (YoY) increase in revenue of 10%. The firm's success was driven by a substantial increase in advisory and investment banking fees, alongside increased market revenues, highlighting the effectiveness of their diversified business model during a challenging interest rate environment. Management emphasized a focus on operational efficiency, significant client engagement, and a strong balance sheet as key factors that will help navigate potential economic headwinds and enhance shareholder value going forward.
Key Performance Indicators
Revenue
42.77B
QoQ: 0.26% | YoY:10.80%
Gross Profit
42.77B
1.00% margin
QoQ: 0.26% | YoY:10.80%
Operating Income
19.50B
QoQ: -48.26% | YoY:20.90%
Net Income
14.01B
QoQ: 8.58% | YoY:50.48%
EPS
4.82
QoQ: 10.05% | YoY:58.55%
Revenue Trend
Margin Analysis
Key Insights
Revenue for Q4 2024 was reported at $43.7 billion, up from $39.9 billion YoY. Net Income showed a robust 50% increase from the previous year. The bank's return on tangible common equity (ROTCE) was a notable 21%, demonstrating effective capital utilization. The Tier 1 Capital Ratio stood at 15.7%, reflecting prudent risk management and strong capital position. The net interest income (NII) excluding markets declined by $548 million, driven by deposit margin compression despite a more than 3...