JPMorgan Chase & Co

JPM

Equity

ISIN US46625H1005 / Valor 1161460

New York Stock Exchange, Inc (2024-12-26)

USD 243.14+0.34%

JPMorgan Chase & Co
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About company

JPMorgan Chase & Co. is a preeminent global financial services firm, boasting assets of $2.6 trillion and a presence in over 60 countries. With a history extending more than 200 years, the company has established itself as a leader in various financial sectors, including investment banking, consumer and small business financial services, commercial banking, financial transactions processing, and asset management. It operates under the J.P. Morgan and Chase brands, serving a diverse clientele that ranges from individuals in the United States to some of the world's most significant corporate, institutional, and government entities. The firm's extensive global operations are supported by a workforce of more than 240,000 employees, underscoring its substantial role in the international financial landscape.

Summarized from source with an LLMView SourceSector: Finance

Net Income and Earnings

In the third quarter of 2024, JPMorgan Chase & Co. reported a net income of $12.9 billion, translating to $4.37 per share. The firm achieved a return on equity (ROE) of 16% and a return on tangible common equity (ROTCE) of 19%, reflecting strong financial performance during this period.

Revenue and Expenses

JPMorgan Chase & Co. recorded a reported revenue of $42.7 billion and managed revenue of $43.3 billion for the third quarter of 2024. The company's expenses amounted to $22.6 billion, resulting in a reported overhead ratio of 53% and a managed overhead ratio of 52%.

Credit Costs and Loan Growth

The firm incurred credit costs of $3.1 billion in the third quarter of 2024, which included $2.1 billion of net charge-offs and a $1.0 billion net reserve build. Average loans increased by 1% year-over-year and quarter-over-quarter, while average deposits also rose by 1% in both comparisons.

Capital Distributions

JPMorgan Chase & Co. declared a common dividend of $3.6 billion, or $1.25 per share, in the third quarter of 2024. Additionally, the company executed $6.0 billion of common stock net repurchases, resulting in a net payout over the last twelve months of 54%.

Asset Management and Investment Banking

In the third quarter of 2024, JPMorgan Chase & Co.'s Asset and Wealth Management division reported assets under management (AUM) of $3.9 trillion, up 23%. The Corporate and Investment Bank division saw investment banking fees increase by 31% year-over-year, maintaining its #1 ranking for Global Investment Banking fees with a 9.1% wallet share year-to-date.

Summarized from source with an LLMView Source

Key figures

44.4%1Y

54.6%3Y

74.9%5Y

Performance

22.9%1Y

25.0%3Y

32.5%5Y

Volatility