JPMorgan Chase's CEO said Friday that he doesn't plan to join the next presidential administration. Jamie Dimon said he expects to stay at JPMorgan "for a long period" rather than join the government.
Pre-market futures are mixed ahead of the final trading session of the week. Major indexes are up, thanks to a robust day on the markets Wednesday, with the exception of the small-cap Russell 2000, which is down -1% from this time a week ago.
High rates, modest loan demand, robust IB business and decent trading numbers aid JPM's third-quarter earnings, while a jump in provisions is an undermining factor.
CNBC's Leslie Picker reports on the takeaways from Wells Fargo earnings report.
JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) reported a strong third-quarter performance, surpassing Wall Street expectations with a surprise gain in net interest income (NII). The bank posted earnings per share (EPS) of $4.37, beating the $4.01 estimate, while revenue reached $43.32 billion, topping the expected $41.63 billion.
While the top- and bottom-line numbers for JPMorgan Chase & Co. (JPM) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Daniel Kern says JPMorgan Chase (JPM) CEO Jamie Dimon is taking a "well-earned victory lap" after posting an earning beat. He breaks down the report to show how the banking giant is building a "powerhouse" for itself.
JPMorgan Chase & Co (NYSE:JPM) took to the earnings confessional this morning, where it reported third-quarter earnings per shares of $4.37 on revenue of $43.32 billion, both of which beat Wall Street's expectations.
JPMorgan Chase & Co. reported a surprise gain in net interest income for the third quarter and raised its forecast for the key revenue source, even amid expectations that US interest rates will continue to fall. Sonali Basak breaks down the earnings on "Bloomberg Surveillance.
JPMorgan Chase & Co. (JPM) came out with quarterly earnings of $4.37 per share, beating the Zacks Consensus Estimate of $4.02 per share. This compares to earnings of $4.33 per share a year ago.
JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East and with Russia's invasion of Ukraine showing no signs of abating. "We have been closely monitoring the geopolitical situation for some time, and recent events show that conditions are treacherous and getting worse," Dimon said Friday in the bank's third-quarter earnings release.
JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) reported a dip in net income over the third quarter, as more was set aside to cover bad loans and chief executive Jamie Dimon warned on geopolitical tensions. Some US$3.1 billion was set aside to cover credit losses against US$1.4 billion a year ago, the Wall Street bank reported on Thursday.