Although the revenue and EPS for JPMorgan Chase & Co. (JPM) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Earnings season had a strong starts thanks to big banks posting plenty of positive numbers. Alex Coffey turns to a macro perspective of big banks by analyzing the sector.
JPMorgan Chase & Co. delivered a blowout Q4 with a 21% ROTCE, driven by strong FICC trading and a steepening yield curve. The bank's 2025 NII guidance of $94 billion exceeded expectations, reflecting a resilient U.S. economy and loan volume growth. Each division performed exceptionally well, with CIB and AWM showing impressive ROE and net income growth, driven by market gains and fee income.
JPMorgan Chase & Co. (JPM) came out with quarterly earnings of $4.81 per share, beating the Zacks Consensus Estimate of $4.03 per share. This compares to earnings of $3.97 per share a year ago.
Banks are seeing strong price gains in premarket trading so far, but keep in mind that CPI numbers will release at 8:30 a.m.
Stephen Biggar of Argus Research discusses what will be the key drivers of Q4 results from the big banks.
JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) posted earnings that beat Wall Street expectations to kick off bank earnings season in strong style. The largest US bank by assets reported progress for all its divisions, led by a 49% rise in investment banking fees and record revenues from asset management.
JPMorgan Chase on Wednesday posted record annual profit as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter.
U.S. stock futures advanced on Wednesday following Tuesday's mixed close. Futures of all four major indices rose in premarket trade.
JPMorgan (JPM) has announced new leadership changes as president and chief operating officer (COO) Daniel Pinto plans to step down at the end of 2025. Co-CEO of the commercial and investment bank Jennifer Piepszak will assume the COO role effective immediately, while current co-head of global banking Doug Petno will succeed Piepszak.
JPMorgan Chase (JPM) announced a flurry of executive role changes Tuesday that raised new questions about who could succeed CEO Jamie Dimon in the bank's top job.
J.P. Morgan Chase President and Chief Operating Officer Daniel Pinto is retiring and will be replaced by Jennifer Piepszak, co-CEO of commercial and investment banking. Pinto, who has served the banking giant for 40 years, will relinquish his role June 30 and then retire next year, according to a Tuesday (Jan. 14) press release.