High rates, robust loan balance, a rise in mortgage banking income and solid IB and trading businesses aid JPMorgan's (JPM) Q2 earnings. High credit costs and non-interest expenses are headwinds.
JPMorgan's latest results, released Friday (July 12), showed that consumers continued to use their cards in full force, for both debit and credit payments.
JPMorgan Chase (JPM) reported second-quarter results that surpassed analysts' expectations, thanks in part to a surge in investment banking revenue on higher fees and a boost from an exchange of the company's Visa shares.
The headline numbers for JPMorgan Chase & Co. (JPM) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
JPMorgan Chase & Co. NYSE: JPM shows a Rising Wedge Pattern. Like all technical patterns, it is never 100% correct but often signals a bearish reversal in the underlying market.
JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) announced record-breaking Q2 earnings, driven by exceptional performance from its investment banking and equities trading divisions. The bank reported a net income of $18.1 billion, with earnings per share (EPS) of $6.12.
JPMorgan Chase & Co. (JPM) came out with quarterly earnings of $4.40 per share, beating the Zacks Consensus Estimate of $4.19 per share. This compares to earnings of $4.37 per share a year ago.
The biggest U.S. bank wants to get even bigger.
JPMorgan Chase's profit rose in the second quarter, buoyed by rising investment banking fees and an $8 billion accounting gain from a share exchange deal with Visa.
Dimon recently shocked the banking world when he said he would step down sooner than his original time frame of five years.
The second-quarter 2024 earnings for the Finance sector start tomorrow, with three big banks – JPMorgan JPM, Citigroup C, and Wells Fargo WFC – slated to announce quarterly numbers. Another big bank, Bank of America BAC, will come up with results on Jul 16.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for JPMorgan Chase & Co. (JPM), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.