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.
The biggest U.S. bank wants to get even bigger.
Exclusive: Letter from senators, led by Elizabeth Warren, says JPMorgan may have misled investors and public
JPMorgan (NYSE: JPM) stock has gained 21% YTD, as compared to the 17% rise in the S&P500 index. Notably, JPMorgan's peer Citigroup (NYSE: C) is up 22% YTD.
JPMorgan Chase enjoys a major size advantage. The company's projections (quantitative as well as qualitative) arguably understate how well it's apt to perform.
JPMorgan Chase & Co. (JPM) closed at $205.17 in the latest trading session, marking a +0.19% move from the prior day.
JPMorgan (JPM) remains well-poised for growth on higher rates, strategic restructuring and expansion moves and improving deal-making activities. Yet, fee income growth challenges are a major headwind.
JPMorgan JPM is slated to kick-start second-quarter 2024 earnings on Jul 12. The largest American bank's earnings draw a lot of interest from investors because of its presence in almost all the finance sector businesses, thus offering insight into how the quarterly performance of other banks is likely to be.