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.
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.