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- Higher interest rates, the First Republic Bank deal, modest improvement in investment banking (IB) business and solid loan balance drove JPMorgan ’s JPM fourth-quarter 2023 adjusted earnings to $3.97 per share. The bottom line handily outpaced the Zacks Consensus Estimate of $3.73.
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Jan 12, 2024 · In its fourth-quarter earnings report Friday, JPMorgan (JPM) said last year was its best year ever for full-year net income, which tipped the scales at $49.6 billion. The Wall Street...
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JPMorgan Chase's net interest margin came in above analysts' consensus estimates.
Net interest margin is a measure of the difference between the interest banks earn on their assets and the interest they pay out to depositors and other creditors.
JPMorgan Chase & Co. (
) reported mixed results in its
(EPS) and revenue both missed analyst estimates.
quarterly EPS declined by 27.8% year-over-year (YOY), while revenue was up less than 1.0%. The decline in net income was partly fueled by a net credit reserve build and net charge-offs. Higher rates and balance sheet growth supported revenue performance, while gross investment banking revenue plunged.
of 1.80%, up significantly from the 1.62% posted in the prior-year quarter. This key metric measures the difference between the income banks generate from credit products like loans and mortgages compared with the interest they pay to depositors and other creditors. It is analogous to
reported by non-financial companies, which is the difference between sales and cost of goods sold. Note that JPMorgan refers to net interest margin as "net yield on interest-earning assets" in its financial materials.
In its earnings release, JPMorgan did not provide forward guidance for the company. Chairman and Chief Executive Officer (
) Jamie Dimon did cite geopolitical turmoil, inflation, declines in consumer confidence, quantitative tightening, and other factors as likely to have negative impacts on the overall global economy. Dimon said the bank bolstered its customer base by extending credit and raising capital of $1.4 trillion in the first half of 2022 for businesses, governments and U.S. consumers.
In early June, Dimon warned shareholders that an economic “
” was approaching. In a conference call today after the release of second-quarter earnings, Dimon said his view hadn’t changed. Instead, he said that his concerns had moved closer, and that some of the financial dislocations he expected had begun to materialize.
Jan 12, 2024 · Higher interest rates, the First Republic Bank deal, modest improvement in investment banking (IB) business and solid loan balance drove JPMorgan ’s JPM fourth-quarter 2023 adjusted earnings to...
Firmwide Metrics. ROE 16% ROTCE 19% Credit costs net benefit of $1.3 billion included a $1.8 billion net reserve release and $550 million of net charge-offs. Average loans up 6%; average deposits up 17% $1.7 trillion of liquidity sources, including HQLA and unencumbered marketable securities6.
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Apr 12, 2024 · By. Alexander Saeedy. , Reporter. JPMorgan Chase forecast that its annual net interest income would be flat from last year. (Travis Dove for The Wall Street Journal) JPMorgan Chase's...
Apr 14, 2021 · Key Takeaways. Earnings were bolstered by the release of $5.2 billion in reserves which JPM no longer thinks are necessary to cover potential loan losses. JPM's net interest margin...
Find annual and quearterly earnings data for JP Morgan Chase & Co. Common Stock (JPM) including earnings per share, earnings forecasts at Nasdaq.com.
