America’s biggest banks say consumers are still spending in spite of inflation.As Reuters reported Friday (Oct. 11), earnings from two of the country’s biggest banks — and optimistic commentary from their executives — could make investors less worried that high borrowing costs were pressuring consumers and leading to a possible downturn.“Overall, we see the spending patterns as being sort of solid,” said Jeremy Barnum, chief financial officer of JPMorgan, who added that spending patterns had returned to nor ...

[Table_Title] 研究报告 Research Report 11 Oct 2024 摩根大通 J.P. Morgan (JPM US) 营收利润超预期，资产质量不及预期 Revenue & Profit Beat, NPL Ratio Miss 周琦 Nicole Zhou, CFA 林加力 Jiali Lin nicole.q.zhou@htisec.com jiali.lin@htisec.com [Table_yemei1] 热点速评 Flash Analysis [Table_summary] (Please see APPENDIX 1 for English summary) 事件 摩根大通（JPM.US）发布 2024 年三季度业绩报告。 点评 24Q3 营收利润均超预期，消费社区银行业务不及预期，商业银行、企业投行和资产财富管理业务超预期： 营业收入同比+7.0%，优于彭博一致预期的+4.3%。 o 净利息收入+3.0%，优于于彭博一致预期的-0.1%。存贷款增长和净息差均优于预期。 o 非息收入同比+12.3%，优于彭博一致预期的+7.8%。 成本收入比同比-2pct 至 53%， ...

As 2024 draws to a close, and as evidenced by management remarks and data in the latest earnings results from JPMorgan Chase, posted on Friday (Oct. 11), consumer spending, in the words of CFO Jeremy Barnum, is seeing a period of “normalization” as consumers are on “solid footing.”Spending growth is still growth.“I think what there is to say about consumer spend is a little bit boring in a sense because what’s happened is that it’s become normal,” Barnum said on the call with analysts, adding that “we’re ge ...

Take AwaysJPMorgan Chase CEO Jamie Dimon on Friday expressed worry about the world's geopolitical state, saying that "recent events show that conditions are treacherous and getting worse."Dimon says despite the U.S. economy's resilience and slowing inflation, "several critical issues remain."JPMorgan Chase shares surged Friday after the bank's third-quarter revenue and profit came in above consensus estimates. JPMorgan Chase (JPM) Chief Executive Officer (CEO) Jamie Dimon expressed concern about the geopoli ...

JPMorgan Chase & Co. (NYSE:JPM) Q3 2024 Earnings Conference Call October 11, 2024 8:30 AM ET Company Participants Jeremy Barnum - Chief Financial Officer Jamie Dimon - Chairman and Chief Executive Officer Conference Call Participants Jim Mitchell - Seaport Global Securities Steven Chubak - Wolfe Research Erika Najarian - UBS Glenn Schorr - Evercore ISI Gerard Cassidy - RBC Capital Markets Mike Mayo - Wells Fargo Securities Ebrahim Poonawala - Bank of America Betsy Graseck - Morgan Stanley Saul Martinez - HS ...

JPMorgan Chase's CEO said Friday that he doesn't plan to join the next presidential administration.Jamie Dimon said he expects to stay at JPMorgan "for a long period" rather than join the government.One way that Dimon might do that after stepping down as CEO is to stay on as chairman. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorit ...

Pre-market futures are mixed ahead of the final trading session of the week. Major indexes are up, thanks to a robust day on the markets Wednesday, with the exception of the small-cap Russell 2000, which is down -1% from this time a week ago. The Dow is currently +20 points, the S&P 500 is flat and the Nasdaq is -35 points.PPI: Wholesale Inflation 0.0%, +1.8% Year over YearThe sister report to yesterday’s Consumer Price Index (CPI), which details retail pricing and inflation, is this morning’s Producer Pric ...

High interest rates and solid investment banking (IB) business performance drove JPMorgan’s (JPM) third-quarter 2024 earnings to $4.37 per share. The bottom line handily surpassed the Zacks Consensus Estimate of $4.02.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Behind JPMorgan’s Headline NumbersAs expected, the IB business witnessed a solid growth. Equity underwriting fees jumped 26% and debt underwriting fees grew 56%. Also, advisory fees rose 10%. Overall, total IB fees were u ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

For the quarter ended September 2024, JPMorgan Chase & Co. (JPM) reported revenue of $42.65 billion, up 7% over the same period last year. EPS came in at $4.37, compared to $4.33 in the year-ago quarter.The reported revenue represents a surprise of +3.87% over the Zacks Consensus Estimate of $41.06 billion. With the consensus EPS estimate being $4.02, the EPS surprise was +8.71%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...