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.And though there are pockets of weakness in spending from lower income cohorts, according to management, spending trends are still strong — and there remain opportunities to grow presence in the card market.The second-quarter results and supplementals from the company indicated that credit card loans were up 13% year on year to $216 billion, up 5% from th ...

Key TakeawaysJPMorgan Chase reported second-quarter results that surpassed analysts' expectations.The banking giant reported revenue on a managed basis of $50.99 billion, above analysts' estimates as investment banking revenue surged on higher fees.The bank's profit rose 25% from the same time last year to $18.15 billion, beating projections, largely thanks to a $7.9 billion gain from an exchange of the company's Visa shares. JPMorgan Chase (JPM) reported second-quarter results that surpassed analysts' expe ...

JPMorgan Chase & Co. (JPM) reported $50.2 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 21.5%. EPS of $4.40 for the same period compares to $4.37 a year ago.The reported revenue represents a surprise of +11.45% over the Zacks Consensus Estimate of $45.04 billion. With the consensus EPS estimate being $4.19, the EPS surprise was +5.01%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...

JPMorgan Chase & Co. Today | --- | --- | |-----------------------|-------| | | | | | | | | | | JPM | | | JPMorgan Chase & Co. | | | $202.63 | | | -4.82 (-2.32%) | | | 52-Week Range $135.19 | | | | | | ▼ | | | $210.38 | | | Dividend Yield 2.27% | | | P/E Ratio 12.24 | | | Price Target $198.61 | | Add to Watchlist 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. A rising wedge occur ...

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 ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.01%. A quarter ago, it was expected that this company would post earnings of $4.18 per share when it actually produced earnings of $4.63, delivering a surprise of 10.77%.Over the last four quarters, the compa ...

2Q24 Financial Results July 12, 2024 2Q24 Financial highlights Std. RWA4 $1.7TCET1 capital ratios3 ROTCE1 28% Std. 15.3% | Adv. 15.5%Cash and marketable securities5 $1.5T ROTCE ex. significant items2 20% Total Loss-Absorbing Capacity3 $534BAverage loans $1.3T ⚫ 2Q24 net income of $18.1B and EPS of $6.12 – Excluding significant items2, 2Q24 net income of $13.1B, EPS of $4.40 and ROTCE of 20% Income statement ⚫ Managed revenue of $51.0B6 ⚫ Expense of $23.7B and managed overhead ratio of 47%6 ⚫ Loans: average ...

Exhibit 99.2 EARNINGS RELEASE FINANCIAL SUPPLEMENT SECOND QUARTER 2024 JPMORGAN CHASE & CO. TABLE OF CONTENTS | --- | --- | |-------------------------------------------------|---------| | | Page(s) | | Consolidated Results | | | Consolidated Financial Highlights | 2–3 | | Consolidated Statements of Income | 4 | | Consolidated Balance Sheets | 5 | | Condensed Average Balance Sheets and Annualized | | | Yields | 6 | | Reconciliation from Reported to Managed Basis | 7 | | Segment Results - Managed Basis | 8 | ...

The race at JPMorgan to replace CEO Jamie Dimon is on full throttle – even if the mega-bank is doing a great job keeping a lid on the contretemps from leaking to the press. The legendary financier recently shocked the banking world when he said he would step down sooner than his original time frame of five years – maybe two or three years when he’s 70 years of age or so.I say “shocked” because Dimon is still at the top of his game, keeping JPMorgan largely scandal-free and holding the distinction as maybe t ...

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.Heading into the earnings season, investors seem to be tremendously bullish about these big banks’ quarterly performance. All four stocks touched 52-week/all-time highs in recent days. America’s biggest bank – JPMorgan – scaled an all-time high ...