JPMorgan Chase & Co. Today | --- | --- | |-----------------------|-------| | | | | | | | | | | JPM | | | JPMorgan Chase & Co. | | | $222.29 | | | +9.45 (+4.44%) | | | 52-Week Range $135.19 | | | ▼ | | | $225.48 | | | Dividend Yield 2.25% | | | P/E Ratio 12.40 | | | Price Target $213.47 | | Add to Watchlist JPMorgan Chase & Company NYSE: JPM stock can hit new highs in 2024 because the fear induced by September's guidance warnings was misplaced, the Q3 results were better than expected, cash flow and capital ...

Earnings season is here — as always, led by the banks, and the banks led the CE 100 Index 1.7% higher through the past week. As a group, the banks were up 4.4%, and only two pillars, including the “Live” and “Have Fun” segments, showed slight losses.Within the banking pantheon, JPMorgan’s stock rallied 5.2%. As we reported in the wake of earnings, in the words of CFO Jeremy Barnum, consumer spending is seeing a period of “normalization” as consumers are on “solid footing.”As detailed in the company’s earnin ...

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 ...

Investment Rating - The report does not explicitly state an investment rating for J.P. Morgan (JPM.US) but indicates a positive outlook based on performance metrics exceeding expectations [2][5]. Core Insights - J.P. Morgan's Q3 2024 revenue and profit exceeded expectations, with a year-over-year revenue growth of 7.0%, surpassing Bloomberg's consensus forecast of 4.3% [2][4]. - Net interest income increased by 3.0% year-over-year, also better than the expected decline of 0.1% [2][4]. - Non-interest income grew by 12.3% year-over-year, outperforming the forecast of 7.8% [2][4]. - The cost-to-income ratio improved to 53%, down 2 percentage points year-over-year, better than the expected 55% [2][4]. - The net profit attributable to common stockholders decreased by 1.2% year-over-year, which was better than the anticipated decline of 8.2% [2][4]. - The report highlights strong performance in commercial banking, investment banking, and asset management, while consumer banking underperformed [2][4]. Summary by Sections Revenue and Profit Performance - Total revenue for Q3 2024 was $42.654 billion, with a year-over-year increase of 7.0% [4]. - Net interest income was $23.405 billion, reflecting a 3.0% increase year-over-year [4]. - Non-interest income reached $19.249 billion, a 12.3% increase year-over-year [4]. Asset Quality and Provisions - Total provisions for credit losses amounted to $3.111 billion, significantly higher than the previous year [4]. - The non-performing loans (NPL) ratio increased to 0.60%, which was below the expected 0.58% [2][4]. Capital Ratios and Returns - The Common Equity Tier 1 (CET1) ratio improved to 15.3%, exceeding the expected 15.1% [2][4]. - Return on Assets (ROA) was 1.23%, better than the forecast of 1.16% [2][4]. - Return on Equity (ROE) decreased to 16.00%, which was still above the expected 14.60% [2][4]. - Return on Tangible Common Equity (ROTCE) was 19.0%, surpassing the expected 17.6% [2][4]. Future Guidance - The guidance for net interest income for 2024 was raised by $1.5 billion to $92.5 billion [3]. - Adjusted expenses for 2024 were lowered by $0.5 billion to $91.5 billion [3]. - The company remains optimistic about maintaining strong loan growth despite potential regulatory changes [3].

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 ...