CEO of Chase Jamie Dimon looks connected arsenic helium attends the seventh "Choose France Summit", aiming to pull overseas investors to the country, astatine the Chateau de Versailles, extracurricular Paris, connected May 13, 2024.
Lucovic Marin | Getty Images
JPMorgan Chase posted 3rd 4th results that topped estimates for nett and gross arsenic the institution generated much involvement income than expected.
Here's what the institution reported:
- Earnings: $4.37 a share, vs. expected $4.01 a stock LSEG estimate
- Revenue: $43.32 billion, vs. expected $41.63 billion
The biggest American slope has thrived successful a rising complaint environment, posting grounds nett income figures since the Fed started hiking rates successful 2022.
Now, with the Fed cutting rates, determination are questions arsenic to however JPMorgan volition navigate the change. Like different large banks, it's margins whitethorn beryllium squeezed arsenic yields connected interest-generating assets similar loans autumn faster than its backing costs.
Last month, JPMorgan dialed back expectations for 2025 nett involvement income and expenses, and analysts volition privation much details connected those projections.
Analysts volition besides privation to perceive JPMorgan CEO Jamie Dimon's thoughts astir the upcoming U.S. predetermination and the industry's efforts to propulsion backmost against an array of regulatory moves to rein successful fees and unit banks to clasp much capital.
Shares of JPMorgan person jumped 25% this year, exceeding the 20% summation of the KBW Bank Index.
Wells Fargo is scheduled to merchandise results aboriginal Friday, portion Bank of America, Goldman Sachs, Citigroup and Morgan Stanley study adjacent week.
This communicative is developing. Please cheque backmost for updates.
English (US) ·