$JPM (-1.86%)
🔹 EPS: $5.07 (Est. $4.65) 🟢; UP +14% YoY
🔹 Managed Revenue: $46.01B (Est. $44.39B) 🟢; UP +8% YoY
🔹 Provision for Credit Losses: $3.31B (Est. $2.70B) 🔴; UP +75% YoY
🔹 Net Reserve Build: $973M
🔹 Net Income: $14.64B; UP +9% YoY
🔹 ROE: 18%
🔹 ROTCE: 21%
🔹 CET1 Ratio (Std.): 15.4%
🔹 Book Value per Share: $119.24; UP +12% YoY
🔹 Tangible Book Value per Share: $100.36; UP +13% YoY
Outlook:
🔸 SEES FY NET INTEREST INCOME ABOUT $94.5B, SAW ABOUT $94B
Capital & Liquidity:
🔹 Cash & Marketable Securities: $1.5T
🔹 Average Loans: $1.3T; UP +2% YoY
🔹 Average Deposits: UP +2% YoY
🔹 Share Buybacks: $7.1B
🔹 Quarterly Dividend: $1.40/share; $3.9B total
Segment Highlights
Consumer & Community Banking (CCB):
🔹 Revenue: $18.31B; UP +4% YoY
🔹 Net Income: $4.43B; DOWN -8% YoY
🔸 Card Services & Auto Revenue: $6.85B; UP +12%
🔸 Debit & Credit Card Sales Volume: UP +7% YoY
🔸 Active Mobile Customers: UP +8% YoY
🔹 Provision for Credit Losses: $2.63B; UP +37% YoY
🔸 Card Net Charge-Off Rate: 3.58%
Corporate & Investment Bank (CIB):
🔹 Revenue: $19.67B; UP +12% YoY
🔹 Net Income: $6.94B; UP +5% YoY
🔸 Investment Banking Fees: $2.27B (Est. $2.34B) 🔴; UP +12% YoY
🔹 FICC Trading Revenue: $5.85B (Est. $5.99B) 🔴; UP +8% YoY
🔹 Equities Trading Revenue: $3.81B (Est. $3.18B) 🟢; UP +48% YoY
🔸 Securities Services Revenue: UP +7% YoY
🔹 Markets Revenue: $9.7B; UP +21% YoY (Record Equities Performance)
Asset & Wealth Management (AWM):
🔹 Revenue: $5.73B; UP +12% YoY
🔹 Net Income: $1.58B; UP +23% YoY
🔹 AUM: $4.1T; UP +15% YoY
🔹 Client Assets: $6.0T; UP +15% YoY
🔸 Net Inflows: $90B
🔸 Higher asset-based and brokerage fees supported growth
Corporate:
🔹 Revenue: $2.30B; UP +5% YoY
🔹 Net Income: $1.69B; UP +150% YoY
🔸 Includes $588M gain from First Republic-related asset sale
🔸 Expense fell sharply due to reversal of FDIC special assessment
