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BamBamInvest
@BamBamInvest
6D·

CEO Jamie Dimon on the US economy and risks:

$JPM (-0,17 %)


"The US economy has proven to be robust. Unemployment remains relatively low and consumer spending remained strong through the vacation season. Businesses are more optimistic about the economy and are encouraged by expectations of a more growth-oriented agenda and improved cooperation between government and business."


"However, two significant risks remain. Current and future spending needs are likely to be inflationary and therefore inflation could persist for some time. In addition, geopolitical conditions remain the most dangerous and complicated since the Second World War. As always, we hope for the best, but are preparing the company for a variety of scenarios."

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$C (-0,14 %) , $WFC (+0,15 %) , $BAC (+0,24 %) , $DBK (+0,4 %) , $SOFI (+1,38 %) , $BLK (+0,76 %) , $MS (-0,3 %) , $HSBA (-0,39 %) ,

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BamBamInvest
@BamBamInvest
6D·

JPMorgan Chase Q4 Earnings Highlights

$JPM (-0,17 %)


Very strong result

  • Revenue: $43.74B (Est. $41.71B) ; UP +10% YoY
  • EPS: $4.81 (Est. $4.11) ; UP +58% YoY
  • Net Interest Income: $23.5B (Est. $23.07B) ; DOWN -3% YoY
  • Investment Banking Rev $2.60B (Est $2.56B)
  • FICC Sales & Trading Rev $5.01B (Est $4.37B)
  • Net Income: $14.0B (Est. $11.47B) ; UP +50% YoY


Q4 Segment Performance:


Consumer & Community Banking (CCB):

  • Revenue: $18.4B (Est. $17.65B) ; UP +1% YoY
  • Debit & Credit Card Sales Volume: UP +8% YoY
  • Active Mobile Customers: UP +7% YoY


Commercial & Investment Bank (CIB):

  • Revenue: $17.6B (Est. $15.86B) ; UP +18% YoY
  • Investment Banking Fees: UP +49% YoY
  • Markets Revenue: $7.0B; UP +21% YoY
  • Fixed Income: UP +20% YoY
  • Equity Markets: UP +22% YoY


Asset & Wealth Management (AWM):


  • Revenue: $5.78B (Est. $5.54B) ; UP +13% YoY
  • AUM: $4.0T; UP +18% YoY


Operational Metrics:


  • ROE: 17%; ROTCE: 21%
  • Average Loans: $1.3T; UP +2% YoY (Est $1.35T)
  • Average Deposits: UP +2% YoY


Capital Distribution:


  • Common Dividend: $1.25/share, totaling $3.5B
  • Share Repurchases: $4.0B


Financial Overview:


  • Record full-year net income: $58.5B ($19.75/share)
  • FY24 ROTCE: 21%
  • CET1 Capital Ratio: 15.7%



Comment from CEO Jamie Dimon:


  • "We ended the year with record net income, driven by solid performance across our businesses, including record payments revenue and robust client asset inflows in AWM."
  • "The US economy remains robust. Consumer spending is high and unemployment is low. However, we remain cautious given geopolitical risks and inflationary pressures."


Strategic focus and outlook:


  • Continued investment in technology, customer growth and balance sheet management.
  • Focus on regulatory compliance while maintaining a "fortress balance sheet".


$SOFI (+1,38 %) 🚀, $WFC (+0,15 %) , $JPM (-0,17 %) , $MS (-0,3 %) , $C (-0,14 %) , $BLK (+0,76 %)

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