🔹 Net Revenue: $25.3B (Est. $25.3B) 🟡
🔹 EPS: $0.82 (Est. $0.81) 🟢
🔹 Net Interest Income (NII): $14.36B (Est. $14.12B) 🟢
Guidance:
🔹 Q1 2025 NII: $14.5B-$14.6B with expectation to grow sequentially to ~$15.5-15.7B in Q4 2025 with H2 2025 growth >H1 2025 growth; Expect to deliver operating leverage in 2025
Q4 SEGMENTS:
Consumer Banking:
🔹 Revenue: $10.6B; UP +3% YoY
🔹 Average Deposits: $942B; DOWN -2% YoY
🔹 Combined Debit/Credit Spend: $241B; UP +5% YoY
GWIM:
🔹 Revenue: $6.0B; UP +15% YoY
🔹 Client Balances: $4.3T; UP +12% YoY
Global Banking:
🔹 Revenue: $6.1B; UP +3% YoY
🔹 Investment Banking Fees: $1.7B; UP +44% YoY
Global Markets:
🔹 Revenue: $4.8B; UP +18% YoY
🔹 FICC Revenue: $2.5B; UP +19% YoY
Balance Sheet Metrics:
🔹 Loans: $1.10T (Est. $1.08T) 🟢
🔹 Deposits: $1.97T (Est. $1.95T) 🟢
🔹 CET1 Ratio: 11.9%
Credit Quality:
🔹 Provision for Credit Losses: $1.5B (Q4 2023: $1.1B)
🔹 Net Charge-Offs: $1.5B (Q4 2023: $1.2B)
Operational Metrics:
🔹 Total Expenses: $16.8B; DOWN -5% YoY
🔹 Return on Average Tangible Common Equity: 12.6%
🔹 Efficiency Ratio: 67.3%