🔹 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%
CEO Jamie Dimon's Commentary:
🔸 "We ended the year strong with record net income, driven by solid performance across all lines of business, including record Payments revenue and robust client asset inflows in AWM."
🔸 "The U.S. economy remains resilient, with strong consumer spending and low unemployment, but we remain cautious given geopolitical risks and inflationary pressures."
Strategic Focus & Outlook:
🔸 Continued investment in technology, client growth, and balance sheet management.
🔸 Focus on regulatory compliance while maintaining a “fortress balance sheet.”