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 (+1,71 %) 🚀, $WFC (-0,12 %) , $JPM (-0,26 %) , $MS (-0,3 %) , $C (-0,19 %) , $BLK (+0,16 %)