๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข EPS: $2.00 (Est. $1.70) โ
โข Revenue: $22.62B (Est. $21.85B) โ
โข Net income: $6.4B, +17% YoY
โข Net interest income: $12.32B, +5% YoY
โข ROTCE: 17.7% vs. 15.2% YoY
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Revenue increased 9% as every operating segment delivered strong growth
โข Corporate and Investment Banking revenue rose 16%, with Banking +20% and Markets +24%
โข Average loans increased 12%, while average deposits grew 10%
โข Repurchased $3.0B of stock and expects to raise the quarterly dividend 11% to $0.50
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWe generated strong second quarter results with diluted earnings per share growing to $2.00, up 25% from a year ago. Revenue increased 9% from a year ago with net interest income up 5% and noninterest income up 13%.โ