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๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $5.75 (Est. $5.94) โ
โข Managed Revenue: $50.9B (Est. $51.22B) โ, +8% YoY.
โข GAAP EPS: $5.57, +10% YoY.
โข Net Income: $15.3B, +6% YoY.
โข Equity Markets Revenue: $5.0B (Est. $4.5B) โ , +49% YoY.
โข Fixed Income Markets Revenue: $5.4B (Est. $5.89B) โ
โข Investment Banking Fees: $3.0B (Est. $3.08B) โ, +14% YoY.
โข Managed Net Interest Income: $27.1B (Est. $26.84B) โ , +13% YoY.
โข ROTCE: 20% | Standardized CET1 Ratio: 13.9%.
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Adj. EPS missed consensus by ~3.2%, while managed revenue fell ~0.6% short of estimates.
โข Equity trading revenue surged 49% YoY and beat consensus by ~11%, offsetting weaker-than-expected fixed income trading.
โข Consumer & Community Banking revenue grew 9% to $21.2B, while Commercial & Investment Banking and Asset & Wealth Management each grew 14%.
โข Total loans increased 10% YoY to $1.6T, deposits rose 8% to $1.6T, and assets under management climbed 13% to $5.2T.
โข Results included $658M in net investment securities losses, reducing EPS by $0.18.
โข Credit loss provisions totaled $2.7B, with net charge-offs of $2.2B.
โข JPMorgan reduced share repurchases, with net buybacks of $664M during the quarter.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โAlthough activity did moderate somewhat during the quarter.โ
โWe reduced share repurchases this quarter.โ