secwatch.observer — SEC 8-K summary
======================================

Issuer:     JPMORGAN CHASE & CO (JPM)
CIK:        0000019617
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0000019617-24-000049
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JPMorgan Q4 net income $9.3B, EPS $3.04; includes $2.9B FDIC special assessment
-------------------------------------------------------------------------------

- Net income $9.3B ($3.04 EPS) vs $11.0B ($3.57 EPS) a year ago; ex-sig items EPS $3.97.
- Managed revenue $39.9B; expense $24.5B incl $2.9B FDIC assessment; overhead ratio 61%.
- Credit costs $2.8B with $2.2B net charge-offs and $598M reserve build.
- CET1 ratio 15.0% (Standardized); book value per share $104.45, up 16%.
- Common dividend $1.05/share; $2.0B net stock repurchases in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19617/000001961724000049/0000019617-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19617/000001961724000049/jpm-20240112.htm
  HTML page:      https://secwatch.observer/filing/0000019617-24-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer