secwatch.observer — SEC 8-K summary
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Issuer:     JPMORGAN CHASE & CO (JPM)
CIK:        0000019617
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0000019617-24-000315
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JPMorgan Q1 net income $13.4B ($4.44 EPS), up from $12.6B; dividend raised 10%
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- Net income $13.4B ($4.44 EPS) vs $12.6B ($4.10 EPS) in Q1 2023; excluding $725M FDIC assessment, net income $14.0B ($4.63 EPS).
- Managed revenue $42.5B; expense $22.8B incl $725M FDIC special assessment increase; CET1 ratio 15.0%, book value per share $106.81.
- CEO warns of geopolitical tensions and persistent inflation; NII declined 4% sequentially; expects normalization for NII and credit costs.
- Common dividend increased 10% to $1.15 per share; $2.0B net repurchases; extended $655B credit and capital in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19617/000001961724000315/0000019617-24-000315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19617/000001961724000315/jpm-20240412.htm
  HTML page:      https://secwatch.observer/filing/0000019617-24-000315

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