earnings
confidence high
sentiment positive
materiality 0.80
JPMorgan 2Q24 net income $18.1B, EPS $6.12; ROTCE 28% ex-items 20%
JPMORGAN CHASE & CO
2024-Q2 EPS reported
$10.56
- 2Q24 net income $18.1B ($6.12 diluted EPS), up $3.7B YoY; adjusted net income $13.1B ($4.40 EPS).
- Managed revenue $51.0B, up $8.6B YoY; expense $23.7B up $2.9B YoY; CET1 ratio 15.3% (Std), up from 15.0% in 1Q24.
- IB revenue $2.5B, up 46% YoY; Markets revenue $7.8B, up 10% YoY; AWM AUM $3.7T up 15% YoY.
- CCB net income $4.2B, down 21% YoY on higher credit costs; Card NCO rate 3.50% vs 2.41% a year ago.
- FY2024 NII guidance ~$91B; adjusted expense ~$92B; Card NCO rate ~3.4%.