secwatch.observer — SEC 8-K summary
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Issuer:     JPMORGAN CHASE & CO (JPM)
CIK:        0000019617
Form:       8-K
Filed at:   2024-07-12T23:59:59+00:00
Accession:  0000019617-24-000448
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JPMorgan 2Q24 net income $18.1B, EPS $6.12; ROTCE 28% ex-items 20%
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19617/000001961724000448/0000019617-24-000448-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19617/000001961724000448/jpm-20240712.htm
  HTML page:      https://secwatch.observer/filing/0000019617-24-000448

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