earnings
confidence high
sentiment positive
materiality 0.80
JPMorgan Q1 net income $12.6B, EPS $4.10, revenue $38.3B record
JPMORGAN CHASE & CO
2023-Q1 EPS reported
$4.10
- Net income $12.6B ($4.10 EPS) vs $8.3B ($2.63 EPS) in Q1 2022; ROTCE 23%.
- Revenue $38.3B (record), managed revenue $39.3B; includes $868M net investment securities losses.
- Credit costs $2.3B including $1.1B net reserve build and $1.1B net charge-offs; Card net charge-off rate 2.07%.
- CET1 ratio 13.8% (Std) vs regulatory requirement 12.5%; common dividend $1.00/share; $1.9B net buybacks.
- Average loans up 6% YoY, deposits down 8% YoY; $588B credit and capital raised in quarter.