JPMorgan Chase & Co.
JPMorgan Chase Reports 2024 Q3 Net Income of $12.9 Billion
Summary
JPMorgan Chase & Co. reported a net income of $12.9 billion for the third quarter of 2024, reflecting a 2% decrease compared to the same period in 2023. The firm's total net revenue increased by 6% to $43.3 billion. Investment banking fees grew by 31% year-over-year. The firm also announced a common dividend of $3.6 billion and authorized $6.0 billion for common stock repurchases. Key metrics such as return on tangible common equity (ROTCE) and return on equity (ROE) stood at 19% and 16% respectively. The firm's tangible book value per share increased by 18% to $96.42. The results were presented in a press release attached as Exhibit 99.1.
Profitelligence Alerts
Get alerts for JPM
Be first to know when JPMorgan Chase & Co. files with the SEC.
Filing Categories
Exhibits (2)
Advertisement
About JPMorgan Chase & Co.
JPMorgan Chase & Co., a leading global financial services firm, offers a wide range of banking and financial products and services. Its primary function is to serve as a commercial and investment bank, providing services that include asset management, treasury and securities services, and private banking. The firm plays a significant role in global financial markets through divisions focused on consumer and community banking, corporate and investment banking, commercial banking, and asset management. JPMorgan Chase impacts various sectors, including retail, corporate, and institutional clients, adapting services to cater to different financial needs. As one of the largest banking institutions in the United States, headquartered in New York City, it upholds a strong market presence. The firm's historical roots date back to the mid-19th century, contributing to its reputation as a stalwart in traditional banking and a pioneer in financial innovation.
Official SEC Documents
Advertisement