On October 11, 2024, JPMorgan Chase & Co. reported its financial results for the third quarter of 2024. The firm announced a net income of $12.9 billion, or $4.37 per share, a slight decrease from the $13.2 billion, or $4.33 per share, reported in the same quarter of the previous year. The earnings release and financial supplement were attached as exhibits to the Form 8-K filed with the SEC. JPMorgan Chase highlighted several key financial metrics, including a Common Equity Tier 1 (CET1) Capital Ratio of approximately $1.8 trillion, a Return on Equity (ROE) of 16%, and cash and marketable securities totaling $1.5 trillion. The firm also reported an average loan balance of $1.3 trillion. The report included forward-looking statements and acknowledged the potential impact of geopolitical events and economic uncertainties on future...Show More

On October 11, 2024, JPMorgan Chase & Co. reported its financial results for the third quarter of 2024. The firm announced a net income of $12.9 billion, or $4.37 per share, a slight decrease from the $13.2 billion, or $4.33 per share, reported in the same quarter of the previous year. The earnings release and financial supplement were attached as exhibits to the Form 8-K filed with the SEC. JPMorgan Chase highlighted several key financial metrics, including a Common Equity Tier 1 (CET1) Capital Ratio of approximately $1.8 trillion, a Return on Equity (ROE) of 16%, and cash and marketable securities totaling $1.5 trillion. The firm also reported an average loan balance of $1.3 trillion. The report included forward-looking statements and acknowledged the potential impact of geopolitical events and economic uncertainties on future results. JPMorgan Chase emphasized its strong balance sheet and the ability to adjust share repurchases as needed. Chairman and CEO Jamie Dimon commented on the firm's performance, noting strong underlying business and financial results, with particular growth in investment banking fees and market resilience. Dimon also addressed the firm's ongoing monitoring of geopolitical situations and their potential effects on economic outcomes and history. The firm's support for consumers, businesses, and communities was highlighted, with over $2 trillion of credit and capital raised year-to-date. JPMorgan Chase & Co. is a leading financial services firm with operations worldwide, and the conference call for the third-quarter financial results was made available to the public.