JPMorgan Chase & Co. ( (JPM) ) has released its Q4 earnings. Here is a breakdown of the information JPMorgan Chase & Co. presented to its investors.
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JPMorgan Chase & Co. is a leading financial services firm that offers investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management, operating primarily in the U.S. and globally.
The company has reported a strong financial performance for the fourth quarter of 2024, with a net income of $14 billion and a record full-year net income of $58.5 billion. The firm also achieved record revenues, strong growth in investment banking fees, and significant asset management gains.
Key financial highlights include a reported revenue of $42.8 billion, with managed revenue reaching $43.7 billion. The return on equity (ROE) was 17%, while the return on tangible common equity (ROTCE) was 21%. Investment banking fees increased by 49% year-over-year, and asset and wealth management assets under management (AUM) grew to $4 trillion, up 18% year-over-year.
The company’s outlook remains positive as it continues to demonstrate strong financial health with a robust balance sheet. The management highlights a focus on balancing regulatory compliance with economic growth, aiming to maintain a sound and efficient banking system capable of supporting global financial needs.
