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JPMorgan Chase & Co. (JPM)
NYSE:JPM
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Earnings Data
Report Date
Jan 15, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.93Last Year’s EPS
$3.04Same Quarter Last Year
Moderate Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 11, 2024
|% Change Since: 11.63%
|Next Earnings Date:Jan 15, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong quarter with notable income and revenue growth, record performances in certain segments, and continued leadership in retail deposits. However, there are challenges in terms of credit costs, net interest income projections, and deposit margin pressures. Despite these challenges, the overall outlook remains positive, with a focus on strategic investments and market share gains.Company Guidance
During JPMorgan Chase's Q3 2024 earnings call, the firm provided detailed guidance on several key financial metrics. The company reported a net income of $12.9 billion with an EPS of $4.37, supported by revenue amounting to $43.3 billion and an ROTCE of 19%. The firm's revenue increased by 6% year-on-year, driven by a $274 million increment in NII ex Markets and a 17% rise in NIR ex Markets. Expenses rose by 4% to $22.6 billion, mainly due to higher compensation and an increase in employees. Credit costs were reported at $3.1 billion, influenced by net charge-offs and reserve builds. The CET1 ratio remained flat at 15.3%. Looking ahead, the firm expects 2024 NII ex Markets to be approximately $91.5 billion, with adjusted expenses projected at around the same amount. The guidance also highlighted ongoing strategies to manage expenses and capital amid an uncertain economic and regulatory environment.Strong Net Income and Revenue Growth
Reported net income of $12.9 billion and revenue of $43.3 billion, up $2.6 billion or 6% year-on-year.
Top Ranking in Retail Deposit Share
Ranked #1 in retail deposit share for the fourth straight year in CCB.
Record Performance in Asset & Wealth Management
Asset & Wealth Management had record quarterly revenues and record long-term inflows with AUM up 23%.
Increase in Investment Banking Fees
Investment Banking fees were up 31% year-on-year, with advisory fees up 10% and underwriting fees significantly increased.
Optimistic Outlook
Despite challenges, the company remains optimistic about its pipeline and future growth opportunities.
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JPM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JPM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 11, 2024 | $212.84 | $222.29 | +4.44% |
| Jul 12, 2024 | $206.19 | $203.69 | -1.21% |
| Apr 12, 2024 | $193.17 | $180.68 | -6.47% |
| Jan 12, 2024 | $167.35 | $166.12 | -0.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does JPMorgan Chase & Co. (JPM) report earnings?
JPMorgan Chase & Co. (JPM) is schdueled to report earning on Jan 15, 2025, Before Open Not Confirmed.
What is JPMorgan Chase & Co. (JPM) earnings time?
JPMorgan Chase & Co. (JPM) earnings time is at Jan 15, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JPM EPS forecast?
JPM EPS forecast for the fiscal quarter 2024 (Q4) is $3.93.
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