JPMorgan Chase Co
JPM
$315.04 -0.34%
Exchange: NYSE | Sector: Financial Services | Industry: Banks Diversified
Q3 2024
Published: Oct 30, 2024

Earnings Highlights

  • Revenue of $42.66B up 7.3% year-over-year
  • EPS of $4.37 increased by 1.2% from previous year
  • Gross margin of 100.0%
  • Net income of 12.90B
  • ""In CIB, both IB fees and markets revenue were notably up year-on-year reflecting strength across the franchise." - Jeremy Barnum, CFO" - Jeremy Barnum
JPM
JPMorgan Chase Co

Executive Summary

In Q3 2024, JPMorgan Chase & Co reported a net income of $12.9 billion, translating to an earnings per share (EPS) of $4.37, with total revenue of $43.3 billion, representing a 6% increase year-over-year. Management highlighted strong performances in the Consumer & Community Banking (CCB) and Corporate & Investment Bank (CIB) segments, indicating resilience amid economic fluctuations. However, deposit growth stagnation and margin compression present challenges as consumer behavior stabilizes. Key metrics such as non-interest income and market revenue also showed substantial year-over-year increases, reflecting robust operational strength. Management expressed optimism regarding future profitability, driven by strategic balance sheet management and growth in asset management fees.

Key Performance Indicators

Revenue
Increasing
42.66B
QoQ: -14.79% | YoY: 7.28%
Gross Profit
Increasing
42.66B
1.00% margin
QoQ: -14.79% | YoY: 7.28%
Operating Income
Increasing
37.69B
QoQ: 42.56% | YoY: 94.94%
Net Income
Decreasing
12.90B
QoQ: -28.93% | YoY: -1.92%
EPS
Increasing
4.38
QoQ: -28.55% | YoY: 1.15%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 42,768.00 4.81 +10.8% View
Q3 2024 42,656.00 4.37 +7.3% View
Q2 2024 50,058.00 6.12 +29.7% View
Q1 2024 41,908.00 4.44 +9.3% View
Q4 2023 38,600.00 3.04 +11.9% View