Revenue Performance:
- Total revenue for Q1 2024: $42.5 billion, up from $40.9 billion in Q1 2023 (4% YOY).
- Investment Banking fees grew by 18% YOY, reflecting strength in underwriting.
Profitability Metrics:
- Net income: $13.4 billion, yielding an ROTCE of 21%.
- Operating income ratio: 46.8%, indicating efficiency in cost management despite rising expenses.
Balance Sheet Health:
- CET1 ratio stands at 15%, stable compared to the previous quarter, signaling a strong capital position.
- Total assets of $4.09 trillion demonstrate steady growth in asset management and consumer banking sectors.
Cash Flow:
- Net cash provided by operating activities registered at -$154 billion, impacted by significant changes in working capital, though cash at the end of the period remains robust at $562 billion.