JPMorgan Chase: 25% rise in Q2 net profit
(CercleFinance.com) - JPMorgan Chase has reported a 25% rise in net profit to $18.
15bn for Q2 2024, or $6.12 per share (+29%), boosted in particular by a net gain of $7.9bn on the sale of Visa shares.
The New York-based bank's revenues rose by 20% to $51bn, while its non-interest expenses increased by 14% to $23.7bn and its provisions for credit losses rose by 5% to $3.05bn.
While market valuations and credit spreads appear to reflect a fairly benign economic outlook, we remain vigilant about potential extreme risks, says CEO Jamie Dimon, referring to the geopolitical situation.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
15bn for Q2 2024, or $6.12 per share (+29%), boosted in particular by a net gain of $7.9bn on the sale of Visa shares.
The New York-based bank's revenues rose by 20% to $51bn, while its non-interest expenses increased by 14% to $23.7bn and its provisions for credit losses rose by 5% to $3.05bn.
While market valuations and credit spreads appear to reflect a fairly benign economic outlook, we remain vigilant about potential extreme risks, says CEO Jamie Dimon, referring to the geopolitical situation.
Copyright (c) 2024 CercleFinance.com. All rights reserved.