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.


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