JPMorgan Chase: EPS virtually unchanged in Q3

(CercleFinance.com) - JPMorgan Chase reports net income down a slight 2% to $12.
9 billion for its third quarter 2024, or $4.37 per share (+1%), and a return on tangible equity (ROTCE) of 19%, compared with 22% a year earlier.

The New York-based bank's revenues rose by 6% to $43.3 billion, while its non-interest expenses rose by just 4% to $22.6 billion, and its provisions for credit losses more than doubled (+125%) to $3.11 billion.

While inflation is slowing and the U.S. economy remains resilient, several critical issues remain, including large budget deficits, infrastructure needs, trade restructuring and the remilitarization of the world", points out CEO Jamie Dimon.

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