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JPMorgan Chase: net income up 50% in Q4
(CercleFinance.com) - JPMorgan Chase reports net income up by half to $14bn for Q4 2024, or $4.
81 per share (+58%), with a return on tangible equity (ROTCE) of 21%, compared with 15% a year earlier. The New York-based bank's revenues rose by 10% to $43.7bn, while its non-interest expenses fell by 7% to $22.8bn and its provisions for credit losses by 5% to $2.63bn. The US economy has proved resilient. Unemployment remains relatively low and household spending remained strong, including over the holiday season, CEO Jamie Dimon said. While he also points to increased business optimism about the economy, he sees two significant risks, namely persistent inflation and a geopolitical situation that is the most dangerous and complicated since World War II. Copyright (c) 2025 CercleFinance.com. All rights reserved. |
08/05/2025 15:40
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