Key Takeaways from JPMorgan's Q2 2024 Earnings Report

Friday, 12 July 2024, 11:07

JPMorgan Chase & Co. (NYSE: JPM) released its second quarter 2024 earnings report, revealing a 22% increase in reported revenue to $50.2 billion. Managed revenue also saw a significant growth of 20% to $51 billion. Net income surged by 25% to $18.1 billion, with earnings per share (EPS) climbing by 29% to $6.12. While average loans experienced a 6% uptick, average deposits slightly decreased by 1% compared to the previous year.

AlphaStreet — Key Takeaways from JPMorgan's Q2 2024 Earnings Report

Summary:

JPMorgan Chase & Co. (NYSE: JPM) reported its Q2 2024 earnings results, showcasing strong financial performance.

Key Points:

Revenue Growth: Reported revenue soared by 22% year-over-year to $50.2 billion.
Net Income: Net income rose by 25% to $18.1 billion.
Loan and Deposit Averages: Average loans increased by 6%, while average deposits declined by 1% YoY.

This analysis provides insights into JPMorgan's financial health and performance in the second quarter of 2024.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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