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Jamie Dimon, CEO of JP Morgan Chase, speaking on the CNBC Squawk box outside the World Economic Forum in Devos, Switzerland, January 22, 2025.
Jerry Miller | Cnbc
Jpmorgan chase on Tuesday decorated Analysts estimates more than higher than expected trade with fixed income and investment banks.
That’s what the company said:
- Profit: 5.24 dollars per share, cannot compare with $ 4.48 for LSEG’s LSEG stock assessment
- Income: $ 45.68 billion vs. $ 44.06 billion. Evaluation
The bank said the profit in the second quarter decreased by 17% to $ 14.9 billion, or $ 5.24 per share from the period he had 7.9 billion dollars Profit on visa stocks. But even with the support of income tax in the amount of $ 774 million, which has increased for a share for a share for 28 cents, JPMorgan heads for the quarter estimates.
The revenue decreased by 10% to $ 45.68 billion, although the comparison with the year also affected the bank’s visa.
CEO Jamie Dimon The results and ability of the bank are outlined to increase dividends and redeem stocks. JPMORGAN stock, US largest bank on several measures, including assets and deposits, grew by 19% this year when it went into the opening of months president Donald TrumpAdministration.
And yet the smoke also repeated it Frequent warnings About the risks of US trade policy, foreign conflicts and fiscal growth.
“The US economy remained stable in the quarter,” Dimon said exemption. “The conclusion of tax reform and potential deregulation are positive for economic forecasts. However, significant risks are maintained – including from tariffs and uncertainty of trade, deterioration of geopolitical conditions, high financial deficit and increased asset prices.”
JPMORGAN trading operations took advantage of violent conditions in the quarter when Trump declined in the markets, and he sought over overhauling world trade agreements.
The Bank said fixed income revenue increased by 14% to $ 5.7 billion, leading the Streitaccunt estimate by $ 500 million, due to currency, tariffs and goods. The stock revenue jumped by 15% to $ 3.2 billion, corresponding to the estimate.
IB rebound
Investment banks tariffs increased by $ 7% to $ 2.5 billion with higher debt and advisory activity, about $ 450 million higher than in Streitaccont estimate.
While the activity of investment banks “began slowly” in the quarter amid the confusion of Trump’s trade ads on April 2, the activities obtained when the quarter continued and the markets were restored, the smoke said.
This explains how the investment bank’s results have improved significantly control Filled at the annual bank investor conference in May, when it was said that the profits there headed for A ”Medium teens“A percent decline.
The results of the JPMorgan in the quarter also helped by providing credit losses of $ 2.8 billion, which is better than $ 3.14 billion awaiting analysts.
Bank also increased its control About $ 95.5 billion is about $ 1 billion more about $ 95.5 billion than the previous forecast. NII is a key indicator of the bank profitability, which is the difference between the fact that the bank pays for deposits and what it earns on investments and loans.
Citigroup and Wells Fargo Also estimated by analyst on Tuesday, while Goldman Sachs, Bank of America And Morgan Stanley is scheduled for Wednesday.
