World economy: quarterly JP Morgan report
Press Hub UCapital
Share:
Start of the earnings season
JP Morgan reports record $58.5B profit in 2024 (+18% YoY) and $43.7B in quarterly revenues. Strong growth in Investment Banking and Trading boosts results, but analysts highlight ongoing geopolitical instability and persistent inflation as key challenges.
The "D-Day" has arrived for the major U.S. banks. The quarterly earnings season has officially begun, marking the time to publish their financial results. For all the "Big Four" U.S. banks, these numbers are absolutely positive, surpassing even the most optimistic analysts' expectations.
An additional boost came on the 15th of the current month with the U.S. consumer inflation data, which turned out to be slightly below expectations. This helped to "lift spirits," contributing to a positive start to the earnings season, which involves collecting and coordinating final information.
JP Morgan’s quarterly results
The main focus of traders has been on JP Morgan’s quarterly results, which showed a 50% increase in profit in Q4 2024 compared to the same period in 2023, with a net income of $14 billion.
In detail, revenues rose by 11% to $43.7 billion, while earnings per share stood at $4.81. Both results exceeded market expectations, which had forecast revenues of $41.73 billion and earnings per share of $4.11.
A remarkable economic year
The year 2024 was an extraordinary one for JP Morgan, with a record annual profit of $58.5 billion, an 18% increase from $49.6 billion in 2023. Analyzing the performance of the bank’s best-performing divisions, the Commercial & Investment Bank division stood out, achieving a 59% profit growth in Q4 2024 compared to 2023, reaching $6.6 billion.
Investment Banking fee income grew by 49%, while Trading net income rose by 21%. For the current year, the bank’s management forecasts net interest income—the net difference between interest income received and interest expense paid—to reach $94 billion, surpassing the consensus forecast of $91 billion.
Future challenges: geopolitics and inflation
Despite these optimistic forecasts, two significant risks loom over the future. The first is the geopolitical situation, which remains far from being resolved. The second is tied to both current and future spending needs, which are expected to face inflationary pressures.
According to analysts, this means that inflation will likely persist for some time in the near future, posing a challenge that must be closely monitored.
JP Morgan reports record $58.5B profit in 2024 (+18% YoY) and $43.7B in quarterly revenues. Strong growth in Investment Banking and Trading boosts results, but analysts highlight ongoing geopolitical instability and persistent inflation as key challenges.
The "D-Day" has arrived for the major U.S. banks. The quarterly earnings season has officially begun, marking the time to publish their financial results. For all the "Big Four" U.S. banks, these numbers are absolutely positive, surpassing even the most optimistic analysts' expectations.
An additional boost came on the 15th of the current month with the U.S. consumer inflation data, which turned out to be slightly below expectations. This helped to "lift spirits," contributing to a positive start to the earnings season, which involves collecting and coordinating final information.
JP Morgan’s quarterly results
The main focus of traders has been on JP Morgan’s quarterly results, which showed a 50% increase in profit in Q4 2024 compared to the same period in 2023, with a net income of $14 billion.
In detail, revenues rose by 11% to $43.7 billion, while earnings per share stood at $4.81. Both results exceeded market expectations, which had forecast revenues of $41.73 billion and earnings per share of $4.11.
A remarkable economic year
The year 2024 was an extraordinary one for JP Morgan, with a record annual profit of $58.5 billion, an 18% increase from $49.6 billion in 2023. Analyzing the performance of the bank’s best-performing divisions, the Commercial & Investment Bank division stood out, achieving a 59% profit growth in Q4 2024 compared to 2023, reaching $6.6 billion.
Investment Banking fee income grew by 49%, while Trading net income rose by 21%. For the current year, the bank’s management forecasts net interest income—the net difference between interest income received and interest expense paid—to reach $94 billion, surpassing the consensus forecast of $91 billion.
Future challenges: geopolitics and inflation
Despite these optimistic forecasts, two significant risks loom over the future. The first is the geopolitical situation, which remains far from being resolved. The second is tied to both current and future spending needs, which are expected to face inflationary pressures.
According to analysts, this means that inflation will likely persist for some time in the near future, posing a challenge that must be closely monitored.