Strong Overall Financial Performance
JPMorgan Chase reported a net income of $14.4 billion with an EPS of $5.07 and an ROTCE of 20%. Revenue increased by 9% year on year to $47.1 billion, driven by higher markets revenue and fees across asset management, investment banking, and payment.
Record Asset and Wealth Management Performance
Asset and Wealth Management reported a net income of $1.7 billion, with a pretax margin of 36% and record revenue of $6.1 billion, up 12% year on year. AUM reached $4.6 trillion, up 18%, and client assets of $6.8 trillion, up 20% year on year.
Commercial Banking Success
The CIB reported net income of $6.9 billion, with revenue up 17% year on year to $19.9 billion. This was driven by higher revenues across markets, payments, investment banking, and securities.
Consumer and Community Banking Resilience
CCB reported net income of $5 billion, with revenue of $19.5 billion up 9% year on year. Consumers and small businesses remain resilient, with stable credit metrics and slightly better than expected early-stage delinquencies.