Jamie Dimon, CEO of JP Morgan Chase, spoke on January 22, 2025 at the Squawk Box of CNBC in front of the World Economic Forum in Davos.
Gerry Miller | CNBC
JPmorgan Chase on Tuesday filled The estimates of the analysts to better than expected income from the trade in fixed income and investment banking.
The company reported the following:
- Income: $ 5.24 per share, cannot be compared to USD 4.48 per share LSEG estimate
- Revenue: $ 45.68 billion compared to $ 44.06 billion
The bank said that the result in the second quarter by 17% to $ 14.9 billion or $ 5.24 per share compared to the same period last year 7.9 billion US dollars Profit for Visa shares. But even as a JPMorgan, an income tax benefit of $ 774 million for the profit tax per share rose by 28 cents, JPMorgan demonstrated the estimates for the quarter.
Sales fell 10% to 45.68 billion US dollars, although the comparison was also affected by the bank’s Visa participation a year ago.
CEO Jamie Dimon observed the results and the ability of his bank to increase dividends and to recover stocks. The JPMorgan’s shares, the largest US bank after several measures, including assets and deposits, rose by 19% this year when it navigated in the opening months of the President Donald TrumpAdministration.
Nevertheless, Dimon also repeated his Frequent warnings About the risks of US trade policy, in overseas conflicts and rising fiscal deficits.
“The US economy remained resilient in the quarter,” said Dimon in A release. “The completion of the tax reform and potential deregulation is positive for the economic prospects. However, there are considerable risks – including tariffs and trade uncertainty, the deterioration in geopolitical conditions, high fiscal deficits and increased asset prices.”
The JPmorgan trade transactions benefited from the turbulent conditions in the quarter when Trump launched the markets to revise global trade agreements.
The bank said that income with fixed income trading has increased by 14% to 5.7 billion US dollars and that Street Account estimate had exceeded around $ 500 million thanks to the activities in currencies, interest rates and raw materials. The income from stock trading increased by 15% to 3.2 billion US dollars, which corresponds to the estimate.
IB Rebound
The fees for investment banks rose by 7% to 2.5 billion US dollars for higher insurance insurance and advisory activities, the approximately $ 450 million higher than the estimate of Street Account.
While investment banking activity began “slowly” in the middle of the confusion of Trump trading from April 2, the activities were won in the course of the quarter and the markets recovered, said Dimon.
This explains how the results of investment banking improved so much Instructions At the bank’s annual investor conference in May in May, when there was sales, there was a way for a “Middle teenager“percentage decline.
The results of JPMorgan in the quarter were also supported by the 2.8 billion dollars -provision of loan losses, which is better than the 3.14 billion dollars expected by analysts.
The bank also increased its Instructions Around the entire year for the whole year at around 95.5 billion dollars or around $ 1 billion more than one earlier forecast. Nii is an essential measure of the bankruptcy, which represents the difference between what a bank pays for deposits and what it deserves for investments and loans.
Citigroup And Wells Fargo Also the estimates of the analyst on Tuesday, while Goldman Sachs, Bank of America And Morgan Stanley should report on Wednesday.
