Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Equities

JP Morgan Q2 2024 Earnings Summary

by Team Lumida
July 12, 2024
in Equities
Reading Time: 3 mins read
A A
0
JP Morgan Q2 2024 Earnings Summary

"JP Morgan" by Thomas Hawk is licensed under CC BY-NC 2.0

Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Beats Earnings by ~35% & Beats Revenue expectations by ~10%

Total Revenue: ~$50.2 Bn, up 21% YoY, up 20% QoQ

Net earnings: ~$18.1 Bn, up 32% YoY, up 35% QoQ

ROE: 23% & ROTCE: 28%

JPM Consumer & Community Banking:

Revenue: ~$17.7 Bn, up ~2.7% YoY & up ~0.3% QoQ

Net income: ~$4.2 Bn, down ~20.7% YoY & down ~12.8% QoQ

Banking & Wealth Management Revenue: ~$10.4 Bn, down 5% YoY & up 0.5% QoQ

ROE: 30%

Key Takeaways:

Market revenue was up 10%, with Fixed-Income Markets up 5% and Equity Markets up 21%, boosting overall market revenue.

Total loans are stable at $1.3 Tn QoQ, and average deposits are slightly down YoY but stable QoQ.

Shares reacted positively, down 1% after results

CEO Jamie Dimon on Inflation:

“Although there’s been some progress in managing inflation, multiple inflationary forces remain: large fiscal deficits, infrastructure needs, restructuring of trade, and remilitarization. Hence, inflation and interest rates may stay higher than expected.”

Tags: $JPMBankingEARNINGSFinanceJPMorgan Chase
Previous Post

Wells Fargo & Company Q2 2024 Earnings Summary

Next Post

Citigroup Q2 2024 Earnings Summary

Recommended For You

NatWest Shares Rise After Strong Customer Activity Boosts Results

by Team Lumida
3 days ago
NatWest Shares Rise After Strong Customer Activity Boosts Results

Key Takeaways Powered by lumidawealth.com Q3 operating pretax profit £2.18B (+30% YoY) vs. £1.83B consensus beat; total income £4.33B vs. £4.10B est. (+16% YoY), driven by net interest income...

Read more

Alaska Air’s Profit Slips as Expenses Offset Revenue Growth

by Team Lumida
3 days ago
Alaska Air’s Profit Slips as Expenses Offset Revenue Growth

Key Takeaways Powered by lumidawealth.com Q3 profit $73M ($0.62/share) vs. $236M ($1.84/share) YoY; adj. EPS $1.05 vs. $1.09 consensus miss; revenue +23% to $3.77B (in line), but operating expenses...

Read more

Nokia Shares Surge Most Since 2021 as AI, Cloud Boost Profit

by Team Lumida
4 days ago
a plant on a table

Key Takeaways Powered by lumidawealth.com Q3 adj. operating profit €435M vs. €324M consensus (+34% beat); net sales €4.83B vs. €4.63B est.; shares +12% intraday (most since 2021). AI/cloud pivot...

Read more

Pop Mart Sales Top Market Expectation, Signal Sustained Momentum

by Team Lumida
5 days ago
Pop Mart Sales Top Market Expectation, Signal Sustained Momentum

Key Takeaways Powered by lumidawealth.com Q3 revenue more than tripled YoY; Americas sales up roughly 1,265%–1,270%, accelerating from 1H and beating expectations. Shares +3.9% early Wednesday after an 8.1%...

Read more

Chinese Battery Giant CATL Delivers Solid Earnings

by Team Lumida
6 days ago
Chinese Battery Giant CATL Delivers Solid Earnings

Key Takeaways Powered by lumidawealth.com Q3 net profit +41% to ¥18.55B (~$2.61B) on revenue +13% to ¥104.19B; 9M net profit +36% to ¥49.03B on revenue +9.3% to ¥283.07B. Shares...

Read more

Continental Shares Climb After Strong Quarter, Outlook Confirmation

by Team Lumida
1 week ago
black porsche 911 on road

Key Takeaways Powered by lumidawealth.com Continental pre-announced Q3 sales of ~€5.0B, ahead of ~€4.9B consensus; shares rose ~7.4% to €58.72. Q3 adjusted EBIT margin guided ~11.4% vs ~9.5% consensus;...

Read more

Salesforce Projects Return to Double-Digit Revenue Growth

by Team Lumida
2 weeks ago
Salesforce’s AI Vision: Game-Changer or Overhyped?

Key Takeaways Powered by lumidawealth.com Salesforce guided to a return to double-digit revenue growth within 12–18 months and targets $60B in annual revenue by FY2030 (ex-Informatica). An additional $7B...

Read more

TSMC Posts Another Record Profit on Surging AI Chip Demand

by Team Lumida
2 weeks ago
Taiwan Exports Surge 23.5% in June: AI Demand Fuels Massive Growth

Key Takeaways Powered by lumidawealth.com Q3 net profit NT$452.3B (US$14.8B), +39% YoY, beating NT$410.6B consensus; revenue NT$989.9B, +30% YoY, in line with guidance. Shares hit a record NT$1,485 pre-earnings;...

Read more

Rio Tinto Reports Flat Third-Quarter Iron-Ore Shipments

by Team Lumida
2 weeks ago
Rio Tinto Reports Flat Third-Quarter Iron-Ore Shipments

Key Takeaways Powered by lumidawealth.com Rio Tinto’s third-quarter iron-ore shipments from Australia’s Pilbara region were flat at 84.3 million metric tons, nearly unchanged from 84.5 million tons a year...

Read more

Samsung Expects Strongest Profit in Three Years on AI-Driven Chip Demand

by Team Lumida
2 weeks ago
a hand holding a phone

Key Takeaways Powered by lumidawealth.com Samsung Electronics anticipates a third-quarter operating profit of 12.1 trillion won ($8.48 billion), a 32% year-over-year increase and the highest since Q2 2022. Revenue...

Read more
Next Post
Citigroup Q2 2024 Earnings Summary

Citigroup Q2 2024 Earnings Summary

Why Tokens Are Sabotaging AI: The Hidden Flaw in Generative Models

BTC Faces Key Resistance: Why Bulls Shouldn't Lose Hope

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Bitcoin Could Drop to $50K Before a Potential Fed-Driven Rally

Circle’s IPO Raises $1.1 Billion, Valuing Stablecoin Issuer at $6.9 Billion

June 5, 2025
blue, red, and yellow flag

German Economy Shrinks for Second Consecutive Year, Faces Trump Tariff Threat

January 15, 2025
Advanced Instruments Acquires Nova Biomedical in $2.2 Billion Deal to Expand Global Life-Science Tools Portfolio

Advanced Instruments Acquires Nova Biomedical in $2.2 Billion Deal to Expand Global Life-Science Tools Portfolio

March 19, 2025

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018