JPMorgan Chase's Varied Q4 Performance: Net Income, Profit, and Investment Banking Revenue Insights
TL;DR
JPMorgan Chase's fourth-quarter net income dropped to $9.3 billion, impacted by a $2.9 billion special assessment by the FDIC, but its adjusted profit beat analyst estimates at $3.97 a share, with reported revenue rising to $38.57 billion. The bank remains cautious due to global conflicts and expects 2024 net interest income to be about $88 billion. JPMorgan's stock rose by 2.1% in premarket trading, and its earnings come amidst a busy day for bank updates, with Wells Fargo, Citigroup, and Bank of America also reporting their fourth-quarter results.
Topics:businessfinance#earnings#fdic-assessment#finance#jpmorgan-chase#market-revenue#net-interest-income
- JPMorgan Chase’s net income drops but beats analyst estimates MarketWatch
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- JPMorgan rises above rivals with record annual profit of $49 billion Yahoo Finance
- JPMorgan Misses Estimates on 4Q Investment Banking Revenue Bloomberg Television
- JPMorgan Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analyst Benzinga
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