JPMorgan posts record profit; succession plan undetermined

2 days ago · JPMorgan Chase closed out 2024 with a record profit and a financial performance that handily beat analyst expectations, as credit quality remained solid and investment banking …

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JPMorgan Notches Another Record Year Of Profits - Yahoo Finance

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2 days ago · Its full-year profits rose to $58 billion, an all-time record for JPMorgan and the most ever in the history of American banking. Its fourth quarter profits were up 50% from the year …

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JPMorgan Earns Biggest-ever Annual Profit As Investment Bankers …

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2 days ago · JPMorgan's profit for 2024 rose 18% to $58.5 billion. In the fourth quarter, it earned $14 billion, or $4.81 per share, compared with $9.3 billion, or $3.04 per share, a year earlier. …

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JPMorgan Posts Record Annual Profit Despite Quarterly Slip

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Jan 12, 2024 · JPMorgan Chase finished out its most profitable year ever with $9.3 billion in fourth-quarter income. Here are the key numbers: The biggest bank in the U.S. said profit fell …

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JPMorgan Posts Profit Record On Visa Gain, Dealmaking Revival

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Jul 12, 2024 · Despite notching the highest quarterly profit in the history of American banking, JPMorgan’s results fell short on a few key metrics. Net interest income came in at $22.7 billion …

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JPMorgan (JPM) Lifts '24 NII View, Discusses Succession Plan

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May 21, 2024 · The expectation of fewer interest rate cuts seems to be a boon for JPMorgan JPM. The company now projects net interest income (NII) for 2024 to be nearly $92 billion, up …

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JPMorgan's Record Profit Stands Out In A Difficult Year For Banks

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Dec 27, 2023 · Plan ahead with key data on upcoming stock reports - all in 1 place See Calendar Get 100% ad-free experience JPMorgan's Record Profit Stands Out in a Difficult Year for Banks

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FAQs about JPMorgan posts record profit; succession plan undetermined Coupon?

How did JPMorgan perform in 2024?

JPMorgan's profit for 2024 rose 18% to $58.5 billion. In the fourth quarter, it earned $14 billion, or $4.81 per share, compared with $9.3 billion, or $3.04 per share, a year earlier. Dimon said the bank's succession timeline was unaffected by one of the leading contenders to become CEO, Jennifer Piepszak, taking herself out of the running for now. ...

How long will JPMorgan's succession plan take?

The CEO has said that succession planning is his most important task. In May last year, he said the timeline could be between 2.5 and 4.5 years. JPMorgan's board has identified candidates to take over after Dimon. ...

Why did JPMorgan reorganize?

The reorganization comes as JPMorgan is in a position of strength after reporting a $49.6 billion profit — the biggest annual profit than any US bank in history. It also holds some clues as to who is in the running, but still doesn't answer the immediate question of who will have the challenge of filling Dimon's role and when. ...

Why did JPMorgan Chase's profit rise in the second quarter?

(Reuters) - JPMorgan Chase ( JPM )'s profit rose in the second quarter, buoyed by rising investment banking fees and an $8 billion accounting gain from a share exchange deal with Visa. Investment banks have benefited from a resurgence in capital-raising activity both in debt and equities markets. ...

Will JPMorgan stock rise 20% in 2024?

Its stock has risen about 20% in 2024, outpacing an S&P index of bank shares. Investors will scrutinize the bank's forecast for net interest income (NII), or the difference between what it makes on loans and pays out on deposits. JPMorgan previously estimated its NII would reach $89 billion this year. ...

How much did analysts expect from JPMorgan?

Analysts had expected $3.35 per share, according to FactSet. Revenue rose 12% to $38.57 billion, falling short of the $39.73 billion analysts expected. For the full year, JPMorgan’s revenue rose 23% to $158.1 billion and profit rose 32% to $49.55 billion. ...