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JPMorgan Chase: 25% increase in quarterly net income

July 12, 2024 at 07:19 am EDT

JPMorgan Chase reports net income up 25% to $18.15 billion for its second quarter 2024, or $6.12 per share (+29%), boosted in particular by a net gain of $7.9 billion on the sale of Visa shares.

The New York-based bank's revenues rose 20% to $51 billion, while its non-interest expenses rose 14% to $23.7 billion and its provisions for credit losses increased 5% to $3.05 billion.

While market valuations and credit spreads seem to reflect a rather benign economic outlook, we remain vigilant about potential extreme risks," says CEO Jamie Dimon, referring to the geopolitical situation.

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	JPMORGAN CHASE & CO.	207.4 USD	-0.17%	-0.59%	596B

Jamie Dimon

Mr. James Dimon is a Chairman & Chief Executive Officer at JPMorgan Chase Bank, NA and JPMorgan Chase & Co. and a Member at The Business Council. He became Chairman of the Board on December 31, 2006, and has been Chief Executive Officer and President since December 31, 2005. Mr. Dimon is on the Board of Directors of Harvard Business School and Catalyst; Chairman of the Business Roundtable; and a member of The Business Council. He is also on the Board of Trustees of New York University School of Medicine. He does not serve on the board of any publicly traded company other than JPMorgan Chase. Mr. Dimon was President and Chief Operating Officer following JPMorgan Chase’s merger with Bank One Corporation in July 2004. At Bank One, he was Chairman and Chief Executive Officer from March 2000 to July 2004. Before joining Bank One, Mr. Dimon held a wide range of executive roles at Citigroup Inc., the Travelers Group, Commercial Credit Company and American Express Company. He graduated from Tufts University and received an M.B.A. from Harvard Business School.

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JPMorgan Chase Bank, NA (Investment Management) JPMorgan Chase Bank, NA (Investment Management) Investment ManagersFinance JPMorgan Chase Bank, NA (Investment Management) (JPMC-IM) is the investment management division of JPMorgan Chase Bank, NA, ultimately held by JPMorgan Chase & Co. (NYSE: JPM), a global financial services firm. Headquartered in New York City, JPMC-IM provides asset management services for corporations, institutional investors, hedge funds, governments, healthcare organizations, educational institutions and affluent individuals.	Chief Executive Officer
JPMORGAN CHASE & CO.	Chief Executive Officer

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