NYSE$JPM
JPMorgan Chase & Co · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported net income of $18.1 billion, or $6.12 per share, for the second quarter of 2024.
JPMorgan Chase reported a strong second quarter with net income of $18.1 billion, or $6.12 per share. Excluding significant items, net income was $13.1 billion, or $4.40 per share. The firm saw revenue of $51.0 billion and a ROTCE of 20% after excluding a net gain on Visa shares, a contribution to the Firm’s Foundation and discretionary securities losses.
- Firmwide managed revenue reached $51.0 billion, including a $7.9 billion net gain related to Visa shares.
- Investment banking fees rose 50%, and market share improved across products to 9.5% YTD.
- CCB opened over 450 thousand net new checking accounts, marking the 50th consecutive quarter of net new account growth.
- AWM saw asset management fees up 13% and $79 billion of client asset net inflows.
Headline financials
Revenue & EPS history
JPMorgan · Revenue · Quarterly
$50.2B
Revenue by segment
JPMorgan · $24.9B total across 3 segments · Q3 2023
- Consumer & Community$18.4B+28.6%73.7%
- Asset & Wealth Mgmt$5.01B+10.3%20.1%
- Corporate$1.56B+615.9%6.3%
Forward guidance
JPMorgan Chase is vigilant about potential tail risks, including geopolitical complexities, inflationary forces, and the effects of quantitative tightening.
Tailwinds
- The Board intends to increase the common dividend, resulting in a 19% cumulative increase compared with the fourth quarter of 2023.
- The firm continues to invest heavily into its businesses for long-term growth and profitability.
- JPMorgan Chase maintains a fortress balance sheet and prepares the Firm for a wide range of potential environments.
- The firm takes pride in driving economic growth by extending credit and raising capital.
- CET1 capital ratio of 15.3% provides excess capital even after the uncertainty created by Basel III endgame.
Headwinds
- The geopolitical situation remains complex and potentially the most dangerous since World War II.
- There are still multiple inflationary forces: large fiscal deficits, infrastructure needs, restructuring of trade and remilitarization of the world.
- Inflation and interest rates may stay higher than the market expects.
- The full effects of quantitative tightening are still unknown.
- Market valuations and credit spreads seem to reflect a rather benign economic outlook, requiring continued vigilance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-0.3%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+2.8%
Avg return
30 days after
49%
36 / 73 earnings
Positive
+8.4%
Q1 2023
Best reaction
-10.2%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | -1.1% | -4.4% | |
| Q4 2025 | -3.7% | -3.7% | -6.7% | |
| Q3 2025 | -2.2% | -3.4% | +0.5% | |
| Q2 2025 | +1.2% | +0.0% | +5.6% | |
| Q1 2025 | +4.0% | +1.1% | +11.4% | |
| Q4 2024 | +2.7% | +4.7% | +11.8% | |
| Q3 2024 | +4.1% | +5.1% | +11.3% | |
| Q2 2024 | +1.3% | +4.5% | -0.8% | |
| Q1 2024 | -6.4% | -7.9% | +1.7% | |
| Q4 2023 | -1.4% | -1.9% | +2.8% | |
| Q3 2023 | +1.4% | +0.1% | +0.4% | |
| Q2 2023 | +3.0% | +3.6% | +3.7% | |
| Q1 2023 | +8.4% | +9.5% | +4.0% | |
| Q4 2022 | +0.9% | -2.1% | +1.1% | |
| Q3 2022 | +5.9% | +6.5% | +23.7% | |
| Q2 2022 | +0.9% | +2.4% | +9.1% | |
| Q1 2022 | -4.1% | -2.3% | -9.5% | |
| Q4 2021 | -10.1% | -11.5% | -8.5% | |
| Q3 2021 | -1.1% | +0.7% | +0.9% | |
| Q2 2021 | -1.8% | -3.9% | +2.4% | |
| Q1 2021 | -1.2% | -0.9% | +6.4% | |
| Q4 2020 | -2.2% | -3.7% | +0.1% | |
| Q3 2020 | -2.2% | -0.9% | +10.7% | |
| Q2 2020 | +2.1% | +0.5% | +4.8% | |
| Q1 2020 | -7.5% | -3.1% | -10.9% | |
| Q4 2019 | -0.3% | +0.7% | +0.5% | |
| Q3 2019 | +2.8% | +3.5% | +10.4% | |
| Q2 2019 | +0.1% | -0.3% | -7.6% | |
| Q1 2019 | +3.5% | +7.6% | +5.9% | |
| Q4 2018 | +1.5% | +3.6% | +1.5% | |
| Q3 2018 | -1.7% | +1.6% | +2.9% | |
| Q2 2018 | +3.5% | +4.4% | +8.3% | |
| Q1 2018 | -2.8% | -3.6% | +0.4% | |
| Q4 2017 | +1.3% | +1.9% | -0.7% | |
| Q3 2017 | -1.0% | +0.8% | +0.7% | |
| Q2 2017 | -1.8% | -2.0% | -1.8% | |
| Q1 2017 | +0.5% | -0.3% | +1.8% | |
| Q4 2016 | -3.1% | -2.7% | +0.9% | |
| Q3 2016 | -0.8% | +0.9% | +13.2% | |
| Q2 2016 | +1.6% | +1.1% | +3.4% | |
| Q1 2016 | +5.6% | — | — | |
| Q4 2015 | -0.5% | — | — | |
| Q3 2015 | -2.8% | — | — | |
| Q2 2015 | +1.6% | — | — | |
| Q1 2015 | +3.4% | — | — | |
| Q4 2014 | -6.5% | — | — | |
| Q3 2014 | -4.5% | — | — | |
| Q2 2014 | +4.3% | — | — | |
| Q1 2014 | -4.3% | — | — | |
| Q4 2013 | +3.1% | — | — | |
| Q3 2013 | +0.4% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | -2.8% | — | — | |
| Q4 2012 | +0.2% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2012 | +0.7% | — | — | |
| Q2 2012 | +3.1% | — | — | |
| Q1 2012 | -3.4% | — | — | |
| Q3 2011 | -0.4% | — | — | |
| Q2 2011 | -10.2% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q4 2009 | -2.3% | — | — | |
| Q4 2010 | -2.3% | — | — | |
| Q3 2010 | +0.3% | — | — | |
| Q2 2010 | -3.5% | — | — | |
| Q1 2009 | +1.9% | — | — | |
| Q1 2010 | +1.3% | — | — | |
| Q4 2007 | +1.9% | — | — | |
| Q3 2008 | +1.6% | — | — | |
| Q3 2009 | +1.6% | — | — | |
| Q2 2009 | -2.6% | — | — | |
| Q4 2008 | -2.6% | — | — | |
| Q2 2008 | -2.6% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro