JPMorgan Chase & Co. (JPM - Free Report) reported $41.93 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.4%. EPS of $4.63 for the same period compares to $4.10 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $40.9 billion, representing a surprise of +2.52%. The company delivered an EPS surprise of +10.77%, with the consensus EPS estimate being $4.18.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how JPMorgan Chase & Co. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net loan charged-off on Average loans (Total retained loans): 0.6% versus 0.7% estimated by five analysts on average.
- Total Interest Earning Assets - Average Balance: $3,445.52 billion compared to the $3,394.57 billion average estimate based on five analysts.
- Total Non-Performing Assets: $8.27 billion versus the four-analyst average estimate of $7.66 billion.
- Total Non-Performing Loans: $7.68 billion versus the three-analyst average estimate of $6.78 billion.
- Revenue- Card & Auto: $6.14 billion versus $6.13 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.
- Revenue By Line of Business- Home Lending: $1.19 billion versus the two-analyst average estimate of $1.06 billion. The reported number represents a year-over-year change of +64.7%.
- Net Revenue- Corporate & Investment Bank- Banking- Investment Banking: $1.99 billion versus the two-analyst average estimate of $1.89 billion.
- Net Revenue- Corporate & Investment Bank- Banking- Payments: $2.37 billion versus the two-analyst average estimate of $2.41 billion.
- Net Revenue- Corporate & Investment Bank- Banking- Lending: $130 million versus $169.16 million estimated by two analysts on average.
- Net Revenue- Corporate & Investment Bank- Total Banking: $4.48 billion compared to the $4.47 billion average estimate based on two analysts.
- Net Revenue- Corporate & Investment Bank- Markets & Securities Services- Fixed Income Markets: $5.30 billion versus $4.95 billion estimated by two analysts on average.
- Net Revenue- Corporate & Investment Bank- Markets & Securities Services- Equity Markets: $2.69 billion versus the two-analyst average estimate of $2.73 billion.
View all Key Company Metrics for JPMorgan Chase & Co. here>>>Shares of JPMorgan Chase & Co. have returned +4% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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JPMorgan Chase & Co. (JPM - Free Report) reported $41.93 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.4%. EPS of $4.63 for the same period compares to $4.10 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $40.9 billion, representing a surprise of +2.52%. The company delivered an EPS surprise of +10.77%, with the consensus EPS estimate being $4.18.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how JPMorgan Chase & Co. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net loan charged-off on Average loans (Total retained loans): 0.6% versus 0.7% estimated by five analysts on average.
- Total Interest Earning Assets - Average Balance: $3,445.52 billion compared to the $3,394.57 billion average estimate based on five analysts.
- Total Non-Performing Assets: $8.27 billion versus the four-analyst average estimate of $7.66 billion.
- Total Non-Performing Loans: $7.68 billion versus the three-analyst average estimate of $6.78 billion.
- Revenue- Card & Auto: $6.14 billion versus $6.13 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.
- Revenue By Line of Business- Home Lending: $1.19 billion versus the two-analyst average estimate of $1.06 billion. The reported number represents a year-over-year change of +64.7%.
- Net Revenue- Corporate & Investment Bank- Banking- Investment Banking: $1.99 billion versus the two-analyst average estimate of $1.89 billion.
- Net Revenue- Corporate & Investment Bank- Banking- Payments: $2.37 billion versus the two-analyst average estimate of $2.41 billion.
- Net Revenue- Corporate & Investment Bank- Banking- Lending: $130 million versus $169.16 million estimated by two analysts on average.
- Net Revenue- Corporate & Investment Bank- Total Banking: $4.48 billion compared to the $4.47 billion average estimate based on two analysts.
- Net Revenue- Corporate & Investment Bank- Markets & Securities Services- Fixed Income Markets: $5.30 billion versus $4.95 billion estimated by two analysts on average.
- Net Revenue- Corporate & Investment Bank- Markets & Securities Services- Equity Markets: $2.69 billion versus the two-analyst average estimate of $2.73 billion.
View all Key Company Metrics for JPMorgan Chase & Co. here>>>Shares of JPMorgan Chase & Co. have returned +4% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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