JPMorgan Chase had anothersolid performance in the third quarter, posting an excellent return on tangible common equity of 19%, while NII grew $23.5 billion. The bank also sees net charge-offs leveling around 3.4% for the year as consumers continue to show resilience. That said, the bank ex...
The bank had a $1.1 billion provision for credit losses in the quarter, including the $428 million reserve build and $657 million in net loan charge-offs for soured debt. JPMorgan said it added to reserves because of a "modest deterioration" in its...
JP Morgan Chase Unveils $1.3Bn Charge to Cover Investor LawsuitsKatherine Griffiths Banking Correspondent
JPMorgan's first-quarter profit beat expectations but were held back by a spike in consumer credit costs amid mounting woes in the economy.
JPMorgan Chase Settles Mortgage Discrimination Lawsuit JPMorgan Chase is settling charges that independent brokers working for the bank discriminated against minorities seeking home mortgages. Jan 18, 2017 JPMorgan Breach Heightens Security Doubts New details on a cyberattack against JPMorgan's com...
J.P. Morgan and Company Building (also called The House of Morgan and The Corner) at 23 Wall St., New York, N.Y., U.S., was designed by Trowbridge & Livingston. Once the headquarters of J.P. Morgan & Co. (now JPMorgan Chase & Co.), the building is on the National Register ...
And note that the NII numbers imply about $800 million of markets NII in the fourth quarter. On credit, we continue to expect the 2024 Card net charge-off rate to be approximately 3.4%. So to wrap up, we're pleased with another quarter of strong operating performance. As we look ahead...
(b) Loans held-for-sale and loans at fair value were excluded when calculating the net charge-off/(recovery) rate. (c) As of March 31, 2024, included a $732 million allowance for First Republic. 31 ASSET & WEALTH MANAGEMENT Refer to pages 81–83 of JPMorgan Chase's 2023 Form 10-K...
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