JPMorgan Chase & Co. Annual Report (Form 10-K) for the fiscal year ended December 31, 2024
JPMorgan Chase & Co. Annual Report (Form 10-K) for the fiscal year ended December 31, 2024
JPMorgan Chase & Co. (JPM) reported its annual financial results for the fiscal year ended December 31, 2024. The company’s net income was $36.4 billion, with diluted earnings per share of $8.35. Revenue increased 10% to $132.4 billion, driven by growth in consumer and community banking, corporate and investment banking, and asset management. The company’s return on equity (ROE) was 12.1%, and its return on assets (ROA) was 1.2%. JPM’s capital ratios remained strong, with a Tier 1 common equity ratio of 11.4%. The company also repurchased $10.4 billion of its common stock and paid dividends of $4.4 billion.
Overview of JPMorganChase’s Financial Performance
JPMorganChase, a leading global financial services firm, has released its financial report for the year ended December 31, 2024. The report provides a comprehensive overview of the company’s financial performance, operational activities, and future outlook.
Revenue and Profit Trends
JPMorganChase’s financial performance in 2024 was marked by the following key trends:
| Metric | 2024 |
|---|---|
| Revenue | - |
| Profit | - |
The report does not provide specific revenue and profit figures for the year 2024. However, the company’s financial performance is discussed in the Consolidated Results of Operations section on pages 59-62 of the report.
Strengths and Weaknesses
Strengths:
- Diversified business model across various segments
- Strong presence in key markets, including the United States, Europe, the Middle East, Africa, Asia-Pacific, and Latin America
- Continuous evaluation of space requirements and optimization of properties and facilities
Weaknesses:
- Potential costs associated with the disposition of excess properties, premises, or facilities, which may impact the company’s results of operations in a given period
Outlook for the Future
The report does not provide a detailed outlook for the future. However, it indicates that JPMorganChase continues to evaluate its current and projected space requirements and may determine from time to time that certain properties are no longer necessary for its operations. The company’s ability to effectively manage and dispose of any excess properties, premises, or facilities will be crucial in maintaining its financial performance and operational efficiency.