Goldman progress masked by trading boom, bad deeds [Reuters]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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jpmorganchase.com/corporate/investor-relations/investor-relations.htm
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Source: Reuters
By John Foley 3 Min Read NEW YORK (Reuters Breakingviews) - It’s nearly a year since Goldman Sachs boss David Solomon laid out ambitious targets for his Wall Street firm, but it might as well be a lifetime. The bank’s 2020 performance was buffeted wildly by a combination of good times for traders, terrible times for almost everyone else, and a legacy of bad behavior in Goldman’s own ranks. Remove the noise and Goldman still hit a sweet spot. Goldman’s earnings grew 13% to $8.9 billion in a year in which most rivals saw double-digit declines. Bank of America on Tuesday reported a 37% drop, following Citigroup, JPMorgan and Wells Fargo southward. The difference is trading income, which accounts for almost half of Goldman’s revenue, and which surged. That more than outweighed the fines the bank paid to settle its role in Malaysia’s 1MDB scandal, an atonement that knocked around $3.4 billion off its net profit. Look past the 1MDB fine, and Goldman would have made a return on equity of 15
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JPM
News
- SEC Postpones Ethereum (ETH) ETF Decision, Solana (SOL) Climbs 12% as Network Issues Resolve, Furrever Token (FURR) Excels in $1M Presale [Yahoo! Finance]Yahoo! Finance
- The economy seems weaker than advertised, and inflation is still running hot—it's the ‘worst of both worlds' [Yahoo! Finance]Yahoo! Finance
- The $630 Billion Active-ETF Boom Is Dominated by Top 10 Players [BNN Bloomberg (Canada)]BNN Bloomberg
- The US economy may be barrelling towards stagflation, an outcome worse than recession [Business Insider]Business Insider
- Justice Or Overreach? Binance Founder Could Face 3 Years In Prison [Forbes]Forbes
JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form 424B2
- 4/25/24 - Form 424B2
- JPM's page on the SEC website