Earnings At 3 Large Banks: JPMorgan Chase, Citigroup, And Wells Fargo [Seeking Alpha]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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US:NYSE Investor Relations:
jpmorganchase.com/corporate/investor-relations/investor-relations.htm
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Source: Seeking Alpha
Summary Well, the bank earnings season began last Friday with three of the largest banks in the United States reporting: JPMorgan Chase & Co. (NYSE: JPM ), Citigroup, Inc. (NYSE: C ), and Wells Fargo & Company (NYSE: WFC ). The basic result for the three is as I predicted earlier in the week: “Big commercial banks are expected to post a stellar quarter in terms of profits, but there are reasons for concern about the future.” The two basic reasons for the exceptional returns for the third quarter are the tax cuts from last December and the rising interest rates. For example, the effective tax rate at JPMorgan Chase was 21.6 percent, down from 29.6 percent one year earlier. The other two banks also experienced substantial reductions in their effective tax rates. And, how did the individual banks perform? Well, JPMorgan Chase produced a return on shareholders' equity of 14.0 percent. This is the best return that JPMorgan has posted since the end of the Great Rece
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 4/19/24 - Form 424B2
- 4/19/24 - Form 424B2
- 4/19/24 - Form 424B2
- JPM's page on the SEC website