JPMorgan Chase's Q3 2024 net income decreased 2% to $12.9 billion, driven by loan loss provisions and geopolitical concerns.
JPMorgan Chase reported a Q3 2024 net income of $12.9 billion, down 2% from last year, primarily due to increased provisions for loan losses which rose to $3.1 billion. Despite this, earnings per share improved to $4.37, surpassing estimates. Revenue climbed 6% to $43.3 billion, driven by higher net interest income and investment banking fees. CEO Jamie Dimon expressed caution over geopolitical tensions affecting economic stability.
October 11, 2024
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