Strong Net Income and EPS
JPMorgan Chase reported a net income of $15 billion and an EPS of $5.24, reflecting solid financial performance for the quarter.
Commercial and Investment Banking Growth
CIB reported net income of $6.7 billion on revenue of $19.5 billion, which was up 9% year on year. Investment banking fees increased by 7%, and advisory fees rose 8%.
Asset and Wealth Management Success
AWM reported net income of $1.5 billion with pre-tax margin of 34%, and revenue of $5.8 billion was up 10% year on year. Long-term net inflows were $31 billion for the quarter.
Strong Consumer and Business Deposits
Average client deposits were up 16% year on year and up 5% sequentially, reflecting increased activity across payments and security services.
Card and Auto Revenue Increase
Revenue from card services and auto was up 15% year on year, driven by higher card NII and revolving balances.