Strong Q4 performance despite lower net income

  • JPMorgan Chase’s net income for Q4 2024 dropped to $9.3 billion
  • Excluding one-time items, Q4 profit was $3.97 per share, beating analyst estimates
  • Reported revenue rose to $38.57 billion
  • JPMorgan Chase paid a $2.9 billion special assessment to the FDIC
  • JPMorgan Chase’s stock was down 2.9% in premarket trades

JPMorgan Chase reported a drop in net income for the fourth quarter of 2024, with a total of $9.3 billion compared to $11 billion in the previous year. However, excluding one-time items, the bank’s profit for the quarter was $3.97 per share, surpassing analyst estimates of $3.35 per share. Reported revenue also saw an increase, rising to $38.57 billion from $34.55 billion. The bank paid a $2.9 billion special assessment to the FDIC related to the failure of Silicon Valley Bank and other banks. Despite the lower net income, JPMorgan Chase’s stock experienced a 2.9% decline in premarket trades.

Public Companies: JPMorgan Chase & Co. (JPM), Silicon Valley Bank (null), S&P 500 (SPX)
Private Companies:
Key People: Jamie Dimon (Chief Executive)

Track all markets on TradingView

Factuality Level: 8
Justification: The article provides specific financial figures and quotes from JPMorgan Chase’s CEO, which can be verified. However, it does not provide any sources for the information or any analysis of the data. It also includes some irrelevant information about the stock performance and a special assessment paid to the FDIC.

Noise Level: 3
Justification: The article provides relevant information about JPMorgan Chase’s fourth-quarter net income, revenue, and CEO’s comments. It also mentions a special assessment paid to the FDIC. However, it lacks in-depth analysis, scientific rigor, and actionable insights. The article stays on topic and supports its claims with data and examples.

Financial Relevance: Yes
Financial Markets Impacted: JPMorgan Chase & Co.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses JPMorgan Chase & Co.’s fourth-quarter net income and revenue. However, there is no mention of an extreme event.

Reported publicly: www.marketwatch.com