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Jpmorgan Bank

JPMorgan posts record profits as major US banks thrive in final qtr of 2024

JPMorgan's net income soared 50 per cent to more than USD 14 billion in the fourth quarter as the bank's profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year. Earnings per share rose to USD 4.81 from USD 3.04 a year ago. The result beat Wall Street profit projections of USD 4.09 a share, according to the data firm FactSet. Total managed revenue hit USD 43.7 billion, up 10 per cent, from USD 39.9 billion a year ago. Wall Street was expecting revenue of USD 41.9 billion. JPMorgan posted a record USD 54 billion profit for the year, or USD 18.22 per share, adjusted for one-time expenses. Yet interest income fell 3 per cent to USD 23.5 billion, driven lower by lower interest rates. JPMorgan CEO Jamie Dimon said the bank got a boost from investment banking business, where fees rose 49 per cent and markets revenue jumped 21 per cent. The bank's consumer banking business also thrived, with clients opening nearly 2 million check

JPMorgan posts record profits as major US banks thrive in final qtr of 2024
Updated On : 15 Jan 2025 | 9:35 PM IST

PricingDirect, Alumni tie up for independent valuations of PE securities

Private equity has grown over the past few years, with an increasing number of firms turning to private credit as the main source of financing their deals

PricingDirect, Alumni tie up for independent valuations of PE securities
Updated On : 10 Dec 2024 | 7:31 PM IST

JPMorgan sets up unit in GIFT city to develop derivative products

The US bank will pitch the products to clients in Asia-Pacific and Europe, in addition to providing support for the offerings developed from the Gujarat International Finance Tec-City, or GIFT City

JPMorgan sets up unit in GIFT city to develop derivative products
Updated On : 14 Nov 2024 | 11:25 PM IST

JPMorgan CEO to remain at bank, has no plans to join Trump admin: Report

Dimon, 68, has been the subject of repeated speculation in recent weeks as a candidate for Treasury secretary by both Republicans and Democrats

JPMorgan CEO to remain at bank, has no plans to join Trump admin: Report
Updated On : 06 Nov 2024 | 11:29 PM IST

JPMorgan to closely monitor Indian bond liquidity after investor curbs

The South Asian nation surprised investors by imposing restrictions on sales of new securities with those tenors this week, just a month after it was included in JPMorgan's flagship gauge

JPMorgan to closely monitor Indian bond liquidity after investor curbs
Updated On : 03 Aug 2024 | 12:28 AM IST

Foreign banks snap up short-term Indian sovereign bonds: Bank of America

Investors' eagerness for short-term bonds are driven by lower supply of treasury bills

Foreign banks snap up short-term Indian sovereign bonds: Bank of America
Updated On : 15 Jul 2024 | 8:35 AM IST

'It's your job, it's not our job': JPMorgan Chase CEO on work-life balance

An old interview where JPMorgan Chase CEO Jamie Dimon talks on the importance of working smart to maintain a balance between professional and personal life is going viral again

'It's your job, it's not our job': JPMorgan Chase CEO on work-life balance
Updated On : 11 Jul 2024 | 4:44 PM IST

Indian govt bonds now part of JP Morgan's bond index. Here's what it means

Indian government bonds enter JP Morgan's GBI-EM Index, expected to attract $30 billion in inflows

Indian govt bonds now part of JP Morgan's bond index. Here's what it means
Updated On : 28 Jun 2024 | 7:57 AM IST

JPMorgan India Bank CEO Prabdev Singh quits before end of term: Report

Singh, popularly known as PD, had received regulatory approval in January 2023 for a three-year term as CEO of JPMorgan Chase Bank India

JPMorgan India Bank CEO Prabdev Singh quits before end of term: Report
Updated On : 25 Jun 2024 | 12:47 AM IST

JPMorgan to increase India headcount by 5%-7% over next few years: Top exec

The New York-based lender already employs about 55,000 people, about a fifth of its global workforce, across five Indian cities

JPMorgan to increase India headcount by 5%-7% over next few years: Top exec
Updated On : 30 May 2024 | 2:26 PM IST

JPMorgan failed to monitor billions of client orders between 2014-21: CFTC

The Commodity Futures Trading Commission (CFTC) said Thursday the bank would pay $100 million to settle a multiyear probe into the JPMorgan's trade monitoring

JPMorgan failed to monitor billions of client orders between 2014-21: CFTC
Updated On : 24 May 2024 | 8:04 AM IST

JPMorgan says CEO transition is top priority, cites potential successors

The board is 'spending significant time on developing operating committee members who are well-known to shareholders as strong potential CEO candidates,' it said in a proxy statement

JPMorgan says CEO transition is top priority, cites potential successors
Updated On : 08 Apr 2024 | 7:15 PM IST

Citigroup hires JPMorgan's Viswas Raghavan as head of banking, exec VC

Raghavan, who is expected to start at the bank in summer, will also join the firm's executive management team and report directly to Fraser, Citigroup said in an internal memo Monday

Citigroup hires JPMorgan's Viswas Raghavan as head of banking, exec VC
Updated On : 26 Feb 2024 | 8:48 PM IST

JPMorgan profit shrinks as it sets aside $3 bn for deposit insurance fund

Bank said it expects full-year net interest income (NII) of $90 billion. That was higher than estimates of $86.2 billion, according to LSEG data. In the quarter, NII rose 19% to a record of $24.2 bn

JPMorgan profit shrinks as it sets aside $3 bn for deposit insurance fund
Updated On : 12 Jan 2024 | 8:41 PM IST

Vote of confidence

RBI has done well, but new external challenges can emerge

Vote of confidence
Updated On : 02 Nov 2023 | 9:19 PM IST

JPMorgan chief Dimon to sell some of his own company stock for first tim

The sale is not related to leadership succession, a company spokesman said. Dimon is not currently planning to sell more stock, but could consider doing so in the future, the spokesman added

JPMorgan chief Dimon to sell some of his own company stock for first tim
Updated On : 27 Oct 2023 | 10:33 PM IST

JP Morgan upgrades India to 'overweight' from 'neutral' ahead of elections

Joins Morgan Stanley, CLSA, Nomura on hiking India exposure

JP Morgan upgrades India to 'overweight' from 'neutral' ahead of elections
Updated On : 27 Oct 2023 | 10:32 PM IST

JPMorgan profit rises on interest income boost, First Republic purchase

Shares of the bank fell 0.7% in premarket trading

JPMorgan profit rises on interest income boost, First Republic purchase
Updated On : 13 Oct 2023 | 5:17 PM IST

Citi India sees $22 billion in equity capital deals in 2023, says CEO

"Given the interest in India as a market, at some point people will look at both organic and inorganic way to come into the market," Khullar said

Citi India sees $22 billion in equity capital deals in 2023, says CEO
Updated On : 05 Oct 2023 | 7:55 PM IST

BNP Paribas upbeat on India bonds after JPMorgan inclusion, sees 10-yr high

"The muted reaction currently is due to weak global risk appetite," Sambor, who said inflows could rise if India becomes a part of other global indices

BNP Paribas upbeat on India bonds after JPMorgan inclusion, sees 10-yr high
Updated On : 28 Sep 2023 | 4:57 PM IST