Summary by Moomoo AI
JPMorgan Chase delivered exceptional financial results for fiscal year 2024, with revenue rising 12% YoY to $177.6 billion and net income surging 18% to $58.5 billion. The firm achieved a diluted EPS of $19.75, up 22% YoY, while maintaining strong capital positions with a CET1 ratio of 15.7%. Net interest income grew 4% to $92.6 billion, and noninterest revenue increased 23% to $85.0 billion.All business segments demonstrated robust performance, with Consumer & Community Banking posting 32% ROE, Commercial & Investment Bank achieving 18% ROE, and Asset & Wealth Management reaching 34% ROE. Investment Banking fees increased 37%, while Assets Under Management grew 18% to $4.0 trillion. The firm successfully completed the First Republic Bank integration and executed a $7.9 billion net gain from Visa shares exchange.Looking ahead to 2025, JPMorgan Chase projects net interest income of approximately $94.0 billion and adjusted expenses of about $95.0 billion. The firm maintains a strong liquidity position with $1.4 trillion in available cash and securities, and has authorized a new $30 billion share repurchase program, demonstrating confidence in its continued growth trajectory.
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