The company said JPMorgan Chase reported Q3 2024 net income of $12.9 billion ($4.37 per share), compared with $13.2 billion ($4.33 per share) in Q3 2023. The company said ROTCE was 19% in Q3.

1. 01

   The company said JPMorgan Chase reported Q3 2024 net income of $12.9 billion ($4.37 per share), compared with $13.2 billion ($4.33 per share) in Q3 2023. The company said ROTCE was 19% in Q3.

2. 02

   JPMorgan Chase said managed net revenue for Q3 was $43.3 billion, up 6%, and noninterest expense was $22.6 billion, up 4%. The company cited higher compensation, including revenue-related compensation, as a factor in the expense increase, and said lower legal expense partially offset it.

3. 03

   Chase said its provision for credit losses for Q3 was $3.1 billion, consisting of net charge-offs of $2.1 billion and a net reserve build of $1.0 billion. The company said net charge-offs rose $590 million, mainly in Card Services.

4. 04

   The company said it paid a common dividend of $3.6 billion ($1.25 per share) in Q3 and made net common stock repurchases of $6.0 billion. The company said its Basel III CET1 capital ratios were Std. 15.3% and Adv. 15.5%.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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