JP MORGAN CHASE(JPM) - 2024 Q4 - Earnings Call Transcript

Financial Data and Key Metrics - Net income reported at $14 billion, with EPS of$4.81 and revenue of $43.7 billion, achieving an ROTCE of 21$3.8 billion or 10% year-on-year to $43.7 billion [1] - NII ex-markets decreased by$548 million or 2%, primarily due to lower rates, deposit margin compression, and lower deposit balances in CCB, partially offset by securities reinvestment, higher revolving balances in card, and higher wholesale deposit balances [1] - NII ex-markets increased by $3.1 billion or 30$1.2 billion or 21% [6] - Expenses decreased by $1.7 billion to$22.8 billion [6] Business Line Performance - CCB experienced lower deposit balances, impacting NII ex-markets [1] - Higher revolving balances in card and wholesale deposit balances partially offset the decline in NII ex-markets [1] - Asset management fees and investment banking fees contributed significantly to the increase in NII ex-markets [6] Market Performance - Markets revenue showed strong growth, increasing by $1.2 billion or 21% [6] Strategic Direction and Industry Competition - No specific details provided in the content regarding strategic direction or industry competition Management Commentary on Operating Environment and Future Outlook - No direct management commentary on the operating environment or future outlook provided in the content Other Important Information - The earnings call was hosted by JPMorgan Chase's Chairman and CEO, Jamie Dimon, and CFO, Jeremy Barnum [3][4] - The call included participants from major financial institutions such as Truist Securities, Wells Fargo Securities, and Morgan Stanley [5] Q&A Session Summary - No Q&A session details provided in the content