posted $2.57 in fourth-quarter earnings per share, outpacing the $2.36 figure that Wall Street analysts surveyed by Bloomberg were expecting as corporate and investment bank revenues jumped 31%, and wealth and asset management revenue climbed 8%.
The bank's shares climbed 1.9% in premarket trading as investors cheered the outperformance and positive outlook by CEO Jamie Dimon.Earnings per share:"JPMorgan Chase produced strong results in the fourth quarter of 2019, capping off a solid year for the Firm where we achieved many records, including record revenue and net income," Dimon said in the earnings release.
"While we face a continued high level of complex geopolitical issues, global growth stabilized, albeit at a lower level, and resolution of some trade issues helped support client and market activity towards the end of the year," he added. JPMorgan's corporate and investment bank generated record fourth-quarter revenue, Dimon said. He added that global investment banking fees rose slightly in the quarter, and the bank's investment banking fee wallet share for the year hit its highest level in a decade.
The bank's commercial banking division earned a record $2.7 billion of investment banking revenue last year, and the asset and wealth management division also brought in record long-term net flows of $100 billion, he said.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Visa CEO mentions Wall Street's concerns over Plaid - Business InsiderVisa is set to acquire startup Plaid for $5.3 billion, but the payment giant's CEO hinted at the need to address 'concerns' Wall Street has about the buzzy fintech
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Wall Street hits record, boosted by trade and earnings optimismApple, Alphabet and other tech favorites propelled Wall Street to record highs o... Boosted by trillions pumped in by the Fed. Yeah!!! We can all go buy ourselves lots of..... nothing. Three jobs and no money. But hey Wall Street is up. Bread and water for dinner but Wall Streets up. Time to get another job. And US budget deficit in Q1 highest in 9 years
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »
How Poshmark sellers made their side hustles 6 figure businesses - Business InsiderThe secondhand market will reach $51 billion by 2023. Here's how two entrepreneurs used the app, which may be the next generation eBay, to grow sales.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
JP Morgan Chase is set to report fourth-quarter earnings – here's what the Street expectsJ.P. Morgan, the biggest U.S. bank by assets, is the first major lender to report earnings. I'm buying more $GRNF JPMORGAN CHASE REPORTS RECORD FOURTH-QUARTER 2019 NET INCOME OF $8.5 BILLION, OR $2.57 PER SHARE RECORD FULL-YEAR 2019 NET INCOME OF $36.4 BILLION, OR $10.72 PER SHARE Presentation Supplement $JPM
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
SoftBank and Zume had funding deal that never happened - Business InsiderSoftBank and Zume had letter of intent in December for a funding deal that never happened, leaving the pizza tech startup no choice but to cut hundreds of jobs and give up on robots Thank you very much for your help soft in the head bank Click bait
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Circuit: Founder and CEO maxed out working capital to grow without VC cash - Business Insider'We've been growing at a staggering pace with more than a million deliveries a week last year,' Underwood told Business Insider in an interview. Paywall How dare he! I need to pay to read the story?
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »