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CORRECTED-JPMorgan beats Q4 profit estimates helped by asset management
JPMorgan Chase & Co. JPM | 289.92 | +0.15% |
Corrects headline to remove reference to "investment banking"
Overview
U.S. bank's Q4 revenue slightly missed analysts' expectations
Adjusted EPS for Q4 beat analysts' expectations
Company announced $7.9 bln stock repurchase program
Outlook
JPMorgan remains committed to investing capital to drive future growth
Company sees U.S. economy as resilient but cautious of geopolitical risks
Result Drivers
CCB GROWTH - Revenue in Consumer & Community Banking rose 6%, driven by new customer acquisitions and increased card sales volume
MARKETS REVENUE - Corporate & Investment Bank markets revenue increased 17%, benefiting from strong client activity and demand for financing
AWM INFLOWS - Asset & Wealth Management revenue rose 13% to record $6.5 bln, driven by significant client asset inflows and favorable market conditions
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q4 Revenue |
Slight Miss* |
$45.80 bln |
$46.20 bln (13 Analysts) |
Q4 Adjusted EPS |
Beat |
$5.23 |
$5.004 (16 Analysts) |
Q4 EPS |
|
$4.63 |
|
Q4 Net Income |
|
$13.03 bln |
|
Q4 Net Interest Income |
|
$25.10 bln |
|
Q4 Credit Loss Provision |
|
$4.66 bln |
|
Q4 ROCE |
|
15.00% |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for JPMorgan Chase & Co is $336.00, about 3.5% above its January 12 closing price of $324.49
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)


