JPMorgan Chase & Co (MEX:JPM)

MXN 5000 -12.83 (-0.26%) Market Cap: 14.07 Til Enterprise Value: 15.06 Til PE Ratio: 13.66 PB Ratio: 2.13 GF Score: 67/100

Q2 2024 JPMorgan Chase & Co Earnings Call Transcript

Jul 12, 2024 / 12:30PM GMT

Release Date Price: MXN3612 (-1.90%)

Transcript 8-K

Operator

Good morning, ladies and gentlemen, Welcome to JPMorgan Chase's second quarter 2024 earnings call. This call is being recorded. (Operator Instructions) We will now go live to the presentation. The presentation is available on JPMorgan Chase's website and please refer to the disclaimer in the back concerning forward-looking statements. Please standby. At this time, I would like to turn the call over to JPMorgan Chase's Chief Financial Officer, Jeremy Barnum. Mr. Barnum, please go ahead.

Jeremy Barnum

JPMorgan Chase & Co - Chief Financial Officer

Thank you, and good morning, everyone. Starting on page 1, the firm reported net income of $18.1 billion, EPS of $6.12 on revenue of $51 billion with an ROTCE of 28%. These results included the $7.9 billion net gain related to Visa shares and the $1 billion foundation contribution of the appreciated Visa stock. Also included is $546 million of net investment securities losses in corporate. Excluding these items, the firm had net income of $13.1 billion, EPS of $4.40, and an ROTCE of 20%.

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