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(CercleFinance.com) – JPMorgan Chase publishes net profit down slightly by 2% to $12.9 billion for its third quarter of 2024, or $4.37 per share (+1%), and a return on tangible equity (ROTCE) of 19%, compared to 22% a year earlier.
The New York bank’s revenues rose 6% to $43.3 billion, while its non-interest expenses rose only 4% to $22.6 billion and its provisions for credit losses increased more. than doubled (+125%) to 3.11 billion.
‘While inflation is slowing and the US economy remains resilient, several critical issues remain, including large budget deficits, infrastructure needs, trade restructuring and the remilitarization of the world,’ says CEO Jamie Dimon.
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