JPMorgan Chase & Co. earned $9.4 billion or $2.92 per share net income from almost $30 billion revenues in Q3, according to press release. Net income was up 4% from the same quarter last year. Managed revenues were $29.9 billion, more than expected 28.6 billion.
- Common Equity Tier 1 (CET1) capital ratio 15.0% versus 13.1% quarter over a quarter basis
- Return on equity is 15% versus 7% quarter over quarter basis.
- Assets Under Management (AUM) $2.6 trillion versus $2.2 trillion year over year basis
- Consumer and Community Banking revenues $12.8B versus $14.0 billion year over year basis
- Corporate and Investment Bank revenues $11.5 billion versus v $9.5B year over year basis (Banking revenues $3.7 billion up 6% year over year basis; Markets and Investor Services revenues $7.9 billion, up 29% year over year basis)
- Commercial banking revenues $2.3 billion versus $2.3 billion year over a year basis
- Average core loans up 1% year over year basis and up 4% quarter over quarter basis.
- Total provisions $611million versus $10.5 billion quarter over quarter basis
- Adjusted overhead ratio 58% versus 56% year over year basis
- Strong production margins benefited home lending while combined debit and credit card spend showed positive year over year growth in September.
JP Morgan stock gaining on Q3 earnings release. JPM: NYSE is up on premarket 1.41%
