8-KEarnings & ResultsExhibits & Filings

JPMORGAN CHASE & CO 8-K Report, Financial Results (Oct 11, 2024)

Filed October 11, 2024For Securities:JPMJPM-PCJPM-PDJPM-PKJPM-PLJPM-PMJPM-PJAMJBVYLD

Summary

JPMorgan Chase & Co. (JPM) has filed an 8-K report for the third quarter of 2024, revealing a net income of $12.9 billion, or $4.37 per share. This represents a slight decrease from the $13.2 billion net income, or $4.33 per share, reported in the third quarter of 2023. While earnings per share saw a modest increase, overall net income experienced a slight decline year-over-year. The filing primarily serves to announce these financial results and includes the official earnings release and a financial supplement as exhibits. Investors should refer to these attached documents for a more detailed breakdown of the company's performance, including segment-specific results, balance sheet items, and management's commentary on the operating environment and future outlook. The increase in EPS despite lower net income suggests potential share buybacks or a change in the share count, which is worth investigating in the supplemental materials.

Key Highlights

  • 1Reported Q3 2024 net income of $12.9 billion.
  • 2Reported Q3 2024 earnings per share (EPS) of $4.37.
  • 3Q3 2024 net income decreased slightly from $13.2 billion in Q3 2023.
  • 4Q3 2024 EPS increased slightly from $4.33 in Q3 2023.
  • 5The filing includes the Q3 2024 earnings release and financial supplement as exhibits.
  • 6All provided exhibits are considered 'filed' for SEC purposes.

Frequently Asked Questions

JPMorgan Chase reported a net income of $12.9 billion for the third quarter of 2024.

Net income decreased slightly to $12.9 billion in Q3 2024 from $13.2 billion in Q3 2023, while earnings per share saw a modest increase to $4.37 from $4.33.

More detailed financial information, including segment results and commentary, can be found in the attached Exhibits 99.1 (Earnings Release) and 99.2 (Financial Supplement) to this Form 8-K filing.

The increase in Earnings Per Share (EPS) despite a slight decrease in net income could be attributed to factors such as a reduction in the number of outstanding shares (e.g., through share repurchases) or other changes in the capital structure. Investors should review the financial supplement (Exhibit 99.2) for details on share count and capital management.