JP Morgan Chase & Co. reports 2018 Q1 financial results

JP Morgan Chase & Co. reports record quarterly earnings.

 

Firmwide Metrics
- Reported revenue of $27.9 billion; managed revenue of $28.5 billion2
- Average core loans2 ex-CIB, up 8% YoY and 1% QoQ

CCB ROE 25%
- Average core loans2 up 8%; average deposits of $660 billion, up 6%
- Client investment assets of $276 billion, up 13%, with record net flows this quarter
- Credit card sales volume up 12% and merchant processing volume up 15%


CIB ROE 22%
- Maintained #1 ranking for Global Investment Banking fees with 8.1% wallet share in 1Q18
- Record Equity Markets revenue of $2.0 billion
- Treasury Services revenue, up 14%; Securities Services revenue, up 16%

CB ROE 20%
- Average loan balances of $202 billion, up 6%
- Strong credit quality with 0 bps net charge-off rate

AWM ROE 34%
- Record average loan balances of $133 billion, up 12%
- Assets under management (“AUM”) of $2.0 trillion, up 10%

Jamie Dimon, Chairman and CEO, commented on the financial results: “2018 is off to a good start with our businesses performing well across the board, driving strong top-line growth and building on the momentum from last year. We have been outpacing the industry on consumer deposit growth while attracting significant net new money and growing client investment assets 13%. Card sales and merchant processing volume both grew double digits, reflecting our investments in new products and innovation focused on our customers' needs.”

Re-disseminated by The Asian Banker

Diary of Activities
The Asian Banker Digital Finance Leadership Programme
23 - 27 July 2018 | United Kingdom
Future of Finance Thailand 2018
02 August 2018 | Thailand
Future of Finance Indonesia 2018
30 August 2018 | Indonesia
Switzerland Wealth Innovation Tour 2018
03 - 07 September 2018 | Switzerland
Future of Finance Philippines 2018
05 October 2018 | Philippines