Financials
Banks - Diversified
$360.63B
213K
Key insights and themes extracted from this filing
Net income for the three months ended June 30, 2024 was $6.9 billion, down from $7.4 billion in the prior quarter and $7.4 billion in the same period of 2023. The decrease was primarily attributable to higher noninterest expense and provision for credit losses.
Total revenue, net of interest expense, increased slightly year-over-year to $25.4 billion, driven by a $636 million increase in noninterest income. However, net interest income decreased by $456 million.
Total assets increased by $77.8 billion to $3.3 trillion, primarily due to higher securities borrowed or purchased under agreements to resell and trading account assets to support Global Markets client activity.