Financials
Banks - Diversified
$360.63B
213K
Key insights and themes extracted from this filing
Net income was $6.9 billion for the three months ended September 30, 2024, compared to $7.8 billion for the same period in 2023. The decrease was primarily due to higher noninterest expense and a higher provision for credit losses.
Total revenue, net of interest expense, was $25.3 billion for the three months ended September 30, 2024, compared to $25.2 billion for the same period in 2023. Noninterest income increased, while net interest income decreased.
Total assets increased to $3.3 trillion at September 30, 2024, from $3.2 trillion at December 31, 2023. This increase was primarily driven by higher trading account assets and securities borrowed or purchased under agreements to resell.