Sector: Financials|Industry: Banks - Diversified|Market Cap: $689.25B|Employees: 309.9K
JPMorgan Chase & Co. is a leading financial services firm with operations worldwide, offering investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management services. A leader in its key markets, the firm leverages its scale, product breadth, and technology platform to serve millions of customers in the U.S. and many of the world's most prominent corporate, institutional, and government clients globally.
The 10-K reports total net revenue of $177.56 billion for 2024, compared to $158.104 billion in 2023, a 12% increase. This growth was fueled by a combination of higher net interest income and noninterest revenue, indicating a diversified revenue stream.
The 10-K shows net income of $58.471 billion for 2024, compared to $49.552 billion in 2023, an 18% increase. This indicates improved profitability driven by revenue growth and effective expense management.
The 10-K indicates a return on common equity (ROE) of 18% for 2024, compared to 17% in 2023. This signals improved efficiency in utilizing shareholder equity to generate profits.