Financials
Banks - Diversified
$689.25B
309.9K
Key insights and themes extracted from this filing
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.