Summary by Moomoo AI
JPMorgan Chase & Co. reported a robust financial performance in its quarterly financial report for the period ended June 30, 2024. The company's total net revenue saw a significant increase of 22% year-on-year to $50.2 billion for the quarter, while the six-month figure also rose by 16% to $92.1 billion. Operating profit for the quarter was notably higher, with a 29% increase from the previous year, reaching $26.5 billion. Net income followed suit, growing by 25% to $18.1 billion for the quarter. Diluted earnings per share for the quarter were $6.12, marking a 29% increase year-on-year. The company's financial health was further evidenced by a return on common equity (ROE) of 23% and a return on tangible common equity (ROTCE) of 28% for the quarter. Despite these gains...Show More