- JPMorgan’s managed net interest income for Q3 is $23.53 billion, exceeding the estimated $22.8 billion.
- Adjusted revenue came in at $43.32 billion, beating the forecast of $41.9 billion.
- Earnings per share (EPS) reached $4.37.
- The total value of loans is $1.34 trillion, slightly higher than the projected $1.33 trillion.
- Total deposits amount to $2.43 trillion, surpassing the estimate of $2.4 trillion.
- Provision for credit losses is $3.11 billion, higher than the expected $2.94 billion.
- Net charge-offs are lower than expected at $2.09 billion versus the estimate of $2.37 billion.
- Compensation expenses totaled $12.82 billion, exceeding the anticipated $12.56 billion.
- Non-interest expenses were $22.57 billion, slightly below the $22.85 billion estimate.
- Net yield on interest-earning assets was 2.58%, a bit higher than the 2.57% estimate.
- The standardized CET1 ratio is 15.3%, outperforming the expected 15.1%.
- The managed overhead ratio stands at 52%, better than the forecasted 54.7%.
- Return on equity is reported at 16%, above the estimated 14.5%.
- Return on tangible common equity is 19%, exceeding the predicted 17.5%.
- Assets under management total $3.90 trillion, surpassing the estimate of $3.8 trillion.
- Book value per share is $115.15, higher than the estimated $113.80.
- Cash and due from banks stand at $22.90 billion, below one of the estimates of $27.2 billion.
- Analyst ratings include 17 buys, 9 holds, and 1 sell.
“`
A look at JPMorgan Chase & Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, JPMorgan Chase & Co shows a promising long-term outlook. With a strong emphasis on growth and momentum, the company is positioned well for future success. Its solid growth score of 4 reflects a positive trajectory in terms of expansion and development, while its momentum score of 4 indicates strong market performance and investor interest.
Although the company’s resilience score is somewhat lower at 2, JPMorgan Chase & Co‘s overall outlook remains positive, backed by decent value and dividend scores of 3 each. These scores suggest that the company is offering fair value to investors and is committed to providing returns through dividends, adding further appeal to its long-term prospects in the financial services sector.
Summary: JPMorgan Chase & Co. is a global financial services and retail banking company that offers a wide range of services including investment banking, asset management, and commercial banking. Serving businesses, institutions, and individuals, the company has a diverse portfolio to cater to various financial needs.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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