Tag: $JPMorgan Chase

JPMorgan Chase posted third-quarter results that topped estimates for profit and revenue as the company generated more interest income than expected.

JPMorgan Chase on Friday posted second-quarter profit and revenue that topped analysts’ expectations as investment banking fees surged 52% from a year earlier.

JPMorgan Chase has set an ambitious goal of attracting 15% of the country’s consumer deposits, Marianne Lake, its CEO of consumer and community banking, told Reuters in an interview at the company’s New York headquarters.

The Federal Reserve is set to release the outcomes of stress tests run on 32 lenders—from enormous ones like JPMorgan Chase and Bank of America to smaller banks such as Huntington Bancshares —after the stock market closes on Wednesday.

The bank said first-quarter profit rose 6% to $13.42 billion, or $4.44 per share, from a year earlier, boosted by its takeover last year of First Republic during the regional banking crisis.

The bank said quarterly earnings slipped 15% to $9.31 billion, or $3.04 per share, from a year earlier.

Profit at JPMorgan climbed 35%—or 24% excluding First Republic— to $13.2 billion.

JPMorgan Chase (JPM) is turning to a top former Silicon Valley Bank executive for help lending to startups.

JPMorgan Chase & Co’s net interest income would rise by $3 billion this year due to its purchase of failed First Republic Bank, according to a presentation published ahead of its investor day on Monday.