JPMorgan Chase & Co. (NYSE:JPM) reported better-than-expected third-quarter FY24 earnings on Friday.
Reported revenue rose 7% year-on-year to $42.654 billion, beating the consensus of $41.649 billion. Net revenue (managed) stood at $43.3 billion (+6% Y/Y) in the quarter. Net income fell 2% Y/Y to $12.90 billion in the quarter. EPS of $4.37, exceeding the consensus of $4.00.
JPMorgan said it now expects FY24 net interest income, excluding Markets, of ~$92.5 billion (up from ~$91 billion earlier). The bank continues to project card services NCO rate of ~3.40%.
Jamie Dimon, Chairman and CEO, ...
