Q4 2024 JPMorgan Chase & Co Earnings Call Transcript

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Jan 15, 2025

Jan 15, 2025 / 01:30PM GMT
Operator

Good morning, ladies and gentlemen. Welcome to JPMorgan Chase's fourth quarter 2024 earnings call. This call is being recorded. Your line will be muted for the duration of the call. We will now go live to the presentation. The presentation is available on JP Morgan Chase's website. Please refer to the disclaimer in the back concerning forward-looking statements. Please stand by.

At this time, I would like to turn the call over to JPMorgan Chase's Chairman and CEO, Jamie Dimon, and Chief Financial Officer, Jeremy Barnum. Mr Barnum, please go ahead.

Jeremy Barnum - JPMorgan Chase & Co - Chief Financial Officer

Thank you, and good morning, everyone. Starting on Page 1. The firm reported net income of $14 billion, EPS of $4.81 on revenue of $43.7 billion with an ROTCE of 21%.

On page 2, we have more on our fourth quarter results. The firm reported revenue of $43.7 billion, up $3.8 billion or 10% year-on-year. NII ex markets was down $548 million or 2% driven by the impact of lower rates and the associated deposit margin compression as well as

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