JPMorgan Chase reports 2018 Q2 financial results

July 19, 2018
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JPMorgan Chase reports 2018 Q2 financial results

Firmwide Metrics

Reported revenue of $27.8 billion; managed revenue of $28.4 billion
Average core loans ex-CIB, up 7% YoY and 2% QoQ

CCB

Average core loans up 7%; average deposits up 5%
Client investment assets of $284 billion, up 12%
Credit card sales volume up 11% and merchant processing volume up 12%

CIB

#1 Global Investment Banking fees with 8.6% wallet share YTD
Markets revenue up 13%, with Equity Markets revenue of $2.0 billion, up 24%
Treasury Services and Securities Services revenue each up 12%

Average loan balances up 4%
Strong credit quality with 7 bps net charge-off rate

AWM

Average loan balances up 12%
Assets under management (“AUM”) of $2.0 trillion, up 8%

Jamie Dimon, Chairman and CEO, commented on the financial results: “We see good global economic growth, particularly in the US, where consumer and business sentiment is high. Because of this broad growth and the strong underlying performance across each of
our businesses, the company delivered record results this quarter. We also want to acknowledge that global competition is getting stronger.”

Re-disseminated by The Asian Banker