Keystone-SDA
The American bank JPMorgan Chase announced on Tuesday results that better than expected in the second quarter, despite a decrease in net profit of 17% due to exceptional gains over the same period of the previous year.
(Keystone-ATS) The net profit by action with comparable data – value privileged by the markets – stands at 4.96 dollars when the consensus of Factseet analysts anticipated 4.49 dollars.
Between April and June, the group garnered a turnover of $ 44.91 billion (35.8 billion francs), down 11% over a year, and net profit appears at $ 14.99 billion against 18.15 billion in the second quarter of the previous year.
The consensus had counted 43.90 billion and 12.61 billion respectively.
In the second quarter of 2024, JPMorgan had notably pocketed a net gain of $ 7.9 billion linked to the sale of actions of the Visa credit card issuer.
“All our trade lines have achieved good performances,” noted Jamie Dimon, boss of the bank, quoted in a press release, mentioning the constraint of customers to “navigate in volatile market conditions at the beginning of the quarter”.
Positive deregulation
The American economy “remains resilient” but “significant risks persist”, added the one who is considered one of the most powerful leaders in the world.
“The finalization of the tax reform and the potential deregulation are positive for economic prospects, however, significant risks persist,” he said, citing as an example “uncertainty linked to customs duties and trade, aggravation of geopolitical conditions, high budgetary deficits and the high price of assets”.
He ensured preparing the bank to face “a large number of scenarios”.
In electronic exchanges before opening the New York Stock Exchange, JPMorgan action ceded 0.38%.
