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# JPMorgan Chase Posts Q2 2024 Net Income of $18.1 Billion, or $13.1 Billion Excluding Significant Items
- URL: https://www.theglobalbanker.com/jpmorgan-chase-q2-2024-net-income-13-1-billion-rotce-20-percent/
- Published: 2024-07-12T09:28:00.000Z
- Updated: 2026-10-02T14:39:27.000Z
- Description: JPMorgan Chase reported Q2 2024 net income of $18.1 billion, or $13.1 billion with a 20% return on tangible common equity excluding significant items, on managed revenue of $51.0 billion that included a $7.9 billion Visa share gain.
- Author: TGB Editorial Team
- Tags: Banking News, Americas, #archive

JPMorgan Chase reported second-quarter 2024 net income of $18.1 billion, or $13.1 billion excluding significant items, generating a return on tangible common equity of 20% on that adjusted basis (28% reported). Managed revenue for the quarter reached $51.0 billion (reported revenue: $50.2 billion), including a $7.9 billion net gain related to Visa shares. The results were released on 12 July 2024.

The quarter saw investment banking fees rise year-on-year. 

#### CAPITAL AND LENDING

The bank's Common Equity Tier 1 ratio stood at 15.3% at the end of the second quarter. Average loans grew 6% year-on-year including First Republic and were flat quarter-on-quarter.

Net interest income, which represents the spread between what JPMorgan earns on its lending and investment portfolios and what it pays on deposits and wholesale funding, has been a major driver of earnings for the bank and its large US peers since the Federal Reserve began its tightening cycle in March 2022\. The federal funds rate was in a target range of 5.25% to 5.50% at the time of the results; management had previously indicated that some compression in net interest income was expected in the second half of the year as deposit repricing continued.