JPMorgan Chase reported net income of $12.9 billion for the third quarter of 2024, with a return on tangible common equity of 19% and managed revenue of $43.3 billion, up 6% year-on-year, as the bank published its earnings on 11 October 2024.
The Federal Reserve had begun its easing cycle in September 2024.
INVESTMENT BANKING AND CAPITAL MARKETS
Investment banking fees rose 31% year on year, according to the earnings release.
The firm's CET1 ratio was 15.3% at the end of the third quarter.
ASSET MANAGEMENT AND CLIENT WEALTH
Assets under management in JPMorgan's asset and wealth management division grew 23% year-on-year to reach $3.9 trillion, driven by a combination of net inflows and market appreciation. Total client assets across the division reached $5.7 trillion, also up 23% from the prior-year period.
The Q3 2024 results were published in the quarterly earnings release filed by JPMorgan Chase with investors and regulators on 11 October 2024.