News & Analysis

JPMorgan Q4 results are in

17 January 2022 By Klavs Valters


The world’s largest financial services company, JPMorgan Chase & Co. (JPM) reported its 2021 Q4 financial results before the opening bell on Wall Street on Friday.

The company reported total revenue of $29.257 billion in the fourth quarter of 2021, missing analyst forecast of $29.782 billion. Earnings per share reported at $3.33 a share, above analyst forecast of $3.01 a share.

CEO Jamie Dimon commented on the latest results – ”JPMorgan Chase reported solid results across our businesses benefiting from elevated capital markets activity and a pick up in lending activity as firmwide average loans were up 6%. The economy continues to do quite well despite headwinds related to the Omicron variant, inflation and supply chain bottlenecks. Credit continues to be healthy with exceptionally low net charge-offs, and we remain optimistic on U.S. economic growth as business sentiment is upbeat and consumers are benefiting from job and wage growth.”

”In 2021, we extended credit and raised over $3 trillion in capital for our consumer and institutional clients around the world, which includes nonprofits and U.S. government entities, including states, municipalities, hospitals and universities. We also accelerated investments to expand our product distribution capabilities, both domestically and internationally, enhance our products and services and modernize our technology. We continue to find attractive opportunities to invest in our businesses across the firm. Our longstanding capital hierarchy remains the same – first and foremost, to invest in and grow our market-leading businesses to support our clients, customers and communities; second, to pay a sustainable competitive dividend; and then, return any remaining excess capital to shareholders,” Dimon added.

JPMorgan Chase & Co. chart (1Y)

Share price of JPMorgan fell by around 5% at the US Open following the latest financial results. The stock is up by around 15% in the last year.

JPMorgan is the 12th largest company in the world and with a total market cap of $497.16 billion.

You can trade JPMorgan Chase & Co. (JPM) and many other stocks from the NYSE, NASDAQ and the ASX with GO Markets as a Share CFD.

Sources: JPMorgan Chase & Co., TradingView, CompaniesMarketCap

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