JP Morgan Q1 - Record Trading Profits

15-APR-20

The global Covid-19 economic debacle is taking its toll on our portfolio companies, and today I will consider US banking giant JP Morgan. The company put out an earnings report yesterday for the first quarter of the year, up to March 31, so we have some fresh data to consider.


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Jamie Dimon Has Emergency Heart Surgery

09-MAR-20

Jamie Dimon, the charismatic CEO of our favoured banking stock, JP Morgan, had emergency heart surgery last week after suffering an acute aortic dissection. According to Google this occurs when there is a weakened area in the aortic wall.


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JP Morgan FY Numbers - Record for US Bank

15-JAN-20

Yesterday JP Morgan kicked off the latest earnings season. So how good were their results? Well, they posted the best year for any US bank in history. Boom! Profits were 21% higher, coming in at $36.4 billion. Those sort of numbers are still hard to wrap my head around. Thanks to having a great 2019, the share price has increased by 38% over the past 12 months. Having a volatile market, which we have had thanks to geopolitics, means their trading division prints money. In 2019 trading saw an increase of 56% in revenues.


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JP Morgan Q3 - Looking Cheap

16-OCT-19

Yesterday JP Morgan released results that beat expectations. The stock went up 2% immediately in the futures market before the open, and closed the day higher by 3%. Earnings came in at $2.68 versus consensus of $2.50. Revenues of $29.3bn also beat expectations. Net income for the period was $9bn. Wow these banks are big. Here are some of the divisional highlights.


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JP Morgan Q2 Numbers - A Beat

17-JUL-19

The JP Morgan results out yesterday morning were very interesting, and have me scratching my head: the bank is in very good health, but the share price won't seem to go up. In the environment which we find ourselves of low interest rates and tepid economic growth, they are battling a little to sustain top line (revenue) growth and maintain net interest margins.


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JP Morgan - Top and Bottom Line Records

15-APR-19

JPMorgan kicked off the 2019 earnings season with better-than-expected numbers, thanks in part to higher interest rates late last year.


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The Case for Banks in 2019

04-APR-19

Financial services are a big part of the modern economy, but are banks a good investment? They're certainly profitable, and these days very unlikely to fail, but mostly unloved. What this means is that they churn out cash, but their share prices trade at modest multiples of current earnings.


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JP Morgan FY Record Numbers

17-JAN-19

On Tuesday before the US market opened, JP Morgan released their Q4 and Full-Year (FY) results. Due to lower trading volumes in this quarter, the company missed analyst expectations for both revenue and net income. Going into the results knowing that the company had 'disappointed', I was expecting to read weak numbers. What I found was the total opposite.


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Q2 18 Numbers

17-JUL-18

Vestact steered its clients towards buying JP Morgan shares in November 2017. Broadly speaking, we believe that large US banks are set to benefit from stronger economic growth, rising interest rates, increased efficiency, less paperwork, lighter regulations, fewer branches, better use of technology and thus fatter margins. JP Morgan is the biggest and best US bank.


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JPM online bank, FINN

09-JUL-18

Here at Vestact we advocate using the products of the stocks we own. It is a good way of knowing if the products produced by your investments are up to scratch. Of course, this is only a small piece of the analysis puzzle but I do think it helps.


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JP Morgan FINN

29-JUN-18

Sam covered JP Morgan's Fintech ambitions in detail a few weeks ago. Remember that Finn by Chase is the earmarked brand to target millennials and people who want to do the majority of their transactions on their phones.


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Finn For The Win

08-JUN-18

JP Morgan is a core New York Vestact portfolio stock. It has unveiled Finn, a new mobile banking product that gives customers online functionality and greater control of their everyday spending and saving.


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JP Morgan 1Q numbers - big profit growth

16-APR-18

On Friday JP Morgan crushed expectations for their 1Q numbers with revenue of $28.52 billion (up 10%) and Net Income of $8.71 billion (up 35%). Thanks to share buybacks, their EPS was up an even more impressive 44%.


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Superstar CEO

31-JAN-18

How important is a superstar CEO? Can one make a case for owning a company just because it has a hero at the helm? Should we blindly back entrepreneurs who start, build and then run great companies?


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JP Morgan FY numbers - poised for growth

18-JAN-18

Last week Friday we received fourth quarter and end of year results from JP Morgan. This is the first results release since we put JP Morgan on our buy list. US companies usually disclose more details on the quarterly movements. I will therefore give a summary of the annual results and then focus more on the quarterly numbers in detail.


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