Home   Finance    Power Engineering    Metallurgy    Technologies    Insurance    Transports    Property    Health care  Right  Ru  
Profit of JPMorgan in the I quarter of 2018 increased to $ 8.71 billion


Net income of the largest US bank by assets JPMorgan Chase & Co. in the I quarter of 2018 increased to $ 8.71 billion, or up to $ 2.37 per share. For the same period last year, the profit was $ 6.45 billion, or $ 1.65 per share, according to the bank's statements.
 
Profit of JPMorgan in the I quarter of 2018 increased to $ 8.71 billion
 
At the same time, the bank's revenue increased 10% from $ 25.85 billion to $ 28.52 billion.

Analysts forecasted a profit of $ 2.28 per share and revenues of $ 24.75 billion.

The proceeds of corporate and investment division JPMorgan in January-March 2018 increased by 9% compared to the same period last year to $ 10.48 billion, profit increased by 25% to $ 3.97 billion.

Net interest income JPMorgan in January-March increased by 9% compared to the same period last year, reaching $ 13.5 billion.

The revenue of the retail unit (CCB) increased by 15% to $ 12.6 billion, its profit jumped 1.5 times to $ 3.33 billion. The income of the mortgage business remained virtually unchanged at $ 1.51 billion.

The bank's asset management division reported revenue growth of 7% in the first quarter compared to the same period last year to $ 3.51 billion, profit doubled to $ 770 million.

The volume of assets under management increased from $ 1.81 trillion to $ 2.016 trillion.

Previously, JPMorgan Chase & Co. has raised the forecast of the prices for metals, having declared, that acceleration of inflation will support the commodity goods.

"Inflation has come, and this should be a positive factor for commodities," the bank said. JPMorgan pointed to the acceleration of wage growth in the US, as well as the acceleration of core inflation.

Consumer prices in the US in January rose more than expected. The core inflation indicator showed the maximum growth for the year. This reinforces expectations about accelerating inflation and a more rapid increase in FRS interest rates this year.

Commodity prices in January rose to their highs in two years. Banks, including Goldman Sachs Group Inc., have a positive outlook for 2018.

JPMorgan notes that commodities tend to succeed at a later stage of the business cycle. A similar opinion is held by billionaire investor Jeffrey Gundlach. Glencore Plc also mentioned the outlook for inflation as a positive factor for commodities. On Wednesday, the commodity trader said that he received a record profit in 2017.

 
Read also:

  • Wells Fargo reported a 5.5% increase in net profit in the first quarter of ...
  • The forecast of GDP growth of the eurozone is kept at the level of 0.4%
  • Bank lending in the euro area weakened in February 2018
  • Deutsche Bank will continue to reduce employees to below 90 thousand
  • GDP of the world's countries 2017


  • The most innovative economies of the world 2017


    World Economic Forum in Davos 2018

    APEC 2017 Summit in Vietnam

    Valday - 2017: forum

    VEF-2017: results

    Summit BRICS in China 2017
             Calendar
    «    Июнь 2018    »
    ПнВтСрЧтПтСбВс
     
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26
    27
    28
    29
    30
     

    GDP of the world's countries 2017
    List of the IMF in trillion. $.

      1 USA - 19,284
      2 China - 12,263
      3 Japan - 4,513
      4 Germany - 3,591
      5 Great Britain - 2,885
      6 France - 2,537
      7 India - 2,487
      8 Italy - 1,901
      9 Brazil - 1,556
      10 Canada - 1,530
    GDP per capita world countries 2017 (table)

    List of the IMF in $

      1 Luxembourg - 108004.9
      2 Switzerland - 79347.76
      3 Norway - 72046.29
      4 Qatar - 67269.64
      5 Macao - 61365.29
    The state debt of the countries of the world 2017

    Public debt of 2017 countries as a percentage of GDP

      1 Japan - 250,91
      2 Lebanon - 147,62
      3 Italy - 131,71
      4 Eritrea - 127,5
      5 Portugal - 127,33
      6 Cape Verde- 122,25
      7 Bhutan - 122,12
      8 Jamaica - 116,07
      9 USA - 107,48
      10 Barbados - 106,58
    Gold and currency reserves of the countries of the world 2017

    International reserves, billion USD

      1 China - 3080,7
      2 Japan - 1260,0
      3 Switzerland - 773,1
      4 European Union - 745,9
      5 Saudi Arabia - 492,9
      6 Taiwan - 444,4
      7 Russia - 419,9
      8 Hong Kong - 413,3
      9 India - 393,6
      10 Republic of Korea - 383,8

    Home   Finance    Power Engineering    Metallurgy    Technologies    Insurance    Transports    Property    Health care  Right  Ru  





    Economy news
       Copyright 2015 © econominews.ru