- USA Bank Ratings
- AIG Financial Performance
- Bank of America Financial Performance
- BNY Mellon Financial Performance
- Capital One Financial Performance
- Citigroup Financial Performance
- Goldman Sachs Financial Performance
- JPMorgan Financial Performance
- MetLife Financial Performance
- Morgan Stanley Financial Performance
- PNC Fin Svcs Financial Performance
- US Bancorp Financial Performance
- Visa Financial Performance
- Wells Fargo Financial Performance
JPMorgan Financial Performance
JPMorgan reported QE December 2012 financial results on January 16
Strong profits continue for CEO Jamie Dimon and accomplices with an impressive earnings per share of $1.39, near a post-financial crisis high. Financial performance continues strong and financial position improved. Capital is adequate.
Risk management is the uncertainty at the largest of the Wall Street Banksters ($2.36 trillion total assets). A consent cease and desist order regarding same was issued by the Federal Reserve and Comptroller of the Currency this week.
At QE 12-31-12, I have rated JPMorgan a "D" on a scale of A+ to G-. This is no change in the rating from the prior QE 9-30-12. The median rating is "D" and the average rating at QE 9-30-12 was "C". Financial position is weighted more than financial performance. The QE 9-30-12 bank ratings review is here.
Jamie Dimon, Chairman and Chief Executive Officer, commented on the financial results: “For the third consecutive year, the Firm reported both record net income and a return on tangible common equity of 15%. The Firm’s results reflected strong underlying performance across virtually all our businesses for the fourth quarter and the full year, with strong lending and deposit growth. We also maintained our leadership positions and continued to gain market share in key areas of our franchise. As we highlight upfront in this release, there were several significant items that affected our results this quarter, but they largely offset each other.”
Dimon added: “We continued to see favorable credit conditions across our wholesale loan portfolios and strong credit performance in our credit card portfolio, where charge-off rates remain at historic lows. The real estate portfolios, while at elevated levels of losses, continued to show improvement as the housing market and economy continued to recover. As a result, we reduced the related allowance for credit losses by $700 million in the fourth quarter and we are likely to continue to see reductions in the allowance as the environment improves.”