Jennifer Tescher’s Post

Summary of JPMorgan Chase's fourth quarter: * The bank reported a profit of $9.31 billion for the quarter, down 15% from the same period last year. * Revenue for the quarter was $38.57 billion, up 12% from the previous year. * The bank reported a record annual profit of $49.6 billion for 2022. * The earnings were impacted by a $2.9 billion fee related to the rescue of regional banks. * Overall, despite the fee, JPMorgan Chase's fourth quarter earnings beat analysts' estimates and the bank reported its best year ever in terms of net income. 💰📈 https://lnkd.in/grC-9YJN

JPM: America's financial behemoth (Source= Chartr) JPMorgan has ballooned into a financial behemoth unlike any other in history over the last 20 years, holding some $2.4 trillion in deposits. At the head of JPM is Jamie Dimon, a 67-year-old New Yorker,steered the company to its best ever financial year, having booked almost $50 billion in profit. That was one of the strongest reports from American banks' earnings season, which has generally seen a healthy set of results. With every passing year, the sheer scale of JPMorgan makes it a compelling place for companies, individuals, and even governments, to store their cash. In fact, as of the latest data, roughly $1 in every $7 of deposits (~14%) is stored at JPMorgan.

Manual data management might be limiting your #treasury team's potential growth. Learn how modern tech is revolutionizing bank connectivity in 2024. Read the full blog here: https://bit.ly/3Rkj8JF

Join us this Wednesday as we discuss results from 2023 and the achievements of our nation's community banks. We'll also look forward to 2024, reviewing historical trends as an indicator of what we can potentially expect, particularly in areas like credit quality. While history may not precisely repeat itself, it will likely rhyme! #bankperformance #icba https://hubs.la/Q02lr9g-0

Join us this Wednesday as we discuss results from 2023 and the achievements of our nation's community banks. We'll also look forward to 2024, reviewing historical trends as an indicator of what we can potentially expect, particularly in areas like credit quality. While history may not precisely repeat itself, it will likely rhyme! #bankperformance #icba https://hubs.la/Q02lrfzF0

Local gig platforms play a vital role in the local labor market, but they face challenges in establishing a viable business model. Online gig work can support inclusion by providing work opportunities for youth, women and low-skilled workers. The gig economy can help governments build digital skills, increase income-earning opportunities, and expand social protection coverage of informal workers. https://lnkd.in/dv8BHKUG

Expect ‘healthy consolidation’ among regional & community banks in the next 2-4 years: Bob Diamond: Bob Diamond, Atlas Merchant Capital CEO and former Barclays CEO, joins ‘Squawk Box’ to discuss the state of big banks, what to make of bank earnings this quarter, future of regional and community banks, and more. #ownersrepresentative #financialinstitution #creditunion #credituniondesign #bank #bankdesign #structurefirst

FDIC just released their latest quarterly banking profile, and we're diving into the details! 💼 Join us as we analyze the trends and uncover what US banks' $515 billion unrealized loss means for the market 🤯 ------ ✅ Join our Discord channel to learn more ▶️ https://lnkd.in/gt6jE6Gz #investmentbanking #wallstreet #financialnews

Done right, #stresstesting the biggest banks for various scenarios that could cause failure is one of the most important regulatory actions to prevent bank failures, crises, contagion, and taxpayer funded bailouts of #WallStreet’s biggest banks. Done wrong, stress tests give false comfort, make crashes and bailouts more likely, and endanger #MainStreet families, businesses, and community banks. Unfortunately, by weakening stress tests in recent years, the Federal Reserve Board (often with other banking regulators) has made the financial system and the economy much more vulnerable to the threats that large banks present. Learn more in our new fact sheet: https://lnkd.in/dywS-pQb

Discover the exceptional growth of three community banks in our latest blog article. Our CEO, Tom Sullivan, delves into the factors fueling their top tier growth rates and how they outperform peers. Interested in assessing your bank's growth against your state and national peers? Click "Free Assessment" at the bottom of the article for an unbiased analysis. #CommunityBanks #AcceleratingGrowth #FreeBankGrowthAssessment