JP Morgan Chase
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Financial Results of Major U.S. Banks at the Close of 2024


The U.S. banking sector closed 2024 with outstanding financial results, highlighting a notable increase in earnings for the major entities. These results reflect the strength of the sector in a context of economic growth and a favorable market environment.

JP Morgan Chase

  • Annual Profit: Reached an all-time record of US$58,471 million, consolidating its position as the leader in the sector.
  • Fourth Quarter: Earnings increased by 50%, driven by extraordinary factors and the strength of its global operations.


Citigroup

  • Annual Profit: Recorded $12.682 billion, an increase of 37% over the previous year.
  • Strengths: The improvement is due to efficient management and its ability to adapt to the changing economic environment.


Goldman Sachs

  • Annual Profit: Earned 13,525 million dollars, an increase of 71% year-on-year.
  • Fourth Quarter: Doubled its profits thanks to its solid investment strategy and diversified operations.


Wells Fargo

  • Annual Profit: Reached US$18,606 million, marking a 47% growth compared to 2023.
  • Fourth Quarter: Recorded a 47% increase in profits, highlighting a significant recovery in its activities.


Key Growth Factors
The growth in earnings of these banks is due to several factors:
Positive Economic Environment: A growing economy has boosted financial and lending activity.
Reduced Regulatory Pressure: The reduction of certain restrictions has favored higher profitability.
Diversification of Operations: Strategies focused on investment and global markets have been key.

Outlook for 2025

With moderate inflation and expectations of economic stability, U.S. banks are well positioned to continue to generate positive results. However, the sector will continue to face challenges related to interest rates and competition in the global financial marketplace.

These results highlight not only the resilience of the banking sector, but also its critical role in driving the U.S. economy.
Ion Jauregui – ActivTrades Analyst




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Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.


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