JPMorgan Chase & Co Q2 2023 Earnings Call Summary - Thomson StreetEvents

JPMorgan Chase & Co Q2 2023 Earnings Call Summary

JPMorgan Chase & Co Q2 2023 Earnings Call Summary - Thomson StreetEvents
JPMorgan Chase & Co Q2 2023 Earnings Call Summary
Published Jul 14, 2023
23 pages (12484 words) — Published Jul 14, 2023
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About This Report

  
Abstract:

Edited Brief of JPM.N earnings conference call or presentation 14-Jul-23 12:30pm GMT

  
Brief Excerpt:

...Company reported net income of $2.4 billion, dividend of $1.05 per share, pretax margin of 32%, net loss of $782 million....

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Co
Ticker
JPM.N
Time
12:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : Jeremy, I'm just laughing to myself because I said to you at Investor Day, "Do you have any more NII rabbits to pull out of the hat?" And I guess you do. So I guess I want to ask a broader question really here. And maybe, Jamie, I'd like to get your thoughts. So you earned 23% ROTCE on 13.8% CET1. And we hear you loud and clear that your more normalized NII generation is not $87 billion. That being said and fully taking into account the potential haircut from Basel III end game, is it possible that your natural ROTCE is maybe above that 17% through-the-cycle rate when rates aren't 0? Because when you first introduced that ROTCE target, we were in a different world from a rate scenario. And everybody's talking about, even if the Fed cuts, the natural sort of bottom in Fed funds is not going to be 0. So any input on that would be great.

Question: Erika Najarian - UBS Investment Bank, Research Division - Analyst : And so my follow-up question there, maybe, Jeremy. Could you remind us what unemployment rate is embedded in your ACL ratio as of the second quarter? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 14, 2023 / 12:30PM, JPM.N - Q2 2023 JPMorgan Chase & Co Earnings Call

Table Of Contents

JPMorgan Chase & Co Q3 2023 Earnings Call Summary – 2023-10-13 – US$ 54.00 – Edited Brief of JPM.N earnings conference call or presentation 13-Oct-23 12:30pm GMT

JPMorgan Chase & Co Q3 2023 Earnings Call Transcript – 2023-10-13 – US$ 54.00 – Edited Transcript of JPM.N earnings conference call or presentation 13-Oct-23 12:30pm GMT

JPMorgan Chase & Co at Barclays Global Financial Services Conference Summary – 2023-09-11 – US$ 54.00 – Preliminary Brief of JPM.N presentation 11-Sep-23 5:00pm GMT

JPMorgan Chase & Co at Barclays Global Financial Services Conference Transcript – 2023-09-11 – US$ 54.00 – Edited Transcript of JPM.N presentation 11-Sep-23 5:00pm GMT

JPMorgan Chase & Co Q2 2023 Earnings Call Transcript – 2023-07-14 – US$ 54.00 – Edited Transcript of JPM.N earnings conference call or presentation 14-Jul-23 12:30pm GMT

JPMorgan Chase & Co at Morgan Stanley US Financials, Payments, and CRE Conference Summary – 2023-06-13 – US$ 54.00 – Edited Brief of JPM.N presentation 13-Jun-23 5:00pm GMT

JPMorgan Chase & Co at Morgan Stanley US Financials, Payments, and CRE Conference Transcript – 2023-06-13 – US$ 54.00 – Edited Transcript of JPM.N presentation 13-Jun-23 5:00pm GMT

Beiersdorf AG Fireside Chat with JPMorgan Transcript – 2023-06-13 – US$ 54.00 – Edited Transcript of JPM.N brokerage analyst conference call 13-Jun-23 10:59am GMT

Insight Enterprises Inc Tech Talk Hosted by JPMorgan Summary – 2023-06-12 – US$ 54.00 – Edited Brief of JPM.N brokerage analyst conference call 12-Jun-23 2:00pm GMT

Insight Enterprises Inc Tech Talk Hosted by JPMorgan Transcript – 2023-06-12 – US$ 54.00 – Edited Transcript of JPM.N brokerage analyst conference call 12-Jun-23 2:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "JPMorgan Chase & Co Q2 2023 Earnings Call Summary" Jul 14, 2023. Alacra Store. May 15, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-JPMorgan-Chase-Co-Earnings-Call-B15205949>
  
APA:
Thomson StreetEvents. (2023). JPMorgan Chase & Co Q2 2023 Earnings Call Summary Jul 14, 2023. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2023-JPMorgan-Chase-Co-Earnings-Call-B15205949>
  
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