NEW YORK–(BUSINESS WIRE)–JPMorgan Chase & Co. (NYSE: JPM) (JPMorgan Chase & Co. (NYSE: JPM) or the Firm) evaluations the Federal Reserve’s 2024 stress check outcomes, particularly the Federal Reserve’s different complete revenue forecast (OCI). Based mostly on the corporate’s personal evaluation, OCI’s positive factors seem like too nice. If the corporate’s evaluation is right, the ensuing strain losses might be barely greater than these disclosed by the Fed.
The corporate reported a normalized widespread fairness tier 1 (CET1) capital ratio of 15.0% as of March 31, 2024, in contrast with the present regulatory requirement of 11.9%, equal to roughly $54 billion in extra capital.
This press launch incorporates forward-looking statements inside the that means of the Personal Securities Litigation Reform Act of 1995. Precise outcomes might differ from these set forth within the forward-looking statements. Components that might trigger J.P. Morgan’s precise outcomes to vary materially from these described within the forward-looking statements may be present in J.P. Morgan’s Annual Report on Kind 10-Okay for the yr ended December 31, 2023 and its Quarterly Studies for the 12 months ended March 31, 2024. Our quarterly studies on Kind 10-Q as of 2018 are filed with the SEC and can be found on JPMorgan Chase & Co.’s web site (https://jpmorganchaseco.gcs-web.com/financial-information/sec-filings), and the U.S. Securities and Alternate Fee’s web site (www.sec.gov). JPMorgan Chase & Co. doesn’t undertake to replace any forward-looking statements.
JPMorgan Chase & Co. (NYSE: JPM) is a number one monetary providers firm headquartered in the US with operations around the globe. As of March 31, 2024, JPMorgan Chase had $4.1 trillion in property and $337 billion in shareholder fairness. chief. Underneath the JPMorgan Chase and Chase manufacturers, the corporate serves tens of millions of consumers in the US and lots of the world’s most distinguished company, institutional and authorities purchasers. For details about JPMorgan Chase & Co., please go to www.jpmorganchase.com.
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Investor contact data:
Mikael Grubb, 212-270-2479
Media contact data:
Patricia Wexler, patricia.a.wexler@jpmorgan.com
Supply: JPMorgan Chase & Co.
