Largest Bank is JP Morgan 🏦 / Balancing the Books: Unveiling the Assets and Liabilities of US Banks / JP모건 주식

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JP Morgan's Revenue Breakdown.🏦

JPMorgan is a global financial services holding company and the largest U.S. bank by assets. The company provides services including consumer banking, investment banking, commercial banking, and asset management for individuals, corporations, institutions, and governments globally.

JPMorgan's Consumer & Community Banking segment provides a variety of services to consumers and businesses including deposit and investment products, cash management, payment solutions, mortgage origination and servicing, credit-card issuance, and auto loans.

JPMorgan's Corporate & Investment Bank segment provides investment banking, market-making, prime brokerage, and treasury and securities products and services to corporations, investors, financial institutions, and governments.

JPMorgan's Commercial Banking segment offers comprehensive financial solutions, including lending, payments, investment banking, and asset management products to clients including small businesses, midsized and large corporations, and local governments.

JPMorgan's Asset & Wealth Management segment provides services across all asset classes and has $4.3 trillion in client assets. The segment also provides retirement products and services, as well as brokerage and banking.

Largest Banks in 2023.🏦

The financial or banking sector plays a vital role in providing financial services to consumers, including retail banks, insurance companies, and investment services firms.

The robustness of this sector holds significant importance for the overall well-being of the economy. A strong financial sector contributes to a healthy economy, while a weak one can lead to economic downturns akin to the Great Depression.

Furthermore, many stocks within this sector offer dividends, which are often seen as an encouraging indicator of a company's quality by value investors.

A substantial dividend history not only signifies a successful track record but also suggests that the company has a longstanding tradition of sharing profits with its investors.

🏦 Yesterday, JPMorgan Chase released its fourth-quarter 2023 earnings results.

The Numbers:

Earnings: 🔴 $3.04 Misses $3.32 Est.
Revenue: 🟢 $39.94B Beats $39.78B Est.

Analyst estimates from LSEG.

The Quarter & Guidance:

The company achieved a record $49.6B in annual net income in 2023, outperforming rivals despite a challenging year for the banking industry.

However, even JPMorgan faced difficulties in the fourth quarter, with profits dipping 15% due to a special FDIC assessment and overall banking sector turbulence.

In 2023, JPMorgan’s net interest income soared to $24.05B due to higher lending rates, with margins rising to 2.81% in Q4.

Despite economic uncertainties, the bank’s acquisition of First Republic boosted revenues, especially in home lending, while consumers increasingly relied on credit cards.

Since 2019, Chinese banks have held the top four spots on Brand Finance’s Banking 500—an annual ranking of the most valuable bank brands 🏦⁠
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Brand value in this context is a measure of the “value of the trade mark and associated marketing IP within the branded business”. In other words, it measures the value of intangible marketing assets, and not the overall worth of the business itself.⁠
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We’ve visualized the Banking 500’s top 10 brands since 2019 to show how the ranking has evolved (or stayed the same). ⁠

Balancing the Books: Unveiling the Assets and Liabilities of US Banks

Assets:

1. Loans and Advances: US banks extend loans to individuals and businesses, such as mortgages, personal loans, and commercial loans. These loans generate interest income for the banks and are a significant portion of their assets.
2. Securities: Banks often hold various types of securities, such as government bonds and corporate bonds. These securities provide investment returns and liquidity options for the banks.

Liabilities:

1. Deposits: Customer deposits are a primary liability for US banks. This includes funds held in checking accounts, savings accounts, and certificates of deposit (CDs). Deposits provide a stable source of funding for banks’ lending and investment activities.
2. Borrowings: Banks may borrow funds from other banks, financial institutions, or through issuing bonds and other debt instruments. Borrowings provide additional liquidity to banks and can be used for various purposes, including meeting short-term funding needs or expanding lending activities.
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