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JP Morgan records US $ 1.7 trillion of credit provided and capital raised

JP Morgan recorded $ 1.7 trillion of provided credit and raised capital in the first half of 2021.

Of that total, they corresponded to:

  • Credit for consumers, 151,000 million.
  • US Small Business Credit, $ 10 billion
  • Capital raised for corporate clients and non-US government entities, $ 879 billion.
  • Credit for corporations, 656,000 million.
  • Credit and capital raised for non-profit entities and the United States government, 32,000 million.

Globally, the company had $ 3.4 trillion in assets and $ 279.4 billion in equity as of December 31, 2020.

The firm is a leader in investment banking, consumer and small business financial services, commercial banking, financial transaction processing, and asset management.

Likewise, under the trademarks J.P. Morgan and Chase, the firm serves millions of clients in the United States and many of the world’s leading corporate, institutional and government clients.

JP Morgan Chase’s main banking subsidiary is JP Morgan Chase Bank, a national banking association with branches in 38 US states and Washington, DC, as of December 31, 2020.

Meanwhile, JPMorgan Chase’s main non-bank subsidiary is JP Morgan Securities LLC, a US stockbroker.

JP Morgan

The company’s banking and non-banking subsidiaries operate domestically, as well as through branches and subsidiaries abroad, representative offices and subsidiary foreign banks.

The firm’s main operating subsidiary outside the United States is J.P. Morgan Securities plc, a UK-based subsidiary of JP Morgan Chase Bank, N.A.

JPMorgan Chase reported net income of $ 11.9 billion for the second quarter of 2021, or $ 3.78 per share, on net income of $ 30.5 billion.

At the same time, its non-interest income was $ 17.7 billion, down 8%, driven by lower income from investment markets (CIB Markets), largely offset by higher investment banking fees at CIB, higher card income and higher management commissions in Asset and Wealth Management.

To conclude, its net interest income was 12.7 billion dollars, 8% less, mainly driven by CIB Markets and lower loans in Card.

 

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