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Wealth, Asset Management Net Income Rises At JP Morgan

Editorial Staff

27 January 2024

The asset and wealth management arm of amidst a state-brokered rescue of the latter firm. For the group as a whole, net income rose to $13.15 billion in Q3 from $9.737 billion a year before. Reported net revenue rose to $39.874 billion from $32.72 billion, it said. Net income attributable to First Republic was $1.1 billion in the quarter.

At the end of September, JP Morgan said it had a Common Equity Tier 1 capital ratio of 14.3 per cent on an advanced basis. Return on equity was 18 per cent.