Bank
J.P. Morgan Chase announces first-quarter 2024 results. Net revenue for the quarter was $41.934 billion, compared to $38.349 billion in the year-ago quarter. Net profit for the quarter was $13.419 billion, compared to $12.622 billion in the same period last year. Net interest income for the quarter was $23.1 billion, up 11% year-over-year.
Bank of America announces first-quarter 2024 results. Total revenue after interest expense for the quarter was $25,818 million, compared to $26,258 million in the year-ago quarter. Among them, net interest income was 14.032 billion US dollars. Net income attributable to common shareholders for the quarter was $6,142 million, compared to $7,656 million in the same period last year.
Citigroup reports first quarter 2024 results. Total revenue after interest expense for the quarter was $21,104 million, compared to $21,447 million in the year-ago quarter. Net income for the quarter was $3,371 million, compared to $4,606 million in the year-ago quarter.
Wells Fargo announces first-quarter 2024 results. Total revenue for the quarter was $20,863 million, compared to $20,729 million in the year-ago quarter. Net income for the quarter was $4,619 million, compared to $4,991 million in the year-ago quarter.
Morgan Stanley announces first-quarter 2024 results. Net revenue for the quarter was $15,136 million, compared to $14,517 million in the year-ago quarter. Net income attributable to the Company for the quarter was $3.412 billion, compared to $2.98 billion in the year-ago quarter. Trading revenue was $5.33 billion, while Wealth generated $6.88 billion.
Goldman Sachs announces financial results for the first quarter of 2024. Quarterly revenue increased 16% year-over-year to $14,213 million, of which net interest income was $1,608 million, down 10% year-over-year. Net profit was US$4.13 billion, up 28% year-on-year. Fixed income trading revenue was $4.32 billion, equity trading revenue was $3.31 billion, investment banking revenue was $2.08 billion, and asset and wealth management revenue was $3.79 billion.
Capital One Financial announces first-quarter 2024 results. Total net revenue for the quarter was $9,402 million, compared to $8,903 million in the year-ago quarter. Net interest income for the quarter was $7,488 million, compared to $7,186 million in the year-ago quarter. Net income attributable to the Company's common shareholders for the quarter was $1.2 billion, compared to $887 million in the year-ago quarter.
U.S. Bancorp reports first-quarter 2024 results. Total net revenue for the quarter was $6,715 million, compared to $7,175 million in the year-ago quarter. Net interest income for the quarter was $3,985 million, compared to $4,634 million in the year-ago quarter. Net income attributable to the Company's common shareholders for the quarter was $1,209 million, compared to $1,592 million in the year-ago quarter.
PNC Financial Services Group announced its first-quarter 2024 results. Quarterly revenue was $5,145 million, compared to $5,603 million in the year-ago quarter. Net income for the quarter was $1,344 million, compared to $1,694 million in the year-ago quarter.
Truist Financial announced its results for the first quarter of 2024. Net revenue for the quarter was $4,798 million, compared to $3,199 million in the year-ago quarter. Net interest income for the quarter was $4,405 million, compared to $4,051 million in the year-ago quarter. Net income attributable to common shareholders for the quarter was $1,282 million, compared to $590 million in the year-ago quarter.
Synchrony Financial announces first quarter 2024 results. Total revenue for the quarter was $4.87 billion, compared to $5.34 billion in the year-ago quarter. Net interest income for the quarter was $3.43 billion, compared to $3.58 billion in the year-ago quarter. Quarterly adjusted net income attributable to common shareholders was $1.22 billion, compared to $1.41 billion in the year-ago quarter.
Charles Schwab Announces First Quarter 2024 Results. Quarterly revenue fell 7.3% year-over-year to $4.74 billion. Quarterly net profit was $1.362 billion, down 15% year-on-year. Attracted $96 billion in core net new assets during the period, bringing total client assets to $9.12 trillion at the end of the quarter.
BNY Mellon announced its first-quarter 2024 results. Total revenue for the quarter was $4,527 million, compared to $4,415 million in the year-ago quarter. Net income attributable to the Company's common shareholders for the quarter was $953 million, compared to $911 million in the year-ago quarter.
STATE STREET ANNOUNCES FIRST-QUARTER 2024 RESULTS. Total revenue for the quarter was $3,138 million, compared to $3,101 million in the year-ago quarter. Net income for the quarter was $463 million, compared to $549 million in the year-ago quarter.
pay
American Express announces first-quarter 2024 results. Quarterly revenue was $15.8 billion, up 11% year-over-year. Net profit reached $2.44 billion, up 34% year-on-year. The company's credit card spending grew 6% to $367 billion.
Visa announced results for the fiscal second quarter ended March 31, 2024. Quarterly net revenue was $8.8 billion, up 10% year-over-year. Quarterly net income was $4.7 billion, up 10% year-over-year.
Mastercard Incorporated announces first-quarter 2024 results. Net revenue for the quarter was $6,348 million, compared to $5,748 million in the year-ago quarter. Net income for the quarter was $3,011 million, compared to $2,361 million in the year-ago quarter.
Discover Financial Services reports first quarter 2024 results. Total revenue, excluding interest expense, was $4.21 billion for the quarter, compared to $3.742 billion in the year-ago quarter. Net interest income for the quarter was $3,487 million, compared to $3,132 million in the year-ago quarter. Net income attributable to common shareholders for the quarter was $274 million, compared to $931 million in the year-ago quarter.
Asset management
BlackRock, the world's largest asset manager, announced its first-quarter 2024 results. Total quarterly revenue increased 11% year-over-year to $4.73 billion. Net income for the quarter was $1.57 billion, up 37% from $1.16 billion in the year-ago quarter. Adjusted net income increased 23% from the year-ago quarter to $1.5 billion. Assets under management (AUM) jumped to a record $10.47 trillion in the first quarter, up 15% year-over-year. Investment advisory and management fees, BlackRock's main source of revenue, jumped nearly 8.8% to $3.63 billion.
Blackstone, the world's largest alternative asset manager, has announced its financial results for the first quarter of 2024. Total revenue for the quarter was $3,688 million, compared to $1,382 million in the year-ago quarter. Net income attributable to the Company for the quarter was $847 million, compared to $85.81 million in the year-ago quarter. Distributable earnings for the quarter reached $1,266 million, up 1% year-over-year. Blackstone's assets under management increased 7.1% from the year-ago quarter to $1.06 trillion.