Apr 12, 2024 / 12:30PM GMT
Operator
Good morning, ladies and gentlemen. Welcome to JPMorgan Chase's First Quarter 2024 Earnings Call. This call is being recorded. (Operator Instructions) We will now go live to the presentation. Please stand by.
At this time, I would like to turn the call over to JPMorgan Chase's Chairman and CEO, Jamie Dimon; and Chief Financial Officer, Jeremy Barnum. Mr. Barnum, please go ahead.
Jeremy Barnum - JPMorgan Chase & Co. - Executive VP & CFO
Thank you very much, and good morning, everyone. The presentation is available on our website, and please refer to the disclaimer in the back.
Starting on Page 1. The firm reported net income of $13.4 billion, EPS of $4.44 on revenue of $42.5 billion and delivered an ROTCE of 21%. These results included a $725 million increase to the special assessment resulting from the FDIC's updated estimate of expected losses from the closures of Silicon Valley Bank and Signature Bank.
Touching on a couple of highlights. Firm-wide IB fees were up 18% year-on-year, reflecting particular strength in
Q1 2024 JPMorgan Chase & Co Earnings Call Transcript
Apr 13, 2024
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