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home / news releases / JPM - JPMorgan/Citigroup Earnings Summaries: The Banking System Is In Pretty Good Shape

JPM - JPMorgan/Citigroup Earnings Summaries: The Banking System Is In Pretty Good Shape

JP Morgan Chase & Co.

2024-04-16 20:20:00 ET

Summary

  • JPMorgan fell hard after their Q1 ’24 earnings release, which was probably more of a function of the rally the stock has seen since its $100 low in late 2022.
  • Citi traded better after Friday’s earnings release, but the bank is still stuck with the typical problems.
  • With JPMorgan, you get a great operator, but the bank is valued that way, and with Citi you get a lot of lingering issues, and at 0.60x book value and 0.67x tangible book value, it too is valued that way.

JPMorgan ( JPM ) and Citigroup ( C ) both reported their calendar Q1 ’24 financial results last week, on Friday, April 12th, 2024....

For further details see:

JPMorgan/Citigroup Earnings Summaries: The Banking System Is In Pretty Good Shape
Stock Information
Company Name: JP Morgan Chase & Co.
Stock Symbol: JPM
Market: NYSE
Website: jpmorganchase.com
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