JPMorgan Chase's (JPM) total net revenue for 2024 reached $177.6 billion, marking a significant increase of 12.3% compared to $158.1 billion in 2023. This growth was driven by both higher net interest income and noninterest revenue. Net interest income rose to $92.6 billion, up 3.7% from $89.3 billion in 2023, while noninterest revenue surged by 23.4% to $85.0 billion, reflecting strong performance across various business lines.

Net income for 2024 was $58.5 billion, a 18% increase from $49.6 billion in 2023. This growth was supported by higher pre-provision profit, which rose to $85.8 billion, up 21% year-over-year, and a relatively stable provision for credit losses of $10.7 billion compared to $9.3 billion in 2023.

The firm's return on common equity (ROE) improved to 18% in 2024, up from 17% in 2023, reflecting enhanced profitability. Similarly, the return on tangible common equity (ROTCE) increased to 22% from 21% in the prior year, driven by strong earnings growth and efficient capital utilization.

JPMorgan Chase's liquidity position remained robust, with an average Liquidity Coverage Ratio (LCR) of 113% for the firm and 124% for JPMorgan Chase Bank, N.A. These ratios indicate a strong ability to meet short-term liquidity needs, supported by high-quality liquid assets (HQLA) totaling $861 billion as of December 31, 2024.

The firm's total assets increased to $4.0 trillion as of December 31, 2024, up 3.3% from $3.88 trillion in 2023. This growth was driven by higher trading assets, which rose to $637.8 billion, and an increase in investment securities to $681.3 billion, reflecting strategic balance sheet management.

JPMorgan Chase's Consumer & Community Banking (CCB) segment reported net revenue of $71.5 billion in 2024, a modest 2% increase from $70.1 billion in 2023. However, net income for the segment declined by 17% to $17.6 billion, primarily due to higher provisions for credit losses, which rose to $10.0 billion from $6.9 billion in the prior year.

The Commercial & Investment Bank (CIB) segment achieved a return on equity (ROE) of 18% in 2024, up from 14% in 2023. This improvement was driven by a 37% increase in investment banking fees and a 7% rise in markets revenue, with Fixed Income Markets up 5% and Equity Markets up 13%.

Asset & Wealth Management (AWM) segment delivered strong results, with assets under management (AUM) reaching $4.0 trillion, an 18% increase from 2023. The segment's net revenue grew by 9% to $21.6 billion, supported by higher asset management fees and strong net inflows. Net income for AWM rose by 4% to $5.4 billion.

The firm's capital position remained strong, with a Common Equity Tier 1 (CET1) capital ratio of 15.7% as of December 31, 2024, up from 15.0% in 2023. This improvement reflects robust earnings retention and disciplined capital management.

JPMorgan Chase repurchased 91.7 million shares of common stock in 2024 at an average price of $205.43 per share, totaling $18.8 billion. This reflects the firm's commitment to returning capital to shareholders while maintaining a strong capital position.