J.P. Morgan Chase's Jamie Dimon, Chairman and CEO Reports $1 Trillion Merchant Processing Volume
Mr. Jamie Dimon, Chairman & CEO, J.P. Morgan Chase
Intelligent Luxury reports that J.P. Morgan Chase earned $24.3 billion dollars in revenue in 2016 and their expenses were $13.6 billion dollars.
“The U.S. economy may be building momentum. Looking ahead there is opportunity for good, rational and thoughtful policy decisions to be implemented, which would spur growth, create jobs for Americans across the income spectrum and help communities, and we are well-positioned to play our part. Business plays a critical positive role in society, and in collaboration with nonprofits, governments and educational institutions, it can help strengthen our economy and our country. I am extremely proud of our Firm- we earn our stripes every day by doing a great job for clients and communities,” stated Mr. Jamie Dimon, Chairman and CEO in the 4Q earnings press release.
Mr. Jamie Dimon is on the Board of Directors for both Choice Hotels International Inc., Nordstrom Inc., and the Board of the International Rescue Committee. The Board of the International Rescue Committee's concern in December of 2016 was the presidential election planning in the Congo; which may lead to the increase in refugees from the Congo. Mr. Dimon has a master’s degree from the Thunderbird School of Global Management.
Mr. Jamie Dimon is on the Board of Directors for both Choice Hotels International Inc., Nordstrom Inc., and the Board of the International Rescue Committee. The Board of the International Rescue Committee's concern in December of 2016 was the presidential election planning in the Congo; which may lead to the increase in refugees from the Congo. Mr. Dimon has a master’s degree from the Thunderbird School of Global Management.
"Active mobile customers" at J.P. Morgan Chase, the press releases stated, were "26.5 million." Investors in software and products that ease mobile banking may like this increase in mobile banking. I love J.P. Morgan Chase's mobile phone camera cash checking service.
"Card, Commerce Solutions & Auto decreased 220 million dollars," the J.P. Morgan Chase press release read. Does this revelation indicate a decline in auto loans and consumer credit card spending along with e-commerce and commerce entrepreneurship? J.P. Morgan Chase reported auto leases increases; minimizing the decrease in all three categories. Amazon Prime Rewards Visa Signature Card is the new credit card from J.P. Morgan Chase and Amazon. J.P. Morgan Chase bank is the "#1 credit card issuer in the U.S. based on sales volume and loans outstanding," revealed the J.P. Morgan Chase earnings 4Q 2016 press release. 1 trillion merchant transactions may have helped J.P. Morgan Chase earn revenue from businesses who give consumers the luxury to pay with credit or debit cards.
"Credit and debit card revenue increased $30 million (11.2 percent)," U.S. Bank stated in their 3Q results press release. Merchant processing services, U.S. Bank reported, increased, resembling J. P. Morgan Chase reporting an increase in merchant transactions in their 4Q report. U.S. Bank will release their 4Q report on Wednesday, January 18, 2016 at 8:00 a.m. CT. Is the economy improving due to consumer debit card spending or credit card spending based on these quarterly reports?
"Credit and debit card revenue increased $30 million (11.2 percent)," U.S. Bank stated in their 3Q results press release. Merchant processing services, U.S. Bank reported, increased, resembling J. P. Morgan Chase reporting an increase in merchant transactions in their 4Q report. U.S. Bank will release their 4Q report on Wednesday, January 18, 2016 at 8:00 a.m. CT. Is the economy improving due to consumer debit card spending or credit card spending based on these quarterly reports?
J.P. Morgan Chase Credit Earnings
2.4 trillion of credit and capital raised in 2016 for business accounts
2.4 trillion of credit and capital raised in 2016 for business accounts
$265 billion of credit for consumers
$24 billion of credit for U.S. small businesses
$772 billion of credit for corporations
$1.2 trillion of capital raised for corporate clients and non-U.S. government entities
$90 billion of credit and capital raised for nonprofit and U.S. government entities, including states, municipalities, hospitals and universities
