JP Morgan NEWS:
Let’s digress a bit and take an in-depth look at the Financial Activity and Balance Sheet:
First – as of 12/31/22:
- Deposit Growth – down 5%
- Total Liabilities $3.7 trillion on Assets of $3.67 Trillion = net -.8%
- Asset Growth = -2%
- Unrealized LOSS = $9.12 billion
- Loan Growth – Commercial only
- Federal Funds sold – up 20%
Announced (unaudited) – 1st Quarter 2023:
- Credit Card debt up 10%
- Average deposits down 16%
- $1.9 billion in stock repurchases not reflected in comparable EPS
- Increase in Net Revenue 100% due to interest income.
- Credit Card DEBT increased by 700% and included Net Chargeoffs of Bad Debt up 50%
- Corporate Revenue – down compared to 4th quarter 2022
- Asset & Wealth Management – down compared to 4th quarter 2022
- Expense of Credit up 2000%
- Business Banking – down
- Loan origination – down
- Chargeoffs – UP 80 points
Stakeholders like these numbers – but they reflect the economic tailspin of the economy which affects the plebes and peasants – and not the Hedge Funds buying into the madness of the Banking Cartel.