But if I knew how to manage my portfolio safer and smarter than most hedge fund managers, I could realistically grow my wealth.
What are the expectations for JPMorgan in the next quarter?
JPMorgan’s income from trading operations underperformed. However, equity performed well. The worst performance came from fixed-income trading.
There were many negatives for JPMorgan in the fourth quarter. We’ll look at the two main negative trends. They were a drag on JPMorgan’s performance.
JPMorgan improved its net income and return on equity in the Consumer & Business Banking sub-segment. JPMorgan added nearly 700,000 households.
JPMorgan’s last business segment is Corporate/Private Equity. This business segment derives its revenue from JPMorgan’s private equity and corporate functions.
JPMorgan’s Asset Management segment provides various asset management solutions—like mutual funds, managed accounts, and alternative assets.
In market and investor services, the best performing product was equity markets. Equity markets’ revenue was $1.1 billion. This was a handsome rise of 25% YoY.
JPMorgan Chase’s (JPM) Commercial Banking segment provides conventional banking services to corporate clients. It’s JPMorgan’s third largest business segment.
The Corporate & Investment Bank business segment is JPMorgan Chase’s (JPM) second largest segment—by sales and profits.
The Card, Merchant & Auto sub-segment provides credit card, merchant payment systems, and auto loans to a wide variety of clients.
Mortgage Banking is an important sub-segment in JPMorgan Chase’s Consumer & Community Banking segment. It mainly issues loans for housing and improvements.
There were a number of positives in JPMorgan’s fourth quarter results. The Consumer and Business Banking sub-segment earned a net income of $861 million.
The Consumer & Community Banking segment provides services to retain customers and communities. The fourth quarter wasn’t good for this segment.
JPMorgan Chase’s (JPM) revenue for the quarter was $23.6 billion. This was a fall of 2%—compared to 4Q13. For 4Q14, the net income was $4.9 billion.
JPMorgan Chase & Co. (JPM) is one of the “big four” banks in the US. JPMorgan is a full-service bank. It’s strong across the spectrum of banking services.
Bank of America (BAC) is part of more than 75 ETFs, which together hold about 3.6% of the bank’s total market cap.
Bank of America is strong in terms of operations, geographical reach, and a long history. It can potentially return to its pre-crisis performance level.
The residential mortgage market is expected to show recovery in the coming years, primarily fueled by more relaxed lending standards.
In addition to assessing the credit profile of the borrower, Bank of America ensures that loans aren’t too concentrated by industry, geography, or customer.
Credit card loans account for more than half of Bank of America’s total consumer loan portfolio.
Loans provided by banks are classified broadly into these three categories: residential mortgage loans, consumer loans, and commercial and industrial loans.