Comparing the Profitability of JPMorgan and Citigroup



Revenue comparison

In 2Q16, Citigroup’s (C) revenue fell 10% to $17.5 billion. JPMorgan Chase’s (JPM) revenue rose 3% to $25.2 billion. JPMorgan reported profits of $6.2 billion in the most recent quarter.

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Net interest margins

Citigroup’s net interest income fell 5% to $11.2 billion, and its net interest margin rose 9 basis points year-over-year to 2.9%. JPMorgan’s net interest income rose 6% to $11.7 billion, and its net interest margin rose 13 basis points year-over-year to 2.1%. In comparison, Wells Fargo (WFC) and Bank of America (BAC) reported net interest margins of 2.9% and 2.0%, respectively.

Profitability ratios

JPMorgan Chase has long been one of the most profitable big banks in America. It had a 0.99% return on average assets last year and 1.0% in 2Q16. Citigroup had a 0.98% return on average assets in 2Q16 and a return on equity of 7%.


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