Get to know your offshore companies: JP MORGAN CHASE & CO (NYSE: JPM)

JPMorgan Chase & Co. is one of the largest banks in the world, with a leading banking franchise across its several business units.

The company released its second-quarter earnings report on 13 July 2021. JPM delivered a solid financial performance across all business segments as they generated $31.4bn in revenue over the reporting period, down by 7% (Q2 2020: $33.8bn). Net income increased significantly by 155% to $11.9bn (Q2 2020: $4.7bn). Earnings per share increased by 174% to $3.78 per share (Q2 2020: $2.4 per share).

On 28 June 2021, the company announced that it intends to increase its quarterly dividend to $1 per share, up from 90 cents per share, for the third quarter of 2021. JP Morgan is the largest US bank by assets and offers investors a dividend yield of 2.32%

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