Invest Shift 米国株投資ブログ


JPモルガン(JPM)2019Q2決算 好決算もNIIは下方修正


・発表日 2019/7/16 プレマーケット
・売上 $28.83B +3.89% コンセンサス予想より+$307M
GAAP EPS $2.82 +23.1% コンセンサス予想より+$0.33
GAAP net income $9.65B
ROE 16%(2018Q2 14%)
・Net interest income $14.5B +7%
・Noninterest revenue $15B +2%

・決算発表後の株価 終値+1.07%
・2019FYコンセンサス予想PER 115.2/9.95=11.57
・2020FYコンセンサス予想PER 115.2/10.6=10.86


Finally turning to Page 9 and the outlook, on this page I’ll just comment on NII, which should not be surprising given the changes to the rate environment. As you can see, we are updating our 2019 full-year NII outlook to about $57.5 billion. The reduction is based on multiple scenarios which assume, among other things, lower long end rates and up to three rate cuts this year, which is consistent with current market sentiment. As a reminder, this compares to a rate scenario that assumed zero cuts at the time of first quarter earnings.


セグメントは「Consumer and Community Banking(CCB)」「Corporate & Investment Bank(CIB)」「Commercial Banking(CB)」「Asset & Wealth Management(AWM)」です。

Average total loans +2%

Provision for credit lossesは$1.14B -5%


売上 $13.8B +11% 利益 $4.2B +22% ROE 31%(2018Q2 26%)

Average loans 467.2B -1.7%


売上 $9.6B -3% 利益 $2.9B -8% ROE 14%(2018Q2 17%)


売上 $2.2B -5% 利益は$1B -8% ROE 17%(2018Q2 21%)


売上 $3.6B +0% 利益 $719M -5% ROE 27%(2018Q2 33%)

AUM 2.2T +7%



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