JEF Latest Report

Performance of the Current Report

J.P. Morgan (Ticker: JEF) had a total operating revenue of RMB159.30 billion (approximately USD15.93 billion) as of February 28, 2025. To analyze the year-on-year change in its total operating revenue, it is necessary to compare the data from 2024 to determine the company's performance growth or decline.

Key Data from the Financial Report

1. J.P. Morgan's total operating revenue in 2024 was USD3.395 billion, up 46.25% from the previous year's USD2.321 billion [source](http://stock.10jqka.com.cn/usstock/20240710/c659653563.shtml).

2. The company's net profit in 2024 was USD311 million, up 125.41% year-on-year.

3. In 2025, the overall financial industry is expected to have an operating revenue growth rate of approximately -1.5%, while the net profit growth rate is around 1%, indicating pressure on operating revenue [source](https://www.sohu.com/a/849015914_121388342).

4. In 2024, J.P. Morgan's net income from investment banking reached USD3.44 billion, up 52% year-on-year [source](https://www.sec.gov:443/Archives/edgar/data/96223/0001140****5004809/ny20036825x1_def14a.htm).

Peer Comparison

1. Industry-wide analysis: The financial industry in 2025 may be affected by factors such as interest rate hikes and economic recovery, which could lead to revenue growth for most companies. However, if J.P. Morgan's revenue growth exceeds the industry average, it indicates that its market share is increasing.

2. Competitor analysis: If J.P. Morgan's total operating revenue growth exceeds that of its competitors, it can be considered that the company has strong competitiveness in the industry, while a lower growth rate may require attention to the effectiveness of its market strategy.

Summary

J.P. Morgan's total operating revenue in 2025 is expected to be significantly higher than the USD3.395 billion in 2024, indicating that the company is actively expanding its market share and increasing revenue sources. Meanwhile, despite the overall pressure on revenue growth in the financial industry, J.P. Morgan has shown strong growth in specific businesses such as investment banking.

Opportunities

1. An improved market environment may drive revenue growth, reflecting the company's enhanced competitiveness.

2. If the company launches new products or services in 2025, it may directly boost total operating revenue.

3. An increase in customer base or trading volume would help further boost operating revenue.

Risks

1. A decline in the overall operating revenue growth rate of the financial industry may put pressure on the company's overall performance.

2. If J.P. Morgan fails to effectively expand its customer base or attract new customers, it may affect its sustained revenue growth.

3. Changes in interest rates may affect the demand for the company's financial products, and a negative market environment may inhibit revenue growth.