JPMorgan Chase stock shifts into rally mode after it blasts past earnings and revenue estimates

JPMorgan Chase & Co. stock JPM jumped 6% on Friday after the megabank beat analyst estimates for first-quarter profit and revenue. The U.S.’s largest bank said its first-quarter profit rose to $12.62 billion, or $4.10 a share, from $8.28 billion, or $2.63 a share, in the year-ago quarter. Revenue increased to $38.35 billion from $30.72 billion. JPMorgan beat the earnings estimate of $3.41 a share and surpassed the revenue mark of $36.

10 a share, from $8.28 billion, or $2.63 a share, in the year-ago quarter. Revenue increased to $38.35 billion from $30.72 billion. JPMorgan beat the earnings estimate of $3.41 a share and surpassed the revenue mark of $36.13 billion, according to analyst forecasts compiled by FactSet. “The U.S. economy continues to be on generally healthy footings—consumers are still spending and have strong balance sheets, and businesses are in good shape,” CEO Jamie Dimon said.

but i bet they cut bonuses citing weak growth like the scum bags they are

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expectsThe biggest U.S. bank by assets will be watched closely for clues on how the industry fared after the collapse of Silicon Valley Bank and Signature Bank.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Earnings playbook: Your guide to trading the start of a big reporting season this weekJPMorgan Chase, Wells Fargo and Citigroup are all slated to report Friday, along with health insurance giant UnitedHealth.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Bank earnings preview: What finance pros want to seeAhead of BlackRock, Citigroup, JPMorgan Chase, PNC Financial and Wells Fargo reporting earnings on Friday, finance pros have concerns up and down the balance sheet.
출처: FoxBusiness - 🏆 458. / 53 더 많은 것을 읽으십시오 »