bolstered by a 79% surge in trading revenue. The bank posted earnings of $4.69 billion, or $1.38 a share, exceeding the $1.04 per share estimate of analysts surveyed by Refinitiv. Revenue of $33 billion exceeded the $30.3 billion estimate. Shares of Goldman Sachs, Morgan Stanley and Bank of America climbed at least 1% each in premarket following JPMorgan's strong trading results.
—The market is set to open Tuesday's session in the green as traders digest corporate earnings from big U.S. banks. Futures on the Dow Jones Industrial Average jumped about 140 points, indicating an opening gain of 150 points. S&P 500 and Nasdaq 100 futures rose 0.3% and 0.1%, respectively. The S&P 500 will attempt to erase 2020 losses on Tuesday after briefly turning green in Monday's roller-coaster session. The equity benchmark is now down 2.3% on the year after losing 0.
SELL!
You guys seem sad about this again
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Source: CNBC - 🏆 12. / 72 Read more »
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