posted earnings that exceeded analysts' expectations, aided by an income tax benefit that boosted results by $768 million.
J.P. Morgan said that the presumably one-time tax boost came from the resolution of "certain tax audits" that lifted the company's per share earnings by 23 cents. "With these money-center banks, the yield curve does matter," said Marty Mosby of Vining Sparks, who confirmed on CNBC's "Squawk Box" that net interest income forecast was pressuring J.P. Morgan's stock early Tuesday., when higher interest rates helped it beat profit and revenue expectations.
Drugs
Qué dicen los grandes financieros del país?
Blimey how are you permabull charlatans coping with that perceived anomaly? Are you jumping out of windows yet?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JP Morgan Chase is set to report second-quarter earnings – here's what the Street expectsBank stocks have rebounded in recent months as strong results from lenders' retail businesses helped drive firms including J.P. Morgan to record profits. Earnings beat = stock higher. Earnings miss = stock higher. Easy call cocaine and lots of it unfortunately since Jamie just lost 20 tons of it, street will get disappointment and have to get their rocks from some other crook
Source: CNBC - 🏆 12. / 72 Read more »
This new business from Amazon represents a '$100 billion opportunity,' Morgan Stanley saysAmazon is expanding its empire and Morgan Stanley believes Bezos' ambitious satellite internet plan could become very lucrative. Needed to run the robotics Amazon wants to build and sell to the US government It would cost more than that to implement it. At least 10 years away even if they did. Bogus stock pumping nonsense. Don't work for Bezos, don't buy his products. Don't buy Amazon stocks OR use their services. This man is pure evil. He would kill you for a nickel. Big Brother 2.0 / 1984. Just ask Alexa. She will tell you... ;)
Source: CNBC - 🏆 12. / 72 Read more »