JPMorgan's premarket shares decreased by 0.5% despite beating Wall Street earnings expectations. Revenue reached $45.7 billion, above the forecast of $44.44 billion, while adjusted earnings per share were $5.24, down 17% year-over-year. The company anticipates continued economic resilience but faces risks from tariffs and geopolitical issues. Revenue from various segments showed significant year-over-year increases, notably in Consumer & Community Banking, Commercial & Investment Banking, and Asset & Wealth Management, while Corporate Revenue suffered an 85% decline. CEO Jamie Dimon highlighted strong results despite facing market volatility.
We reported another quarter of strong results, generating net income of $15.0 billion or net income of $14.2 billion excluding a significant item. Each of the lines of business performed well.
Revenue came in above estimates while earnings of $5.24 were also above estimates provided to S&P Capital IQ. Comparisons to last year are difficult as the company reported a large gain on corporate tax benefit of $774 million.
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