Tag: JPMorgan Profit

Activity, Investment Banking

JPMorgan beats profit estimates on better-than-expected credit, record trading revenue

January 15, 2021


JPMorgan Chase on Friday beat analysts’ estimates for fourth-quarter profit on record trading results and a boost from releasing money previously set aside for loan losses. The bank posted earnings of $3.79 a share, exceeding the $2.62 per share estimate […]

Activity, Corporate Banking, Trading

JPMorgan shares jump after record trading revenue drives stronger-than-expected second quarter profit

July 14, 2020


JPMorgan Chase on Tuesday reported second-quarter profit that beat analysts’ expectations on record trading revenue bolstered by surging volatility and the Federal Reserve’s unprecedented actions to prop up credit markets. The bank posted earnings of $4.69 billion, or $1.38 a […]

Activity, Trading

JPMorgan shares drop after bank warns borrower defaults could get ‘meaningfully’ worse

April 14, 2020


JPMorgan Chase on Tuesday posted first-quarter profit that was well below analysts’ expectations, although the bank’s revenue held up amid the coronavirus pandemic. The earnings drop was caused by a massive $6.8 billion addition to the bank’s credit reserves. The […]

Activity, Corporate Banking

JPMorgan Third-Quarter Profit Jumps on Tax Cuts as Trading Fees Fall

October 12, 2018

Via: TheStreet

JPMorgan Chase & Co. (JPM) , the largest U.S. bank, said third-quarter profit jumped 24% from a year earlier thanks to President Donald Trump’s tax cuts even as revenue in its juggernaut trading business slowed. Net income rose to $8.38 […]