image: REUTERS/Mike Segar

JP Morgan shares rise as first-quarter profit easily tops expectations

April 13, 2018


J.P. Morgan Chase on Friday reported first-quarter earnings that beat on both the top and bottom line, although trading revenue growth remained light.

Here’s what the company reported versus expectations:

— Earnings of $2.37 a share vs. an estimated $2.28 a share from a consensus of analysts polled by Thomson Reuters.

— Revenue of $28.52 billion vs. an estimated $27.68 billion.

Shares rose more than 1 percent in premarket trading Friday. Investors were expecting strong results as the stock closed 2.5 percent higher Thursday and are up 6 percent for the year. The S&P 500 is down 0.36 percent year to date.

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