by Amruth Sundarkumar | Jul 14, 2021 | Banks
US banks kicked-off the earnings season with strong results from JPMorgan and Goldman Sachs on Tuesday: JPMorgan reported a net income of $11.9bn in Q2, up over 2.5x YoY from $4.7bn a year earlier. Both EPS and revenues also beat expectations coming in at $3.78/share...
by bondevalue | May 25, 2021 | Credit Ratings
S&P has revised the outlook on various US banking majors including JPMorgan, BofA and Morgan Stanley on the back of improving bank regulatory track record, good financial performance prior to and during the pandemic and better funding. JPMorgan was revised to...
by bondevalue | Apr 16, 2021 | Financial Institution Bonds
JPMorgan Chase & Co. (JPM) sold $13bn worth of bonds on Thursday, the largest ever bond issuance by a bank. JPM capitalized on its best ever quarter with strong Q1 earnings released a day prior and the current low interest rate environment to beef up its balance...
by bondevalue | Apr 15, 2021 | Financial Institution Bonds, Investment Grade Bonds
JPMorgan kicked-off the US financials Q1 earnings season reporting revenues of $32.3bn, up 14% vs. the same period last year. Net income came in at $14.3bn, up 5x YoY predominantly driven by credit reserve releases of $5.2bn compared to credit reserve builds of $6.8bn...
