JPMorgan Beats Earnings Expectations; FICC Revenues Miss
JPMorgan kicked-off the US bank earnings season with strong Q3 results. It reported a net income of $11.7bn, up 24% YoY and an EPS of $3.74/share vs. estimates of $3/share. Profits were helped by a net benefit of $1.5bn from better loan-losses after releasing $2.1bn...
JPMorgan and Goldman Report Strong Earnings
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...
US Banking Majors’ Outlook Revised Up by S&P
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...
