JPMorgan Chase (JPM) earnings 2Q 2023


JPMorgan Chase beats analysts’ estimates on higher rates, interest income

JPMorgan Chase reported second-quarter earnings Friday that topped analysts’ expectations, as the company benefited from higher interest rates and better-than-expected bond trading.

Here’s what the company reported:

  • Earnings: $4.37 per share adjusted vs. $4 per share Refinitiv estimate
  • Revenue: $42.4 billion vs. $38.96 billion estimate

Net income surged 67% to $14.5 billion, or $4.75 per share. When excluding the impact of its First Republic acquisition in early May — a $2.7 billion “bargain purchase gain” from the government-brokered takeover, as well as loan reserve builds and securities losses tied to the purchase — earnings were $4.37 per share.

Revenue rose 34% to $42.4 billion as…

Source cnbc.com

0 0 votes
Article Rating

Citigroup C Q2 earnings report 2023

Previous article

East Coast mayors call for more office-to-apartment conversions

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings