JPMorgan shares down pre-market as earnings are just below estimates
- US Market
- 1 month ago
JPMorgan & Chase’s profits, surprisingly, not meet their forecasted figures as pre-market shares dwindled by 1.7%.
This very same time a year ago net income increased to $7.07 billion from $4.23 billion...
Although revenue did increase to $26.80 billion from $25.75 billion it did not make the target figure of $26.84 billion.
Nevertheless, consumer and community banking revenue did increase and book value increased 5% to $70.35.
Overall the stock has shed 5.1% during the last three months.
Source: Smart Trend Team