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JPMorgan shares down pre-market as earnings are just below estimates

  • Regular
  • US Market
  • 1 month ago
  • 25

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