JP Morgan Shares Slide Despite Earnings Beat As Q1 Earnings Season Begins

JP Morgan Shares Slide Despite Earnings Beat As Q1 Earnings Season Begins

During a Q1 that was marked by steadily climbing interest rates and fresh record highs across equity markets, JP Morgan kicked off bank earnings season by beating on its expectations, but not by a wide enough margin to impress investors, who pushed the stock lower in reaction.

Here’s a breakdown of the main numbers via Bloomberg:

  • Adjusted revenue $33.12 billion, +14% y/y, estimate $30.42 billion (range $29.14 billion to $32.79 billion)
  • EPS $4.50 vs. 78c y/y
  • Return on equity +23% vs. +4% y/y
  • Assets under management $2.8 trillion

Readers can find the press release below:

0c611d8e-9be1-431f-a907-9b2d623d4979 by Joseph Adinolfi Jr. on Scribd

Tyler Durden
Wed, 04/14/2021 – 06:54

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