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JPM Profit Slides 8% But Beats Estimates On 48% Surge In Fixed Income Revenue

Friday, October 14, 2016 8:03
% of readers think this story is Fact. Add your two cents. / by Tyler Durden / Oct 14, 2016

JPM’s Q1 trading woes seemed like a distant memory when the largest US bank by assets released its Q3 results some 8 minutes early, and reported a solid beat on both the top and bottom line, with $25.5 billion in non-GAAP revenue ($24.7 billion on an actual basis), well above the $23.93BN expected, and 8% higher than a year ago, resulting in $6.3 billion in net income ($500MM lower than a year ago), and $1.58 in reported EPS (rising by 1 cent if one excludes a legal charge), a solid beat to the $1.39 consensus estimate, if 10 cents below Q3 2015.


The post JPM Profit Slides 8% But Beats Estimates On 48% Surge In Fixed Income Revenue appeared first on Silver For The People.


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