JPMorgan (JPM) Tops Q2 EPS by 26c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/22/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
JPMorgan (JPM) posts strong Q2 earnings, tops expectations
July 12, 2024 7:12 AM EDT(Updated - July 12, 2024 9:54 AM EDT)
JPMorgan (NYSE: JPM) reported a robust second quarter, with earnings surpassing analyst expectations, but its stock declined, falling over 2% at the open.
The financial giant announced an EPS of $4.40, which was $0.26 higher than the consensus estimate of $4.14.
The firm's net income stood at $18.1 billion, marking a significant 25% increase, bolstered by a $7.9 billion net gain related to Visa shares and a $1.0 billion donation of Visa shares to pre-fund contributions to the Firms Foundation. Net revenue also experienced a notable rise, up 20% to reach $51.0 billion. Excluding the... More
