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Stock impact report

JPMorgan Chase tops estimates as trading revenue exceeds expectations [MSNBC.com]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: MSNBC.com
In this articlewatch nowVIDEO2:1402:14organ Chase tops estimates as trading revenue exceeds expectationsSquawk BoxpostedHere's what the company reported:The companysaidpre-announcedGoldman SachsCompanywide revenue rose 7% to $46.77 billion as net interest income also rose by 7% to $25.1 billion, roughly matching analyst expectations for NII, according to StreetAccount.Equities trading revenue surged 40% to $2.9 billion, about $350 million more than analysts had expected, as the company cited strength across operations, especially in its business catering to hedge funds. Fixed income trading revenue rose 7% to $5.4 billion, about $110 million more than expected, according to StreetAccount.Investment banking, however, appeared to disappoint, as fees fell 5% to $2.3 billion, roughly $210 million below the StreetAccount estimate.Shares of the bank were roughly flat in premarket trading.Banks have enjoyed a Goldilocks-type environment for the last few quarters, with a rebound in Wall Stree Show less Read more
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