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Stock impact report

Brazilian digital bank C6 records first ever quarterly profit [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
“The first quarterly profit in our history is the concrete result of the model in which we have always believed. This consists of generating growing revenues and maintaining stable costs and controlled PDD. It is this way of operating that guaranteed us the positive result now. And that makes us optimistic about the coming quarters”, said Marcelo Kalim, CEO of C6 Bank. Lending up 36% y-o-y, loans default rate falls to 3.2% Lending rises by 36% y-o-y to BRL46.3bn. The bank says that its credit strategy is focusses on loans backed by collateral. Another positive metric is a fall in default rates. The percentage of loans that were 90 days or more delinquent fell from 3.4% in the previous quarter to 3.2%. The year ago quarter comparison was 4.7%. “C6's results are a reflection of its innovative products that delight customers and disciplined management of the business,” adds Sanoke Viswanathan, head of strategy and growth at JPMorgan Chase and chief executive of international retai Show less Read more
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