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0 -0.000661959399823503 -0.0011032656663724 -0.00397175639894086 -0.00474404236540151 -0.00518424536628415 -0.00639894086496026 -0.00827449249779347
Stock impact report

Did U.S. Bank Beat Estimates Because Its Loss Reserves Were Too Low? [The Motley Fool]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: The Motley Fool
The common theme of bank results this earnings season is the adoption of thecurrent expected credit loss (CECL) methodologyAt this stage of the COVID-9 pandemic, earnings estimates carry less weight than usual; however, we still have to make sure companies aren't trying to beat the number by gaming the provision for loan losses. It is important to look at the provision as a percent of assets and loans and compare it to the company's competitors. It is also helpful to compare the total allowance for loan losses. This can help an investor feel more comfortable that there aren't more shoes to drop later.Just looking at the headlines,U.S. BancorpNYSE:USBEarnings fallU.S. Bank reported first-quarter earnings of $0.7 a share, which was down 0% from the fourth quarter and 8% from a year ago. Assets increased 0% as businesses took down lines of credit in anticipation of liquidity needs. on assets fell from .% in the fourth quarter to 0.9%. on equity fell from .8% to 9.7%.  Like most banks, Show less Read more
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