Why Is JPMorgan Chase Down Following Earnings? Here Are 4 Things Investors Need to Know. [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Yahoo! Finance
U.S., JPMorgan Chase (NYSE: JPM) . The bank beat analysts' top- and bottom-line estimates on several metrics. Despite this, the stock price dropped by 6.5% on the Friday following its morning earnings call. Here are four things investors need to know about JPMorgan's earnings report. 1. Net interest income guidance disappointed In the first quarter, JPMorgan Chase posted solid earnings, with around $42 billion in revenue and $13.4 billion in net income, which grew 9% and 6% from last year, respectively. The bank's Q1 net interest income (NII), or the difference between its revenue on interest-earning assets minus the expenses on its interest-bearing liabilities, increased 11% from last year but declined 4% compared to the fourth quarter. The bank's NII fell quarter over quarter due to margin compression and lower deposit balances. JPMorgan Chase CEO Jamie Dimon said, "Looking ahead, we expect normalization to continue for both NII and credit costs." The bank guided for $90 b
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JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 4/29/24 - Form 424B2
- 4/29/24 - Form 424B2
- 4/29/24 - Form 424B2
- JPM's page on the SEC website