JPMorgan Trading Lower After Reporting Q4 Earnings

The shares of JPMorgan Chase & Co

are trading lower pre-market after it announced the fourth quarter earnings. The company reported Q4 EPS $0.90 vs $0.90 estimates and revenues $22.2B vs $23.00B estimate. CEO Jamie Dimon commented: "We believe these returns were reasonable given the environment, although the return for the fourth quarter was modestly disappointing. Several significant items affected the Firm's fourth-quarter results, including a $567 million pretax DVA loss which reflected the tightening of the Firm's credit spreads. As we have consistently said, whether positive or negative, we do not consider DVA reflective of the underlying operations of the company.” JPMorgan Chase is currently trading at $35.90 in pre-market, a loss of 0.95 or 2.58%.