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JPMorgan Q2 Earnings Beat Estimates

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JPMorgan Q2 Earnings Beat Estimates

JPMorgan Chase (NYSE: JPM) shares are trading lower despite reporting positive second-quarter earnings.

JPMorgan reported earnings of $2.82 per share, which beat the analyst consensus estimate of $2.52. The bank reported revenue of $29.57 billion, which beat the $28.9 billion estimate and represented a 4% increase from a year earlier.

JPMorgan Chase reported fixed income markets revenue was down 3% and equity markets revenue was $1.7 billion, down 12%.

The stock was trading lower by 1.6% at $112.05 in Tuesday's pre-market session.

Related Links:

Citigroup Trades Higher On Q2 Earnings Beat

Fed Stress Test: 2019 Capital Plan Results Boost Financial Stocks

JPMorgan Chase CEO Jamie Dimon speaks at the Charles H. Wright Museum of African American History in Detroit on June 26. Photo by Dustin Blitchok.

Posted-In: Earnings News Best of Benzinga

 

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