JPMorgan Beats Helped By Reserve Release, But Dimon Delivers Caveats, Warnings

JPMorgan Beats Helped By Reserve Release, But Dimon Delivers Caveats, Warnings

JPMorgan kicked off earnings season Friday, with Wall Street's five largest banks on track to log $100 billion in trading revenue for the first year in a decade. The largest US bank reported adjusted revenue of $30.16 billion, up 3.3% YoY. That was ahead of estimates. The market was looking for $28.65 billion. The range was $26.42 billion to $29.91 billion. Q4 net income was up 42% to $12.1 billion, or $3.79 per share. That looks like a beat, and it is, but some of it is attributable to a cred
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One thought on “JPMorgan Beats Helped By Reserve Release, But Dimon Delivers Caveats, Warnings

  1. This is what happens when a party that claims we can’t find money for social programs blows through 8T dollars in a year on supporting big business. 10M jobs don’t exist anymore, food bank lines are miles long, people are getting evicted because there is no way for them to earn a living. But hey, look how well the market is doing! How’s the 401(k) that you would have had, if you could find a job that I promised to create but didn’t, doing?

    I don’t want to ever hear ever again “how are we going to pay for it?” from the right . I can’t believe we actually spent 8T dollars in on year and added 4.2T in Federal debt and the majority of Americans are suffering like never before. If anything, what they have done is made their case that their ideologies are bad for Americans and should never be listened to again.

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