- 09 Oct '17 at 5:16 pm #12414
[article]257[/article]09 Oct '17 at 7:13 pm #12415Helmholtz WatsonParticipant
I will be watching for Jamie’s comments on the Bitcoin 🙂12 Oct '17 at 4:32 pm #12527
Earnings: EPS of $1.76 on revenue of $26.2 billion beats rise 6% to $1.67, as revenue increases 3% to $25.38 billion according to Zacks Investment Research.
Net interest income rose 10% to $13.1 billion.
Overall trading revenue dropped 16% to $5.5 billion, with fixed income revenue down 27% and equity market revenue down 4%.
Investment banking revenue fell 2%, while lending revenue rose 17%. Consumer and business banking revenue grew 15%.
Drop in trading was better than expected the 16% drop in overall trading revenue, JPMorgan CEO Jamie Dimon warned last month it could fall 20%.12 Oct '17 at 4:33 pm #12528
In a statement Thursday, Dimon upbeat on the retail side. He said the bank leads the U.S. in total deposits, adding that U.S. consumers remain healthy and are seeing solid wage growth.12 Oct '17 at 4:47 pm #12530
$JPM posted 3Q17 results, with return on common equity of 11%, vs 10% a year ago. Return on tangible common equity stayed at 13%. Net interest income was up 10% to $13.1Bil, primarily driven by the net impact of rising rates and loan growth. Lower Markets revenue pulled the noninterest revenue down 4% to $13.1Bil.12 Oct '17 at 5:44 pm #12534Helmholtz WatsonParticipant
Typical bull market manic report IMO – corporate and credit income way up, trading down esp Fixed income
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