JPMorgan Chase: exceeds estimates in Q4
(CercleFinance.com) - JPMorgan Chase has reported Q4 2017 earnings that are down 37% at 4.
2 billion dollars for the fourth quarter of 2017, or 1.07 dollar per share, impacted by a 2.4 billion charge (69 cents per share) relating to tax reform in the United States.
Excluding the extraordinary items related with this reform, the New York bank's EPS reached 1.76 dollar, 13 cents higher than the consensus.
Its revenues increased by 5% to 25.4 billion dollars, particularly thanks to the rise in interest rates and increased loans and deposits, although this failed to offset the increase in non-interest expenses (+5%) and provisions for credit losses (+51%).
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2 billion dollars for the fourth quarter of 2017, or 1.07 dollar per share, impacted by a 2.4 billion charge (69 cents per share) relating to tax reform in the United States.
Excluding the extraordinary items related with this reform, the New York bank's EPS reached 1.76 dollar, 13 cents higher than the consensus.
Its revenues increased by 5% to 25.4 billion dollars, particularly thanks to the rise in interest rates and increased loans and deposits, although this failed to offset the increase in non-interest expenses (+5%) and provisions for credit losses (+51%).
Copyright (c) 2018 CercleFinance.com. All rights reserved.