JPMorgan: beats consensus in Q1
(CercleFinance.com) - JPMorgan Chase has reported Q1 2018 net income that is up 35% at 8.
7 billion dollars, or 2.37 dollars per share, meaning EPS that is 12 cents above the consensus.
Its revenues increased by 10% to 28.5 billion dollars, in particular thanks to higher interest rates and loan growth, while its non-interest expenses rose by 5% and its provisions for credit losses decreased by 11%.
Chairman and CEO Jamie Dimon said: “we remain optimistic about the positive impact of tax reform in the U.S. as business sentiment remains upbeat, and consumers benefit from job and wage growth.”
Copyright (c) 2018 CercleFinance.com. All rights reserved.
7 billion dollars, or 2.37 dollars per share, meaning EPS that is 12 cents above the consensus.
Its revenues increased by 10% to 28.5 billion dollars, in particular thanks to higher interest rates and loan growth, while its non-interest expenses rose by 5% and its provisions for credit losses decreased by 11%.
Chairman and CEO Jamie Dimon said: “we remain optimistic about the positive impact of tax reform in the U.S. as business sentiment remains upbeat, and consumers benefit from job and wage growth.”
Copyright (c) 2018 CercleFinance.com. All rights reserved.