JPMorgan (JPM) Reports Q1 EPS of $1.65

(Updated - April 13, 2017 6:46 AM EDT)

JPMorgan (NYSE: JPM) reported Q1 EPS of $1.65, may not compare to the analyst estimate of $1.52. Reported revenue was $24.7 billion and managed revenue was $25.6 billion vs the consensus of $24.88 billion.

• Average core loans2 up 9% YoY and 1% QoQ
• Average core loans2 up 11%; average deposits of $623 billion, up 11%
• 27.3 million active mobile customers, up 14%
• Credit card sales volume6 up 15% and Merchant processing volume up 11%
• Record net income and Investment Banking fees for a first quarter of $3.2 billion, up 64% and $1.8 billion, up 37%, respectively
• Maintained #1 ranking for Global Investment Banking fees with 8.5% wallet share in 1Q17
• Record revenue of $2.0 billion, up 12%; record net income of $799 million, up 61%
• Record average loan balances of $191 billion, up 12%
• Record average loan balances of $118 billion, up 7%; record average deposit balances of $159 billion, up 5%
• Record assets under management (“AUM”) of $1.8 trillion, up 10%; 77% of mutual fund AUM ranked in the 1st or 2nd quartile over 5 years

For earnings history and earnings-related data on JPMorgan (JPM) click here.

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