JPMorgan (JPM) Posts Q2 EPS of $1.55
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July 15, 2016 10:50 AM EDT
BMO Capital maintained an Outperform rating on JPMorgan (NYSE: JPM), and cut the price target to $74.00 (from $77.00), following the company's 2Q earnings report. JPM reported EPS of $1.47 beating the consensus estimate of $1.42.
Analyst James Fotheringham commented, "We lower our core EPS forecasts by 1% in... More
July 15, 2016 7:11 AM EDT
Nomura Securities reiterated a Neutral rating on JPMorgan (NYSE: JPM), and cut the price target to $66.00 (from $67.00), following the company's 2Q earnings report. JPM reported EPS of $1.55, primarily driven by better results in CIB. JPM reiterated its guidance for 2016, with management incrementally more constructive on NII.... More
July 14, 2016 6:49 AM EDT
By David Henry and Sweta Singh
(Reuters) - JPMorgan Chase & Co (NYSE: JPM) is lending more and keeping a lid on expenses to combat the scourge of low interest rates, allowing management to stick to financial goals for the year.
JPMorgan, the largest U.S. bank by assets, beat subdued expectations, reporting a 1 percent slide in second-quarter earnings on Thursday, in the face of historically low rates, volatile markets and questions about its future in one of Europe's biggest economies.
Chief Financial Officer Marianne Lake struck a resilient tone when... More
