Form 8-K JPMORGAN CHASE & CO For: Jan 14

Go back to Form 8-K JPMORGAN CHASE & CO For: Jan 14

JPMorgan (JPM) Tops Q4 EPS by 22c, Offers Q1 Guidance

January 14, 2020 6:48 AM EST

(Updated - January 14, 2020 6:55 AM EST)

JPMorgan (NYSE: JPM) reported Q4 EPS of $2.57, $0.22 better than the analyst estimate of $2.35. Revenue for the quarter came in at $28.3 billion versus the consensus estimate of $27.96 billion.

Reported revenue of $28.3 billion; managed revenue of $29.2 billion1ROE of 14%; ROTCE1 of 17%Average total loans down 1%, or up 3% excluding the impact of loan sales in Home Lending

Guidance from slides:

Expect 1Q20 NII to be ~$14B, market dependentExpect 1Q20 adjusted expense to be ~$17B1Q20 effective tax rate is estimated to be ~17%... More