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

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

JPMorgan's (JPM) Dimon: Future Trading Revenues Unlikely to Match Second Quarter - Bloomberg

July 14, 2020 9:45 AM EDT

JPMorgan's (NYSE: JPM) Dimon: Future Trading Revenues Unlikely to Match Second Quarter - Bloomberg

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JPMorgan (JPM) Tops Q2 EPS by 34c; $8.9B Reserve Builds

July 14, 2020 6:48 AM EDT

(Updated - July 14, 2020 6:50 AM EDT)

JPMorgan (NYSE: JPM) reported Q2 EPS of $1.38, $0.34 better than the analyst estimate of $1.04. Revenue for the quarter came in at $33.0 billion versus the consensus estimate of $30.29 billion.

Reported revenue of $33.0 billion; managed revenue of $33.8 billion2Credit costs of $10.5 billion, including reserve builds of $8.9 billionAverage loans up 4%; average deposits up 25%Average deposits up 20%; client investment assets up 9%Average loans down 7%; credit card sales volume6 down 23%Credit costs of $5.8 billion, including reserve builds of $4.6 billion

Jamie... More