JPMorgan (JPM) Reports a Q1 Beat on Revenue and Profit Fueled by Release of $5.2 Billion Reserved for Bad Loans; Shares Slightly Down

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Go back to JPMorgan (JPM) Reports a Q1 Beat on Revenue and Profit Fueled by Release of $5.2 Billion Reserved for Bad Loans; Shares Slightly Down

JPMorgan (JPM) Tops Q1 EPS by $1.40, Revenues Beat

April 14, 2021 6:48 AM EDT

JPMorgan (NYSE: JPM) reported Q1 EPS of $4.50, $1.40 better than the analyst estimate of $3.10. Revenue for the quarter came in at $32.3 billion versus the consensus estimate of $30.52 billion.

Reported revenue of $32.3 billion; managed revenue of $33.1 billion2Credit costs net benefit of $4.2 billion included $5.2 billion of net reserve releases and $1.1 billion of net charge-offsAverage loans6 up 1%; average deposits up 36%1.5 trillion of liquidity sources, including HQLA and unencumbered marketable securities7Average deposits up 32%; client investment assets up 44%Average loans6 down 7%; debit and credit card sales volume8 up... More