Form 8-K JPMORGAN CHASE & CO For: Apr 13

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Go back to Form 8-K JPMORGAN CHASE & CO For: Apr 13

JPMorgan (JPM) Misses Q1 EPS by 6c

April 13, 2022 6:47 AM EDT

JPMorgan (NYSE: JPM) reported Q1 EPS of $2.63, $0.06 worse than the analyst estimate of $2.69. Revenue for the quarter came in at $30.7 billion versus the consensus estimate of $30.86 billion.

With earnings, JPMorgan (NYSE: JPM) announced that its Board of Directors has authorized a new common equity share repurchase program of $30 billion, effective May 1, 2022.

Jamie Dimon, Chairman and CEO, commented on the financial results: JPMorgan Chase generated a healthy $30 billion of revenue, $8.3 billion of earnings and an ROTCE of 16% in the first quarter after adding $902 million in credit reserves largely due to... More