JPMorgan announced earnings per share of $0.78 on revenue of $29.07B. Analysts polled by Investing.com anticipated EPS of $2.28 on revenue of $29.53B. That with comparison to EPS of $2.65 on revenue of $29.85B in the same period a year before. JPMorgan had reported EPS of $2.57 on revenue of $29.21B in the previous quarter. Analysts are expecting EPS of $2.07 and revenue of $28.22B in the upcoming quarter.
JPMorgan shares are down 29% from the beginning of the year , still down 30.41% from its 52 week high of $141.10 set on January 2. They are under-performing the Dow 30 which is down 18.33% year to date.
JPMorgan’s report follows an earnings beat by Xp on March 17, who reported EPS of $0.14 on revenue of $295.53M, compared to forecasts EPS of $0.11 on revenue of $316.43M.
Jefferies Financial had beat expectations on March 26 with first quarter EPS of $0.37 on revenue of $1.39B, compared to forecast for EPS of $0.23 on revenue of $1.05B.
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