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Financial News: JPMorgan earnings up, stock down

Financial News:

JPMorgan earnings up, stock down

Morgan Library & Museum, New York

JPMorgan shares fall even after the bank's fourth-quarter profit exceeds expectations. In premarket trading, the bank's stock fell 3%. Talent payouts partially to blame.

Earnings: $3.33 per share, compared to an estimate of $3.01, according to Refinitiv.
Revenue: $30.35 billion, compared to an estimate of $29.9 billion.

JPMorgan reported a $1.8 billion net benefit from releasing reserves for loan losses that never materialized; earnings would have been $2.86 per share without the 47 cent per share boost.

Photo: The Morgan Library & Museum, formerly the Pierpont Morgan Library, is a museum and research library in the Murray Hill neighborhood of Manhattan in New York City. It is situated at 225 Madison Avenue, between 36th Street to the south and 37th Street to the north. Photograph by Mike Peel.

JPM

JPMorgan Chase & Company
Wed, Jun 29, 22 7:00 PM UTC
Price: $115.40
Volume 198309
Tue, Jun 28, 22 (EOD)
Price: $115.82
Volume 11547398

Content ID: 1642163493 Created Friday, January 14, 2022 12:31 PM UTC by Aaron Stipkovich, Updated Tuesday, January 18, 2022 11:15 PM UTC by Aaron Stipkovich.