JPMorgan’s 4Q earnings smash Wall Street’s targets
|01/14/2020||Posted by BusinessMediaguide.Com under General World News||
- JPMorgan Chase reported fourth-quarter earnings Tuesday that beat analysts’ revenue and profit expectations, reflecting strong gains in its corporate and investment bank and asset and wealth management divisions.
- The bank’s shares climbed 1.9% in premarket trading.
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JPMorgan Chase posted $2.57 in fourth-quarter earnings per share, outpacing the $2.36 figure that Wall Street analysts surveyed by Bloomberg were expecting as corporate and investment bank revenues jumped 31%, and wealth and asset management revenue climbed 8%.
The bank’s shares climbed 1.9% in premarket trading as investors cheered the outperformance and positive outlook by CEO Jamie Dimon.
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