JPMorgan Q4 Earnings Blow Past Expectations on Strong Consumer, Markets

JPMorgan Chase's (NYSE:JPM) earnings blew past expectations in the final quarter of 2019, rising 30% from a year earlier to $2.57 a share, a full 10% above consensus forecasts. Revenue likewise far exceeded expectations, rising 9% on the year to $29.21 billion. Analysts polled by Investing.com had anticipated EPS of $2.35 on revenue of $27.87 billion. The results were helped by an 8% increase in consumer loans, reflecting the sustained strength of U.S. spending. “The U.S. consumer continues to be in a strong position and we see the benefits of this across our consumer businesses,” chairman and CEO Jamie Dimon said in a statement. The bank’s corporate and investment bank also chipped in handily, with total markets revenue rising 56% on the year to $5.0 billion.

Spotlight

As your restaurant or franchise navigates current challenges, you start finding that your old accounting system which worked fine in the past starts holding you back. Manual processes and lack of visibility into your locations as well as across the entire business hinders strategic decisions. Viewing COGS in this way can indicat


Other News

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Dom Nicastro | April 03, 2020

Read More

Spotlight

As your restaurant or franchise navigates current challenges, you start finding that your old accounting system which worked fine in the past starts holding you back. Manual processes and lack of visibility into your locations as well as across the entire business hinders strategic decisions. Viewing COGS in this way can indicat

Resources