Q2 Earnings JPMorgan

Earning JPM.NYS

JPM.NYS

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JPMorgan – solid second quarter earnings signal improved health for US financials. This is bullish for upcoming bank earnings results in general. Analysts had generally lowered expectations for bank earnings this quarter due to low global growth. Our outlook on JPM and the major index is for mostly sideways consolidation with solid support at the lower range of the band.

JPMorgan Q2 earnings beat on both top and bottom line at $1.55 a share and on revenue of $25.2 billion.

 

Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks