JPMorgan: beats consensus in Q1
(CercleFinance.com) - JPMorgan Chase has reported Q1 2018 net income that is up 35% at 8.
7 billion dollars, or 2.37 dollars per share, meaning EPS that is 12 cents above the consensus.
Its revenues increased by 10% to 28.5 billion dollars, in particular thanks to higher interest rates and loan growth, while its non-interest expenses rose by 5% and its provisions for credit losses decreased by 11%.
Chairman and CEO Jamie Dimon said: “we remain optimistic about the positive impact of tax reform in the U.S. as business sentiment remains upbeat, and consumers benefit from job and wage growth.”
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