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JPMorgan Chase: Q2 results exceed expectations

(CercleFinance.com) - JPMorgan Chase has reported Q2 2018 net income that is up 18% at 8.
3 billion dollars, or EPS of 2.29 dollars, seven cents above the consensus.

Revenues increased 6% to 28.4 billion dollars, in particular thanks to higher interest rates and growth in loans, while its non-interest expenses rose by 8% and provisions for credit losses remained stable.

We are seeing solid global economic growth, especially in the US, where household and business confidence is high, said chairman and CEO Jamie Dimon, while warning that global competition is becoming stronger.



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