JPMorgan Chase: Q2 EPS beats estimates

(CercleFinance.com) - JPMorgan Chase has reported Q2 2020 net income that has been halved (-51%) at 4.
69 billion dollars, or 1.38 dollar per share, while the market expected EPS to be around 30 cents lower.

Revenues rose by 15% to 33.8 billion dollars, thanks to a 33% jump in non-interest income. However, provisions for credit losses jumped to nearly 10.5 billion dollars, compared with 1.15 billion dollars a year ago.

Note the bank's massive loss absorption capacity, with total liquidity resources of 1.5 trillion dollars, in addition to CET1 capital of over 191 billion dollars.


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