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JPMorgan: Q4 earnings

Summary of JPMorgan's earnings for its fourth quarter, following which shares were down 1.7% immediately after results in the pre-market (12.09pm London time).

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

 

Revenue

Earnings per share

Expected

$24.1 billion $1.31

Actual

$23.6 billion $1.45

 

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It was a poor start to bank earnings from JPMorgan. Although it beat headline EPS expectations, a dig through the figures rapidly revealed that fixed income trading had been much weaker, with performance not much improved by the consumer banking and asset management divisions. The conference call was particularly revealing, as CEO Jamie Dimon admitted that it was global competition that worried him, as banks in places like China start to catch up with the US titans. He also noted that the bank was doing its best to avoid further wrongdoing, employing some colourful language in the process. 

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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.