• JPMorgan's Stock Rose on Strong Earnings-Then Fell on Its CEO's Buzzkill Outlook

    7 days ago - By Fortune

    JPMorgan's third-quarter earnings report offered both a bang and a whimper. The whimper echoed louder in the ears of investors.
    The bang: JPMorgan's revenue rose 5.2% to $27.8 billion, beating analyst expectations by $380 million. Earnings came in at $2.34 a share, again beating forecasts by eight cents. For a few glorious moments, investors cheered the prospect of bank earnings doing better than last week's selloff would indicate. JPMorgan's shares popped up 2.5%.
    Then came the whimper. Once investors had a few minutes to digest CEO Jamie Dimon's letter to shareholders , which accompanied...
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  • JPMorgan's Stock Rose on Strong Earnings-Then Fell on Its CEO's Buzzkill Outlook

    7 days ago - By Fortune

    JPMorgan's third-quarter earnings report offered both a bang and a whimper. The whimper echoed louder in the ears of investors.
    The bang: JPMorgan's revenue rose 5.2% to $27.8 billion, beating analyst expectations by $380 million. Earnings came in at $2.34 a share, again beating forecasts by eight cents. For a few glorious moments, investors cheered the prospect of bank earnings doing better than last week's selloff would indicate. JPMorgan's shares popped up 2.5%.
    Then came the whimper. Once investors had a few minutes to digest CEO Jamie Dimon's letter to shareholders , which accompanied...
    Read more ...