• 'It seems to be deteriorating a bit': JPMorgan's Dimon says he wouldn't ignore a whole host of geopolitical risks facing markets

    8 days ago - By Business Insider

    JPMorgan CEO Jamie Dimon warned investors about the growing economic and geopolitical risks on Friday during the bank's third quarter earnings.
    Dimon's warning comes at the conclusion of a week when stock and bond markets fell the most in months, without any clear catalyst.
    The list goes on and on.
    Jamie Dimon, the CEO of JPMorgan Chase, took to the company's earnings press release Friday to warn investors about the growing risk of economic and geopolitical uncertainties, ending the first part of his statement with a dire warning that's rare from the everything-is-rosy corporate...
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  • JPMorgan 3Q profits rise 24 percent, helped by lower taxes

    JPMorgan 3Q profits rise 24 percent, helped by lower taxes

    8 days ago - By Chron

    NEW YORK - JPMorgan Chase & Co. says its third-quarter profits rose by 24 percent from a year ago, helped by a lower tax bill and higher interest rates.
    JPMorgan says it earned $8.38 billion in the first quarter, or $2.34 a share, up from $6.73 billion, or $1.76 a share, in the same period a year earlier. The results beat the expectations of analysts, who were looking for JPMorgan to earn $2.26 a share, according to FactSet.
    JPMorgan, the nation's largest bank by assets, continues to benefit greatly from the Republican-passed tax law. Its effective tax rate was 21.6 percent in the quarter...
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  • Here comes JPMorgan earnings

    Here comes JPMorgan earnings

    8 days ago - By Business Insider

    JPMorgan is scheduled to release third-quarter earnings a little before 7am Friday.
    Here's what analysts are expecting:
    Revenue : $27.4 billion
    Expenses: $15.7 billion
    Adjusted net income : $7.67 billion
    Adjusted EPS: $2.26 a share.
    Net interest margin: 2.5%
    What to watch for:
    The outlook for loan growth, with higher interest rates potentially crimping demand for some products like mortgages.
    The final capital markets tally for the third quarter, and management's outlook for the end of the year, which will include the last few days' activity when stock markets tumbled.
    Details on the...
    Read more ...

     

  • Here comes JPMorgan earnings

    Here comes JPMorgan earnings

    8 days ago - By Business Insider

    JPMorgan is scheduled to release third-quarter earnings a little before 7am Friday.
    Here's what analysts are expecting:
    Revenue : $27.4 billion
    Expenses: $15.7 billion
    Adjusted net income : $7.67 billion
    Adjusted EPS: $2.26 a share.
    Net interest margin: 2.5%
    What to watch for:
    The outlook for loan growth, with higher interest rates potentially crimping demand for some products like mortgages.
    The final capital markets tally for the third quarter, and management's outlook for the end of the year, which will include the last few days' activity when stock markets tumbled.
    Details on the...
    Read more ...