• Bank stocks are mostly flat despite earnings beats (JPM, BAC, C, KEY, WFC, COF, BBT, GS, PNC, STI, MS)

    5 days ago - By Business Insider

    JPMorgan , Wells Fargo , and PNC reported earnings before the bell on Friday.
    Despite beating earnings expectations, bank stocks barely moved on the news.
    To see when all the banks report, view our earnings calendar here .
    The initial wave of big banks released earnings this morning and beat analysts' expectations, but financial sector stocks have been mostly flat in early trading.
    The S&P 500 financials index was up 0.47% in pre-market trading. The KBW Bank Index was up 0.70%.
    JPMorgan was the first of the big banks to report fourth-quarter earnings on Friday, reporting $1.76 adjusted...
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  • JPMorgan beats earnings expectations after accounting for $2.4 billion hit from tax reform

    JPMorgan beats earnings expectations after accounting for $2.4 billion hit from tax reform

    5 days ago - By Chron

    Getty/Win McNamee
    JPMorgan Chase released the results from its fourth quarter Friday, beating analyst earnings expectations on an adjusted basis with $1.76 a share.
    Wall Street analysts had been expecting $1.69 a share.
    “2017 was a record year on many measures for JPMorgan Chase as we added clients and customers and delivered record EPS. We had healthy growth in Treasury Services, Securities Services and Investment Banking - we were 1 in IB fees globally, a record for the firm," CEO Jamie Dimon said in a statement. "Commercial Banking and Asset & Wealth Management generated record revenue...
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  • Here comes JPMorgan

    6 days ago - By Business Insider

    JPMorgan Chase is expected to release the results from its fourth quarter at 7 am Friday.
    JPMorgan is the first of the big banks to report in what is expected to be a unconventional earnings cycle for the industry, mostly on account of the late-arriving tax reform that has caused many banks to book losses on deferred tax assets that declined in value.
    JPMorgan is expected to take a one-time hit of $2 billion in the fourth quarter from the new tax law, equivalent to $0.57 per share.
    Nonetheless, Wall Street analysts are expecting the investment bank to report earnings of $1.69 per...
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