Sunday , March 26 2023

JP Morgan does not use profit expectations for the first time in 15 quarters


J.P. For the first time in the 15 quarters, Morgan Chase made a profit for the first time in 15 quarters, which was lower than analysts' expectations, as revenues were lower than expected.

In the fourth quarter of 2018, the Bank generated a share of $ 1.98 per share, lower than the average estimate of $ 2.20 by analysts at Refinitiv. The biggest shortfall came from a New York-based bank with fixed income sales of $ 1.86 billion compared to $ 2.2 billion.

Source link