Company News: JPMorgan's earnings rose but revenue fell

Market news

14 July 2015

Company News: JPMorgan's earnings rose but revenue fell

Company reported Q2 profit of $1.54 per share versus $1.44 consensus. Revenues fell 3.5% year/year to $23.81 bln versus $24.31 bln consensus.

Net revenue on a U.S. GAAP basis totaled $23.8 billion for the second quarter of 2015 versus $24.1 billion for first quarter of 2015 and $24.7 billion for second quarter of 2014. Net revenue Non-GAAP was $24.5 billion, down 3%.

JPM rose to $68.30 (+0.31%). on the premarket.

U.S.: Import Price Index, June -0.1% (forecast 0.1%)

Foreign exchange market. European session: the British pound traded higher against the U.S. dollar on comments by the Bank of England (BoE) Governor Mark Carney

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