Company News: JPMorgan Chase (JPM) quarterly results beat analysts’ expectations

Market news

14 July 2020

Company News: JPMorgan Chase (JPM) quarterly results beat analysts’ expectations

JPMorgan Chase (JPM) reported Q2 FY 2020 earnings of $1.38 per share (versus $2.82 per share in Q2 FY 2019), beating analysts’ consensus estimate of $1.23 per share.

The company’s quarterly revenues amounted to $32.980 bln (+14.7% y/y), beating analysts’ consensus estimate of $30.227 bln.

The company also announced the suspension of repurchases at least through the end of Q3.

JPM rose to $99.86 (+2.26%) in pre-market trading.

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