Sleeping Beauty

    • Sleeping BeautySleeping Beauty
      ·04-15
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      Wall Street sells JPM! Profits? Who Cares!

      @JC888
      $JPMorgan Chase(JPM)$ A very strange phenomena happened on Fri, 12 April 2024. US banking giant JP Morgan kick started Financial services sector companies’ Quarter earnings season. Q1 2024 Earnings. It posted profit & revenue that topped Wall Street estimates. Credit costs and trading revenue came in better than expected. Results, along with estimates from analysts surveyed by LSEG (Refinitiv): - Earnings: $4.44 per share, vs. $4.11 expected. Exceeding by +8.03%. - Revenue: $42.55 Billion, vs. $41.85 billion expected. YoY Comparison. Q1 2024 profit rose +6% to $13.42 billion or EPS of $4.44; boosted (of course) by its takeover of $First Republic Bank(FRC)$
      Wall Street sells JPM! Profits? Who Cares!
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