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JPM Stock Down 2%, JPMorgan Reports Better Than Expected Q4 Results

JPM Stock Down 2%, JPMorgan Reports Better Than Expected Q4 Results
Jan 15 2021 · 15:52 UTC | Updated
Jan 15 2021 · 15:56
by Steve Muchoki · 2 min read
Photo: Depositphotos
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JPMorgan recorded a revenue of $30.16 billion in Q4, which exceeded analysts’ estimates of $28.7 billion.
JPMorgan Chase & Company (NYSE: JPM) stock dropped approximately 2% to trade around $138.42 after reporting better than expected Q4 earnings results.
The American multinational investment bank announced on Friday that it recorded earnings per share of $3.79, exceeding analyst expectations of $2.62 according to a survey by Refinitiv. Notably, JPMorgan recorded a revenue of $30.16 billion, which exceeded analysts’ estimates of $28.7 billion.
Speaking during the Q4 announcement, JPMorgan CEO Jamie Dimon noted that two major fundamentals affected the results in the past three months. One, he noted the news of an eff ....

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