JPMorgan Chase & Co. Announces Increase In Q2 Profit

JPMorgan Chase & Co. (JPM) revealed a profit for its second quarter that climbed from last year.

The company’s bottom line came in at $8.32 billion, or $2.29 per share. This compares with $7.03 billion, or $1.82 per share, in last year’s second quarter.

Analysts had expected the company to earn $2.22 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 6.5% to $28.39 billion from $26.66 billion last year.

JPMorgan Chase & Co. earnings at a glance:

-Earnings (Q2): $8.32 Bln. vs. $7.03 Bln. last year.
-EPS (Q2): $2.29 vs. $1.82 last year.
-Analysts Estimate: $2.22
-Revenue (Q2): $28.39 Bln vs. $26.66 Bln last year.

by RTTNews Staff Writer

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