Investing.com - JPMorgan (NYSE:JPM) reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $2.57 on revenue of $29.21B. Analysts polled by Investing.com anticipated EPS of $2.35 on revenue of $27.87B. That compared to EPS of $1.98 on revenue of $26.8B in the same period a year earlier. The company had reported EPS of $2.68 on revenue of $30.06B in the previous quarter.
For the year, JPMorgan shares are down 1.58%, under-performing the S&P Global (NYSE:SPGI) 100 which is down 0% year to date.
JPMorgan follows other major Financial sector earnings this month
On Wednesday, January 8, 2020, Jefferies Financial reported fourth quarter EPS of $0.62 on revenue of $1.11B, compared to forecasts of EPS of $0.61 on revenue of $791.1M.
PennyMac Financial earnings beat analyst's expectations on Thursday, October 31, 2019, with third quarter EPS of $1.9 on revenue of $436.35M. Investing.com analysts expected EPS of $1.31 on revenue of $381.01M
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