JPMorgan beats earnings expectations after accounting for $2.4 billion hit from tax reform (JPM)
|01/12/2018||Posted by BusinessMediaguide.Com under General World News||
JPMorgan Chase released the results from its fourth quarter Friday, beating analyst earnings expectations on an adjusted basis with $1.76 a share.
Wall Street analysts had been expecting $1.69 a share.
“2017 was a record year on many measures for JPMorgan Chase as we added clients and customers and delivered record EPS. We had healthy growth in Treasury Services, Securities Services and Investment Banking – we were #1 in IB fees globally, a record for the firm,” Dimon said in a statement. “Commercial Banking and Asset & Wealth Management generated record revenue and net income.”
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