JPMorgan’s 4Q earnings smash Wall Street’s targets
01/14/2020 General World News
jamie dimon

  • JPMorgan Chase reported fourth-quarter earnings Tuesday that beat analysts’ revenue and profit expectations, reflecting strong gains in its corporate and investment bank and asset and wealth management divisions.
  • The bank’s shares climbed 1.9% in premarket trading.
  • View Business Insider’s homepage for more stories.

JPMorgan Chase posted $2.57 in fourth-quarter earnings per share, outpacing the $2.36 figure that Wall Street analysts surveyed by Bloomberg were expecting as corporate and investment bank revenues jumped 31%, and wealth and asset management revenue climbed 8%.

The bank’s shares climbed 1.9% in premarket trading as investors cheered the outperformance and positive outlook by CEO Jamie Dimon.

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Source:: BusinessInsider.Com

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