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JP Morgan Q4 Earnings

Shares of JP Morgan reached an all-time high of $112.80 as the firm announced adjusted Q4 EPS of $1.76 versus expectations of $1.69.

Revenue numbers were announced at $25.45 billion against the street’s forecast of $25.15 billion.

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The small gain in revenue was tempered by a 34% decline in its fixed-interest revenue, which was a result of lower market volatility and tighter credit spreads.

The company returned $6.7 billion back to shareholders during Q4 with $4.7 in net share buy-backs.

With the major indexes at elevated levels, Q4 earnings could add some volatility to global equity markets.

Other key banking names reporting this week include CitiBank on Tuesday followed by Goldman Sachs and  BoA on Wednesday.

JP Morgan Chase

 

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