fbpx

JP Morgan – 1Q Earnings

NYSE:JPM is under Algo Engine buy conditions and is a current holding in  our Dow 30 model portfolio.

JPM reported March quarter earnings with revenue up 5% to $29.9b and profit also up 5% to $9.18bn.

You're not a member!  Trial today

Growth was most evident in the group’s retail lending business, where profit surged 19 percent to $3.96bn.

Investment banking and asset management divisions were weaker.

Overall, J.P. Morgan’s results show the firm is still benefiting from the Fed’s four rate hikes last year. It remains our preferred US bank stock with strong buying support near the $105 level.

 

 

 

Investor Signals Pty Ltd ABN 44 143 555 453 is a Corporate Authorised Representative CAR No. 439411 of Advisor Plus Pty Ltd AFSL 474520
© 2024 Investor Signals

Send our ASX Research to your Inbox

Or start a free thirty day trial for our full service, which includes our ASX Research.