Just out.JPMorgan EPS came in at 90 cents per share, right as expected.
Revenue appears to have come in a little light. Analysts had expected revenue of at least $23 billion, but instead revenue came in at $22 billion.
Shares are off 2.3% in early pre-market action.
- Fixed Income Markets revenue was $2.5 billion, down 13% (down 9% excluding the impact of DVA)
- Investment banking fees were down 39% to $1.1 billion, consisting of debt underwriting fees of $553 million (down 40%), equity underwriting fees of $169 million (down 65%), and advisory fees of $397 million (down 6%)
- Mortgage loan originations were $38.6 billion, down 24% from the prior year and up 5% from the prior quarter.
We’ll have more to come in a moment.
The full announcement is here.
ORIGINAL POST: The big earnings report of the day: JPMorgan kicks off financial earnings with a release due out at 7:00 AM ET.
Analysts expect earnings of $0.90/share.
We’ll have all the numbers here LIVE right when they come out.