Categories Earnings, Finance

JP Morgan reports 51% decline in net earnings for Q2 2020

JPMorgan Chase & Company (NYSE: JPM) reported second quarter 2020 earnings results today.

JP Morgan reports Q2 2020 earnings results

Net revenue on a reported basis was $33 billion compared to $28.7 billion in the same period a year ago. Net revenue on a managed basis rose 15% to $33.8 billion.

Net income fell 51% to $4.7 billion, or $1.38 per share, driven by reserve builds across the firm.

Related: Weak bank earnings send bearish signal

Past Performance

JPMORGAN CHASE REPORTS FIRST-QUARTER 2020 NET INCOME OF $2.9 BILLION, OR $0.78 PER SHARE
JPMorgan Chase (JPM) surpasses Q3 2019 earnings estimates. Stock advances

_________________________________________________________________________________________________________________

Stocks you may like:

Bank of America (BAC) Stock

Wells Fargo (WFC) Stock

JPMorgan Chase (JPM) Stock

Citigroup (C) Stock

Goldman Sachs (GS) Stock

Morgan Stanley (MS) Stock

_________________________________________________________________________________________________________________

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top