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
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JP Morgan reports 51% decline in net earnings for Q2 2020
JPMorgan Chase & Company (NYSE: JPM) reported second quarter 2020 earnings results today. 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, […]
“JPMorgan Chase & Company (NYSE: JPM) reported second quarter 2020 earnings results today. 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, […]
· July 14, 2020
JPMorgan Chase & Company (NYSE: JPM) reported second quarter 2020 earnings results today.
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.
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