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

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to

CrowdStrike: Why this cybersecurity stock is a good investment for 2023

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) has steadily expanded its subscriber base over the years, riding the ever-growing demand for cybersecurity solutions. As digital adoption continues -- which accelerated after the

CRM Results: Salesforce Q3 earnings beat; revenues rise 14%

Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported an increase in third-quarter adjusted earnings, aided by double-digit growth in revenues. The numbers surpassed analysts' predictions. Third-quarter profit,

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