Categories AlphaGraphs, Earnings, Finance, LATEST

JPM Earnings: All you need to know about JPMorgan Chase’s Q1 2022 results

Banking giant JPMorgan Chase & Co. (NYSE: JPM) reported lower net profit and revenues for the first quarter of 2022. The bottom line also missed analysts’ estimates. The company’s stock dropped in pre-market trading on Wednesday soon after the announcement, after closing the previous session lower.

JPMorgan Chase Q1 2022 earnings infographic

First-quarter net income dropped sharply to $8.28 billion or $2.63 per share from $14.3 billion or $4.5 per share in the corresponding period of last year. The market was looking for a slightly bigger amount for the latest quarter.

The weak bottom-line performance reflects a 5% decrease in net revenues to $30.7 billion, which also fell short of expectations.


Check this space to read management/analysts’ comments on JPMorgan’s Q1 2022 results


“Our focus this quarter remained on helping our clients navigate difficult markets and unpredictable events, which included working with governments to implement economic sanctions of unprecedented complexity. While our company will continue to deal with this global turmoil, our hearts go out to the extreme suffering of the Ukrainian people and to all of those affected by the war,” said Jamie Dimon, chief executive officer of JP Morgan.

Prior Performance

_________________________________________________________________________________________________________________

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

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

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