JPM - JPMorgan Analysts Slash Their Forecasts After Q1 Results | Benzinga
JPMorgan Chase & Co. (NYSE: JPM) reported better-than-expected first-quarter earnings on Friday..
Net revenue (managed) of $42.5 billion (+8% Y/Y), beating the consensus of $41.8 billion. Excluding an item resulted in an increase of $550 million (after tax) to reported net income from $13.4 billion to $14.0 billion and an increase of $0.19 per share to reported EPS from $4.44 to $4.63. EPS was $4.44, beating the consensus of $4.15, according to data from Benzinga Pro.
Average loans were up 16%, or up 3%, excluding First Republic; average deposits were up 2%, or flat excluding First Republic.
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