JPM - Why Is JPMorgan Chase Down Following Earnings? Here Are 4 Things Investors Need to Know.
2024-04-16 05:03:00 ET
Several banks in the U.S. kicked off the first-quarter earnings season, with investors paying particular attention to the largest bank in the U.S., JPMorgan Chase (NYSE: JPM) . The bank beat analysts' top- and bottom-line estimates on several metrics. Despite this, the stock price dropped by 6.5% on the Friday following its morning earnings call.
Here are four things investors need to know about JPMorgan's earnings report.
In the first quarter, JPMorgan Chase posted solid earnings, with around $42 billion in revenue and $13.4 billion in net income, which grew 9% and 6% from last year, respectively.
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Why Is JPMorgan Chase Down Following Earnings? Here Are 4 Things Investors Need to Know.