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JPMorgan (JPM) Q2 Earnings Beat Despite Higher Credit Costs
As expected, a significant improvement in trading and mortgage banking businesses drove JPMorgan’s JPM second-quarter 2020 earnings of $1.38 per share. The bottom line surpassed the Zacks Consensus Estimate of $1.34.
The results included provision builds owing to deterioration in the macro-economic backdrop, bridge book markups and gains related to funding spread tightening on derivatives. Excluding these, earnings per share amounted to $3.27.
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https://finance.yahoo.com/news/jpmorgan-...02171.html
![[Bild: JPMc1dl0528.png]](https://finviz.com/publish/071520/JPMc1dl0528.png)
As expected, a significant improvement in trading and mortgage banking businesses drove JPMorgan’s JPM second-quarter 2020 earnings of $1.38 per share. The bottom line surpassed the Zacks Consensus Estimate of $1.34.
The results included provision builds owing to deterioration in the macro-economic backdrop, bridge book markups and gains related to funding spread tightening on derivatives. Excluding these, earnings per share amounted to $3.27.
...
https://finance.yahoo.com/news/jpmorgan-...02171.html
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