What to Expect from JPMorgan Chase After Another Solid Earnings Report
Earnings season has kicked off, with JPMorgan Chase (NYSE: JPM) being one of the first major companies to report earnings this month. Investors eagerly await JPMorgan Chase's earnings because it's the largest bank in the United States, which can give us good insights into how consumers and the broader economy are doing.
During the quarter, JPMorgan beat analysts' estimates on revenue by 2% and on earnings per share (EPS) by nearly 25%. While the bank beat on estimates, much of its profit growth for the quarter could be attributed to improving economic conditions as well as strong mergers and acquisitions (M&A) activity. With that being said, the bank saw modest growth, and discussed how its strong balance sheet could position it well if inflation sticks around for a while longer.
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Source Fool.com
