JPMorgan Chase (JPM) kicked off the second quarter earnings season for bulge-bracket backs on Tuesday, reporting better-than-expected earnings results that were bolstered by a strong economy and the release of credit reserves.
Here are the key figures versus estimates, according to Bloomberg:
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Adjusted earnings per share (EPS): $3.78 vs. $3.15 estimate
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Excluding credit reserve releases: $3.03 per share
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Revenue: $31.4 billion vs. $30.06 billion estimate
During the quarter, the largest U.S. bank by…
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