Loading...
Loading...
J.P. Morgan Chase & Co
JPM reported a drop in its first-quarter profit.
J.P. Morgan's quarterly profit declined to $5.38 billion, or $1.31 per share, versus $5.56 billion, or $1.28 per share, in the year-earlier period. Its quarter-end share count fell 4% y/y as it bought back stock. Its revenue climbed 6% to $26.7 billion from $25.2 billion. However, analysts were expecting earnings of $1.16 per share on revenue of $24.4 billion.
J.P. Morgan lifted its quarterly dividend to $0.30 per share versus $0.25 per share and authorized a $15 billion stock buyback program.
JPM shares gained 0.91% to $45.25 in pre-market trading.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in