Investing.com - JPMorgan (NYSE:JPM) reported first quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $2.65 on revenue of $29.85B. Analysts polled by Investing.com anticipated EPS of $2.36 on revenue of $28.47B. That compared to EPS of $2.37 on revenue of $28.52B in the same period a year earlier. The company had reported EPS of $1.98 on revenue of $26.8B in the previous quarter.
For the year, JPMorgan shares are up 8.82%, under-performing the Dow 30 which is up 13.38% year to date.
JPMorgan follows other major Financial sector earnings this month
On Friday, PNC Financial reported first quarter EPS of $2.61 on revenue of $4.29B, compared to forecasts of EPS of $2.61 on revenue of $4.27B.
Commerce Bancshares earnings missed analyst's expectations on Thursday, with first quarter EPS of $0.85 on revenue of $324.73M. Investing.com analysts expected EPS of $0.91 on revenue of $335.66M
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