Investing.com - JPMorgan (NYSE:JPM) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
JPMorgan announced earnings per share of $2.92 on revenue of $29.94B. Analysts polled by Investing.com anticipated EPS of $2.23 on revenue of $28.22B.
JPMorgan shares are down 26% from the beginning of the year and are trading at $102.44 , down-from-52-week-high.They are under-performing the S&P 500 which is up 9.39% from the start of the year.
JPMorgan follows other major Financial sector earnings this month
JPMorgan's report follows an earnings beat by BlackRock on Tuesday, who reported EPS of $9.22 on revenue of $4.37B, compared to forecasts EPS of $7.73 on revenue of $3.92B.
Jefferies Financial had beat expectations on Wednesday, September 23, 2020 with third quarter EPS of $1.07 on revenue of $1.62B, compared to forecast for EPS of $0.34 on revenue of $1.11B.
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