Investing.com - JPMorgan (NYSE:JPM) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
JPMorgan announced earnings per share of $0.78 on revenue of $29.07B. Analysts polled by Investing.com anticipated EPS of $2.28 on revenue of $29.53B. That with comparison to EPS of $2.65 on revenue of $29.85B in the same period a year before.JPMorgan had reported EPS of $2.57 on revenue of $29.21B in the previous quarter.Analysts are expecting EPS of $2.07 and revenue of $28.22B in the upcoming quarter.
JPMorgan shares are down 29% from the beginning of the year and are trading at $98.19 , down-from-52-week-high.They are under-performing the Dow 30 which is down 18.33% year to date.
JPMorgan follows other major Financial sector earnings this month
JPMorgan's report follows an earnings beat by Xp on Tuesday, March 17, 2020, who reported EPS of $0.14 on revenue of $295.53M, compared to forecasts EPS of $0.11 on revenue of $316.43M.
Jefferies Financial had beat expectations on Thursday, March 26, 2020 with first quarter EPS of $0.37 on revenue of $1.39B, compared to forecast for EPS of $0.23 on revenue of $1.05B.
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