JPMorgan Chase & Co. (JPM) came out with quarterly earnings of $4.81 per share, beating the Zacks Consensus Estimate of $4.03 per share. This compares to earnings of $3.97 per share a year ago.
Banks are seeing strong price gains in premarket trading so far, but keep in mind that CPI numbers will release at 8:30 a.m.
Stephen Biggar of Argus Research discusses what will be the key drivers of Q4 results from the big banks.
JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) posted earnings that beat Wall Street expectations to kick off bank earnings season in strong style. The largest US bank by assets reported progress for all its divisions, led by a 49% rise in investment banking fees and record revenues from asset management.
JPMorgan Chase on Wednesday posted record annual profit as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter.
U.S. stock futures advanced on Wednesday following Tuesday's mixed close. Futures of all four major indices rose in premarket trade.
JPMorgan (JPM) has announced new leadership changes as president and chief operating officer (COO) Daniel Pinto plans to step down at the end of 2025. Co-CEO of the commercial and investment bank Jennifer Piepszak will assume the COO role effective immediately, while current co-head of global banking Doug Petno will succeed Piepszak.
JPMorgan Chase (JPM) announced a flurry of executive role changes Tuesday that raised new questions about who could succeed CEO Jamie Dimon in the bank's top job.
J.P. Morgan Chase President and Chief Operating Officer Daniel Pinto is retiring and will be replaced by Jennifer Piepszak, co-CEO of commercial and investment banking. Pinto, who has served the banking giant for 40 years, will relinquish his role June 30 and then retire next year, according to a Tuesday (Jan. 14) press release.
Succession planning is in focus across Wall Street, with JPMorgan at the center as Dimon approaches two decades in the top job.
JPMorgan Chase (JPM) COO, Daniel Pinto, announced he will step down from his long-term position by the end of 2026. Jennifer Piepszak will take charge as COO once Pinto exits.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.