CAPEX.com
CAPEX.com

Article Hero

JP Morgan beat estimates in Q4

1610725303.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
15 January 2021
The bank closed the final quarter of 2020 on a high note

One of the largest American banks, JP Morgan Chase, surprised analysts’ when it posted its Q4 2020 earnings.

In the past quarter, JP Morgan had an EPS of $3.79 on revenues of $30.16 billion. It beat the consensus for both, as the market was looking for a $2.62 per share estimate and $28.7 billion, respectively.

As for the future, the bank will continue its stock repurchasing program, forecasting for Q1 2021 $4.5 billion worth of stocks to be bought back.

Even though it showed resilience during the pandemic and delivered higher-than-expected results, JP Morgan stock price fell 1.6%. In 2020, its share price lost 8.7%.

Sources: cnbc.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.