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JP Morgan beat estimates in Q4

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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

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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.