- EPS $1.19 vs $1.32 exp
- Revenue $23.6bn vs $23.98bn exp. Income $4.9bn
- Says Q$ included a significant $990m legal expense
- Fixed income rev -23% y/y
- Investor services rev +38% y/y
- Equity rev +25% y/y
- Mortgage banking -$255m y/y
- Assets under management +9% to $1.7tn
- Quarterly average total deposits +8% y/y +1% q/q
Jamie Dimon says that the businesses continue to to demonstrate strong momentum and expense discipline and that they are well positioned going into 2015 for long term growth and success.
IF JPM can stop getting hit with monstrous legal bills they might have better numbers. It also smells like cost cutting is still a big feature. Given that bank have come off of a very sticky patch I’d want to hear more about expansion plans than consolidation plans.
