JP Morgan releases Q4 earnings details

Author: Justin Low | Category: News

JP Morgan among the first of the major banks to release their Q4 earnings

  • EPS $1.07; adjusted EPS $1.76
  • Investment banking revenue $1.64bn vs $1.66bn expected
  • FICC sales and trading revenue $2.22bn
  • Equities sales and trading revenue $1.15bn
  • Q4 adjusted revenue $25.45bn vs $25.51bn expected
Fixed income trading revenue fell by 34% against prior year results, and even excluding the impact from the charge from the tax bill, it's still a 27% drop - more than the 19% analysts were expecting.

Shares are about 1.0% lower in pre-market trading.