HALISTER: JPMorgan 2Q FICC Sales & Trading Revenue Miss Estimates

JPMorgan 2Q FICC Sales & Trading Revenue Miss Estimates

(Bloomberg) -- JPMorgan reported FICC sales & trading revenue for the second quarter that missed the average analyst estimate.
  • 2Q FICC sales & trading revenue $3.22 billion, estimate $3.25 billion (Bloomberg News)
  • 2Q EPS $1.82
  • 2Q equities sales & trading revenue $1.59 billion, estimate $1.62 billion (Bloomberg News)
    • 2Q investment banking revenue $1.70 billion, estimate $1.65 billion
  • 2Q adjusted revenue $26.41 billion, estimate $25.44 billion (range $25.1 billion to $26.18 billion)
  • 2Q Basel III common equity Tier 1 ratio 12.5%, estimate 12.42% (range 12.25% to 12.6%)
  • 2Q return on equity 12%
  • 2Q net yield on interest-earning assets 2.31%, estimate 2.37%
  • 2Q compensation expenses $7.71 billion, estimate $7.96 billion
  • 2Q provision for credit losses $1.22 billion, estimate $1.33 billion
  • 2Q EPS Has $406m Benefit From Legal Settlement
  • Says 'U.S. Consumer Remains Healthy'
  • JPMorgan; Mkts rev. down Amid Lower Volatility, Client Activity
NOTE:
  • Shares up 0.6% since earnings release to $94.30 on 4,649 shares traded
  • 15 buys, 15 holds, 3 sells before today
  • Call 8:30am (NY time), (866)-541-2724
Statement Statement This story was produced with the assistance of Bloomberg Automation.

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
JPM US (JPMorgan Chase & Co)

People
James Dimon "Jamie" (JPMorgan Chase & Co)
Jason R Scott (JPMorgan Chase & Co)
Jason Scott (JP Morgan Securities Inc)
Joseph Evangelisti (JP Morgan Securities LLC)

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