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JPMorgan results trump estimates as election stimulates trading
January 13, 2017 by admin · Leave a Comment
(Reuters) – JPMorgan Chase & Co , the No. 1 U.S. bank by assets, reported stronger-than-expected quarterly earnings and revenue on Friday, helped by a surge in investor activity related to the U.S. presidential election. The bank's net income rose 23.8 percent to $6.73 billion in the three months ended Dec. 31, while earnings per share rose to $1.71 from $1.32. “The U.S. economy may be building momentum,” he added.
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JPMorgan results trump estimates as election stimulates trading