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Tag: trading revenue


Financial Services, Industries

JPMorgan beats profit estimates on better-than-expected credit, record trading revenue

January 15, 2021

Via: CNBC

JPMorgan Chase on Friday beat analysts’ estimates for fourth-quarter profit on record trading results and a boost from releasing money previously set aside for loan losses. The bank posted earnings of $3.79 a share, exceeding the $2.62 per share estimate […]


Financial Services, Industries

Bank of America shares drop as the firm sets aside another $4 billion for coronavirus-related loan losses

July 16, 2020

Via: CNBC

Bank of America on Thursday posted second-quarter earnings that were bolstered by stronger-than-expected bond trading and investment banking revenue. The bank said it generated earnings of $3.5 billion, or 37 cents a share, exceeding the 27 cents a share expected […]


Financial Services, Industries

Goldman 2Q profit tops forecast on strong trading revenue

July 15, 2020

Via: ABC News

NEW YORK — Investment bank Goldman Sachs posted a massive 41% rise in revenues in the second quarter, the bank said Wednesday, helped by a blowout performance by the bank’s trading desks. The New York-based bank had second quarter revenues […]


Financial Services, Industries

JPMorgan shares jump after record trading revenue drives stronger-than-expected second quarter profit

July 14, 2020

Via: CNBC

JPMorgan Chase on Tuesday reported second-quarter profit that beat analysts’ expectations on record trading revenue bolstered by surging volatility and the Federal Reserve’s unprecedented actions to prop up credit markets. The bank posted earnings of $4.69 billion, or $1.38 a […]