JPMorgan Just Broke the Bank—Literally Crushing Its Biggest Rivals, But Here’s Why They’re Not Celebrating Yet

JPMorgan Just Broke the Bank—Literally Crushing Its Biggest Rivals, But Here’s Why They’re Not Celebrating Yet

JPMorgan CEO Jamie Dimon. Photographer: Patrick Bolger/Bloomberg via Getty Images

JPMorgan reported its second-quarter results on Tuesday, marking the sixth consecutive quarter of stronger-than-expected earnings. Reported revenue for the quarter was $44.9 billion, higher than the revenue of $43.8 billion that analysts expected. The bank’s net interest income, or the income it makes from loans and other products after interest payments, was $23.3 billion, up 2% year-over-year, while net income as a whole was $15 billion.

Pages: 1 2 3 4 5 6 7 8

Post Comment

You May Have Missed