https://www.google.com/amp/s/www.cnbc.com/amp/2021/10/13/jpmorgan-jpm-earnings-q3-2021.html
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Earnings of $3.74 per share vs. $3 per share estimate of analysts surveyed by Refinitiv.
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Revenue: $30.44 billion vs $29.8 billion estimate.
The gain came after the bank released $2.1 billion in reserves and had $524 million of net chargeoffs in the quarter, New York based JPMorgan said in a release. The bank produced $3.74 per share in earnings, which includes a 52 cent per share boost from reserve releases and a 19 cent per share benefit tied to a tax filing.
The bank “delivered strong results as the economy continues to show good growth - despite the dampening effect of the Delta variant and supply chain disruptions,” CEO Jamie Dimon said in the statement. “We released credit reserves of $2.1 billion as the economic outlook continues to improve and our scenarios have improved accordingly.”
Submitted October 13, 2021 at 08:15AM by WeenisWrinkle https://ift.tt/3AAOfp1
