JPMorgan Chase & Co. (JPM) EPS Comes In At $1.46, Above Estimates

The financial and trading power house JPMorgan Chase & Co. (NYSE:JPM) has reported its results for its Second-Quarter 2014 The highlights of the earnings call was that the New York-headquartered company reported revenue of $25.3 billion for the quarter, and managed to post net income of $6 billion for the reporting period. This was well below the $25.3 billion revenue and $6.5 billion net income reported by the financial institution in the same quarter, last year. Earnings per share for the 2Q operations came in at $1.46. In contrast 2Q13 EPS was at $1.6.

Analysts Prefer JPMorgan Chase & Co. (JPM) Over Citigroup Inc (C)

These strong numbers were reported by JPMorgan Chase & Co. (NYSE:JPM) in spite of the heavy headwinds faced by the financial markets in general and the mortgage vertical in particular during the previous quarter. The other highlights from the earnings call include the healthy $3 billion returns that JPMorgan Chase & Co. (NYSE:JPM) has managed to plough back to its share holders in the form of dividend payout in the reporting quarter in addition to increasing share holder value by repurchasing $1.5 billion in the reporting quarter. The other numbers which stood out in the 2Q14 operations report, was the nearly $93 billion that has been farmed out to consumers as credit by the financial major.

It is interesting to note that, the earnings report by JPMorgan Chase & Co. (NYSE:JPM) was slightly above the earnings expectations of the street. Eric Wasserstrom of SunTrust Robinson Humphrey, on CNBC, anticipated that, “in terms of estimates, from the consensus, I think the consensus is up around $1.30 (for JPMorgan Chase & Co. (NYSE:JPM).” He then went on to underline that investors would be closely watching the “trading line, equity and fixed income” in addition to “advisory results, the underwriting results and, of course, how they control expenses,” when JPMorgan Chase & Co. (NYSE:JPM) comes out with its numbers.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!