Large US Banks’ Earnings Topped Analysts’ Expectations
JPMorgan Chase (JPM) reported an EPS (earnings per share) of $2.37 in 1Q18—compared to the consensus estimate of $2.28. The bank’s revenue came in at $28.52 billion—compared to the expectations of $27.68 billion. JPMorgan Chase reported a 7% decline in investment banking revenues to $1.6 billion. The bank’s return on equity stood at 15%.