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BullNBear52

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BullNBear52

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Wednesday, 04/14/2021 9:12:59 AM

Wednesday, April 14, 2021 9:12:59 AM

Post# of 54371
JPMorgan Chase beats profit estimates on strong trading, $5.2 billion release of loan-loss reserves
PUBLISHED WED, APR 14 20216:16 AM EDTUPDATED WED, APR 14 20218:49 AM EDT
Hugh Son

KEY POINTS
The bank posted first-quarter profit of $4.50 a share including a $1.28 per share benefit from the reserve release, higher than the $3.10 per share expected by analysts surveyed by Refinitiv.
Revenue of $33.12 billion exceeded the $30.52 billion estimate, driven by the firm’s trading operations, which produced about $1.8 billion more revenue than analysts had expected.
https://www.cnbc.com/2021/04/14/jpmorgan-jpm-earnings-q1-2021.html

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