Record the result: JP Morgan earned 31 billion dollars

18 Janvier, 2019, 20:55 | Auteur: Auguste Feret
  • JPMorgan's Dimon warns of shutdown fallout as bank reports earnings miss

"Despite a challenging quarter, we grew markets revenue in the investment bank for the year with record performance in equities and solid performance in fixed income", chief executive Jamie Dimon said.

On Monday, Citigroup, a rival, reported an unexpectedly large decline in fixed income trading revenue in the fourth quarter, raising concerns that big banks, and investment banks in particular, suffered from market volatility at the end of past year. The company had revenue of $26.10 billion during the quarter, compared to analyst estimates of $26.69 billion. In the case of the largest German Bank, analysts now expect on average a Surplus of about 400 million euros - so much money had earned JPMorgan a year ago to just five working days.

Still, Dimon touted the company's record year-end profits and increased market share in investment banking, credit cards and overseas businesses. The bank also notched an increase in overall loans.

Choppy markets in December have crimped trading results at J.P. Morgan, just as it did for Citigroup, which reported results Monday.

The largest USA lender said fixed-income trading revenue declined 18% for the three months to December 31, 2018.

Prince Philip unhurt in traffic accident
The female driver of the Kia suffered cuts while the female passenger sustained an arm injury, both requiring hospital treatment. Onlookers told the BBC that they helped the duke out of his Land Rover and he was "conscious but very, very shocked and shaken".

Shopko files for bankruptcy protection
This week, the Rx drug supplier asked a judge for a restraining order to keep Shopko from selling the medications it has supplied. In Mequon the Shopko Optial, 10996 N Port Washington Road, is on an endcap in a stripcenter across from the Chancery.

VIDÉO - Lyon: un blessé dans des explosions sur un campus universitaire
Un incendie se serait d'abord déclenché au niveau d'une bibliothèque sur le toit-terrasse d'un bâtiment du campus. Un violent incendie s'est déclaré sur le toit de l'Université Lyon 1 à Villeurbanne , vers 09h30 ce jeudi matin.

The lender posted net interest margin, a key profitability figure, of 2.54 percent, an improvement of 3 basis points from the previous quarter that matched analysts' expectations. The income rose by slightly more than 6 percent to 111.5 billion dollars.

Bank stocks were pummeled a year ago, particularly in the fourth quarter, on fears that a worsening U.S. The corporate and investment banking revenue has declined by 4 %. Bank of America, Goldman Sachs and Morgan Stanley report later this week.

"We tell our management that we have no problems seeing loan books shrink.Remember, Warren Buffett used to say in the insurance business, and sometimes this is true in the loan business, [there are times] when you're better off having the salesforce go play golf than make new loans". Total revenue jumped from $25.75 billion to $26.80 billion.

JPMorgan Chase (NYSE:) announced fourth-quarter results Tuesday and posted earnings of $1.98 a share. Year-to-date, JPM has gained 5.55%, versus a 4.28% rise in the benchmark S&P 500 index during the same period.

Conseillé:



Populaire

Juventus 1-0 AC Milan: Cristiano Ronaldo header wins Supercoppa for Juve
The decision to hold the match in the hardline Islamic country prompted outrage from far-right members of Italy's government. Paulo DYBALA lifted the Italian Supercup with Juventus as they won 1-0 against AC Milan .

Vols de technologies par Huawei: ouverture d'une enquête criminelle
L'enquête est à un "stade avancé" et pourrait "bientôt" entraîner une inculpation , ajoute le WSJ , citant des sources anonymes. Quelques médias ont également évoqué fait l'écho de doutes en France, au Royaume-Uni et en Allemagne.

Éric Salvail vend ses deux somptueuses demeures en Floride
Éric Salvail fait donc face à trois chefs d'accusation, soit harcèlement, séquestration et agression sexuelle. Les accusations concernent une seule victime, seulement identifiée par ses initiales.

Trump Cancels US Delegation Trip To Davos Over Government Shutdown
Trump postponed House Speaker Nancy Pelosi's trip to Brussels, Egypt and Afghanistan, citing the shutdown. Trade Representative Robert Lighthizer, and Deputy Chief of Staff for Policy Coordination Chris Liddell.

Un joueur mineur des Tigres accusé de conduite avec facultés affaiblies
La Sûreté du Québec lui aurait remis deux constats d'infraction, dont un pour avoir conduit avec les facultés affaiblies. C'est le capitaine de l'équipe Simon Lafrance qui a reçu l'argent des mains de l'entraîneur-chef Louis Robitaille.

Netflix Allegedly Used Real-Life Train Derailment Footage in 'Bird Box'
Netflix said its programming was so popular it now accounts for about 10 percent of television screen time in the United States. Despite the shaky stock reaction, Raymond James analyst Justin Patterson sees more positives than negatives.

Coupe: Levante porte plainte contre le Barça
Une situation qui n'est pas sans rappeler l'élimination du Real Madrid lors de la Coupe du Roi en 2015. Battus 2-1 au match aller, les Catalans sont donc qualifiés pour les quarts de finale.

Gabbard’s controversial positions plague early days of her presidential campaign
Gabbard's announcement comes ahead of what is expected to be a wave of high-profile Democratic candidates throwing their hats in the ring.

Huskers Win Big At Indiana
After answering with five straight, IN eventually fought futilely to dig out of a 25-7 deficit midway through the first half. Glynn Watson Jr. scored 15 points and Isaiah Copeland added 14 to help Nebraska upset No. 25 IN 66-51 on Monday night.

Raptors’ Pascal Siakam scoops in game-winner at the buzzer vs. Suns
The Phoenix Suns are averaging 105.9 points on 45.9 percent shooting and allowing 114.6 points on 48.1 percent shooting. Despite sporting the worst record in the league, Suns' fans have had some bright spots to pay attention to this season.