14 days ago • Posted by Ajmir Omid

$JPM falling on earnings miss #banks #earnings #trading

JPMorgan misses revenues estimates and reports a fall in earnings per share by 12% to USD 3.33. Return on tangible Equity stood at 19%, while return of common equity decreased to 16%. Despite reporting "solid results", market didn't appreciate higher operating expenses and a lower efficiency ratio. The stock dropped as much as 4%, and is trading now at USD163 in premarket trading.