Best stocks to invest in – JPMorgan Chase (JPM) Misses on Earnings, Revenue for Q3



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Founded in 2000, New York City-based JPMorgan Chase & Co (JPM) is an American financial services firm engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. JPMorgan Chase is the largest bank in the United States, and the world’s fifth-largest bank based on total assets.

Currently, JPMorgan Chase has a Zacks Rank #3 (Hold) but that could change following its fiscal third quarter 2015 earnings report. We have highlighted some of the key details from the just-released announcement below.

Earnings: JPMorgan Chase missed on earnings. Adjusted EPS came in at $1.32 per share, missing the Zacks Consensus Estimate of $1.38 per share. JPMorgan Chase posted net income of $5.4 billion.

Revenue: Revenues of $22.7 billion just slightly missed the Zacks Consensus Estimate of $23.8 billion, down due to lower CIB Markets revenue including business simplification and lower Mortgage Banking revenue.

Key Stats: JPMorgan Chase reported over 22 million active mobile customers, up 21%.

Stock Price: JPM was down $0.25, or 0.41%, to $61.30 as of 4:32 PM ET in after hours trading shortly after its earnings report was released.


Check back later for our full write up on this JPM earnings report later!

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