JPMorgan Chase, the biggest United States bank by assets, reported in a statement on Friday that net income moved up 34% to $5.71 billion or $1.40 per share, from $4.26 billion or $1.02 per share in the previous earlier.
The company reported that earnings, which comprised a loss on accounting adjustments, surpassed the median forecast of $1.20 among 30 analysts polled by Bloomberg.
JPMorgan’s revenue moved up 6% to $25.9 billion from $24.4 billion during the Q3 of previous year. The company reported that revenue plunged 1% to $6.28 billion from $6.37 billion at the investment-banking unit.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Citigroup Inc. (NYSE:C) fell -2.17% to settle at $34.75, Wells Fargo & Company (NYSE:WFC) moved down -2.64% to end at $34.25 while KeyCorp (NYSE:KEY) slipped -3.48% to finish at $8.33 on Friday.
JPMorgan Chase & Co. (NYSE:JPM)’s last session volume of 44.57 million shares was higher than its average volume of 25.26 million shares. The stock after opening at $41.60 hit high price of $42.43 and then closed at $41.62 by scoring -1.14%.
The liquidity measure in recent quarter results of the company the debt to equity ratio was 3.68 and long-term debt to equity ratio also remained 1.54. The Company had total cash of $850.75 billion at hand and a book value per share as $48.41 in the most recent quarter.
The stock’s price volatility was 1.99% for a week and 1.94% for a month as well as price volatility’s Average True Range for 14 days was 0.88 and its beta remained 1.33.
JPM generated revenue of $59.01 billion in the previous twelve months and earned $16.57 billion. The Company showed a positive 19.12% in the net profit margin and as well as in its operating margin which remained 26.26%. Company’s annual sales growth for the past five years was 0.73%.
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