JPMorgan Chase Just Set a High Bar for Earnings Season
JPMorgan Chase (NYSE: JPM), the largest bank in the United States by assets, just reported its fourth-quarter earnings. The stock recently hit a fresh all-time high, and today's report shows the move was completely justified.
For starters, the bank handily beat estimates on both the top and bottom lines. Earnings of $3.79 per share were about 45% higher than Wall Street analysts had been looking for, and revenue of $30.16 billion exceeded expectations by almost $1.5 billion.
Image source: Getty Images.
Source Fool.com
