JPMorgan Chase & Co misses expectations on 3Q revenue, income

Rivals JPMorgan Chase & Co. and Citigroup Inc. also posted declines. in the Industrial and Commercial Bank of China Ltd. Revenue fell 18 percent to $7.3 billion. That missed analysts’ expectations.

JPMorgan Chase & Co. (JPM) missed analyst expectations, posting revenue of $23.54 billion in the third quarter, down 6.4% from third quarter 2014, with earnings per share of $1.32, which was $0.05 below what analysts forecast. Net income was $6.8 billion, an increase of 22%.

 · Commercial banking reported record net income of $778 million on revenue of $1.9 billion and an ROE of 18%. Revenue was up 14% year-on-year, driven by a trifecta of NII on loan growth, higher.

CoreLogic: Foreclosures decline 16% in July Foreclosure filings. It was the first time since July 2007 that the number fell below 200,000. The largest decreases occurred in states with no court supervision of repossessions, led by Arkansas.

 · Gannett Co., Inc. expects full-year revenue in the range of $3.15 billion to $3.22 billion. Gannett Co., Inc. shares have declined 11 percent since the beginning of the year, while the Standard.

 · NEW YORK (AP) – JPMorgan Chase & Co. third-quarter profits rose 7 percent from a year earlier, as the bank as able to increase revenue in its consumer banking business even though the company saw a sizeable drop in trading revenue in the quarter.

And just like yesterday, JPMorgan reported poor results in two core segments, with revenue in trading and investment banking missing expectations And while JPMorgan paraded with its "Fortress balance sheet", what traders cared the most about was results from JPM’s Corporate and Investment.

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 · The nation’s biggest bank by assets revealed 3Q earnings per share of $1.58 on managed revenue of $25.5 billion. It is not known right away if the numbers are comparable.

Samsung Electronics Co., the largest smartphone maker, faces further profit-outlook downgrades by analysts after posting earnings that missed estimates as sales of its flagship Galaxy S4 handset fell.

In-depth view of key statistics and finances for JPMORGAN CHASE & CO. (JPM) on MSN Money. Revenue.

J.P. Morgan Chase Bank Berhad. Financial Reports. Disclosure to Wholesale Fixed Income, Currency, Commodities and Equities Products Clients. Further regulatory and financial information relating to JPMorgan Chase & Co. can be found in Investor Relations.

(Reuters) – JPMorgan Chase & Co (NYSE. effects in their large fixed-income trading businesses. Well Fargo & Co (NYSE:WFC – News), which relies less on trading, said on Tuesday that fourth-quarter.

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