efficentupup wrote a post · Apr 17, 2023 16:44

Despite March's banking crisis, big banks beat estimates across the board

JPMorgan Chase posts record revenue on higher interest rates; shares jump 7%

$JPMorgan (JPM.US)$ posted record first-quarter revenue on Friday that topped analysts’ expectations as net interest income surged almost 50% from a year ago on higher rates.
Here’s what the company reported:
Adjusted earnings: $4.32 per share vs. $3.41 per share Refinitiv estimate
Revenue: $39.34 billion, vs. $36.19 billion

Wells Fargo’s first-quarter profit and revenue top the Street

$Wells Fargo & Co (WFC.US)$ reported growing profits Friday as the bank benefited from higher interest rates, despite building up loan loss reserves.
Here’s how Wells Fargo did in the first quarter compared with Refinitiv estimates:
Earnings per share: $1.23 per share GAAP versus 90 cents a year ago and $1.13 expected.
Revenue: $20.73 billion versus $20.08 billion expected.

Citigroup shares rise after first-quarter revenue tops expectations

$Citigroup (C.US)$ reported rising net income and better-than-expected revenue for the first quarter, boosting its stock Friday even as the bank's executives expressed caution about the path of the U.S. economy.

Here is how Citigroup's key metrics compared with expectations.
$4.6 billion in net income vs. $4.3 billion in the same period last year
$21.45 billion in revenue vs. $19.99 billion expected, according to Refinitiv.

$Bank of America (BAC.US)$ c’mon Tuesday! What do you think will happen to Bank of America's earnings report?

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

38K Views

Comment

efficentupup

True and timely

2092

Followers

Following

5566

Visitors