Bobby Cook
Jamie Dimon of JPMorgan Chase continues to steer the nation's largest bank through a stretch of unusually strong trading results, and the market took notice after the July 14 second quarter report topped Wall Street's numbers across the board.
| Price | 341.1 USD |
|---|---|
| Day change | -1.15 (-0.34%) |
| 52-week range | 293.67 – 351.24 |
| Market cap | $912.16B |
| P/E ratio | 16.3 |
| EPS (ttm) | 20.92 |
| Dividend yield | 1.76% |
| RSI (14) | 60.29 |
| Volume | 9,250,861 |
JPMorgan Chase posted adjusted earnings per share of $6.14, roughly $0.30 ahead of consensus, on adjusted revenue of $52.4 billion, more than $2 billion above what analysts had modeled. Shares of JPM jumped 2.5% on the news and now trade at $341.10, down a modest 0.34% on the day, within a 52 week range of $293.67 to $351.24. The bank's market capitalization stands at $912.16 billion, with a price to earnings ratio of 16.3 and a dividend yield of 1.76%.
Equities Trading Fuels the Quarter Under Jamie Dimon's JPMorgan Chase
The headline number that drew attention was an 86% year over year jump in equity markets trading revenue, which crossed $6 billion and dwarfed each of the prior four quarters. CFO Jeremy Barnum was candid on the earnings call that much of this was not a repeatable pattern. He pointed to a cluster of large IPOs, index rebalancing events, and unusual dislocations in the Korean equity market as the drivers, alongside broad client activity across Asia. Barnum described the backdrop as
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