The details for JP Morgan:
- EPS $4.10 (vs $3.38 estimate)
- Adj. revenue $39.34 billion (vs $36.83 billion estimate)
- FICC sales and trading revenue $5.70 billion (vs $5.25 billion estimate)
- Investment banking revenue $1.56 billion (vs $1.54 billion estimate)
- Equities sales and trading revenue $2.68 billion (vs $2.75 billion estimate)
Looking across, PNC also reported a strong earnings beat with the credit details (allowance for credit losses of $5.4 billion was stable) also not really indicating signs of any major worries. That should be a relief for equities, at least with regards to bank stocks, ahead of the open.
However, overall sentiment remains tepid with S&P 500 futures still down 0.1% for now.
This article was written by Justin Low at www.forexlive.com.