JPMorgan, profit better than expected

9 years ago - Published in Finance, Fundamental Analysis

Accounts falling for JPMorgan Chase yet exceeds expectations. In the second quarter, the banking giant reported a net profit of $ 6.2 billion, $ 1.55 per share, compared with 6.29 million, $ 1.54 per share, for the same period last year.

The net result is slightly lower than what was achieved a year ago to 6.29 billion dollars (1.54 US dollars per share) but better than the analyst consensus which indicated $ 1.43 per share.

"JPMorgan has continued to perform well in all key business activities – said the CEO Jamie Dimon – also we are pleased to have increased the return of capital to shareholders in the quarter and have received authorization from the Federal Reserve to our new capital distribution plan that includes a significant increase in the share buyback program ".