JPMorgan Chase Stock Falls Despite Earnings Beat as Net Interest Income Misses Estimates
JP MORGAN CHASE(JPM) Investopedia·2024-04-12 20:35
Key TakeawaysJPMorgan Chase shares lost ground in pre-market trading Friday despite reporting earnings and revenue that beat analyst expectations as its net interest income missed estimates.JPMorgan's net interest income declined after reaching a record high in the fourth quarter of 2023.CEO Jamie Dimon said in his annual shareholder letter earlier this week that the bank is prepared for a wide range of interest rates and economic outcomes, from a recession to a soft landing or significant growth. JPMorgan ...