Investing.com – Shares in JP Morgan held onto gains in pre-market trade on Friday after reporting first quarter earnings.
The financial services firm reported earnings per share (EPS) of $2.37 in the first three months of the year.
Analysts’ forecast pointed to earnings of $2.28 a share.
Meanwhile, the firm’s revenue increased 10.3% from the same quarter a year earlier to $28.52billion, beating the forecast for $27.68 billion.
“2018 is off to a good start with our businesses performing well across the board, driving strong top-line growth and building on the momentum from last year,” CEO and chairman Jamie Dimon said in the release.
Following the release of the report, JPMorgan (NYSE:JPM) rose 0.56% to $114.01 at 7:02AM ET (11:02GMT) in pre-market trade, from the previous closing price of $113.37. Shares had been trading up around 0.6% at $114.00 prior to the publication
Meanwhile, U.S. equity markets pointed to a higher open. At 7:04AM ET (11:04GMT), the blue-chip Dow futures advanced 70 points, or 0.29%, , the S&P 500 futures rose 9 points, or 0.32%, while the tech-heavy Nasdaq 100 futures gained 8 points, or 0.12%.