Investing.com – JP Morgan, the biggest U.S. bank, reported earnings and revenue that beat Wall Street forecasts on Friday.
Specifically, the blue-chip bank reported earnings-per-share (EPS) of $1.71, compared to expectations for $1.44.
Net revenue rose 2% from a year ago to $24.33 billion, beating the consensus forecast for $23.74 billion.
Shares of JP Morgan (NYSE:JPM) were last up 0.55% to $86.73 in pre-market trade, compared to Thursday’s close of $86.24. That was compared to a flat reading just prior to the release.