JPMorgan Profit, Revenue Beat Expectations
JPMorgan reported quarterly earnings and revenue that beat Wall Street’s expectations on Friday, sending its shares higher in premarket trading.
The company posted first-quarter earnings excluding items of $1.31 per share, up from $1.28 a share in the year-earlier period. Revenue was $27.42 billion, an increase from $25.79 billion a year ago. Analysts had expected the company to report earnings excluding items of $1.18 a share on $24.68 billion in revenue.
