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JPMorgan Chase Tops Q2 Earnings Estimates Amid Revenue Decline
JPMorgan Chase Tops Q2 Earnings Estimates Amid Revenue Decline
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BTCCSquare news:
JPMorgan Chase delivered a mixed performance in Q2, with adjusted earnings of $4.96 per share surpassing analyst expectations of $4.48. Revenue, however, declined 10.5% year-over-year to $44.91 billion, though still beating estimates. The bank's GAAP net income fell to $14.99 billion from $18.15 billion in the prior year, reflecting tougher comparisons and normalized interest rate income.
Despite the dip, JPMorgan shares remain robust—up 21.34% year-to-date and 39.33% over the past year, outpacing the S&P 500. Analysts maintain a bullish stance with a $300 price target, suggesting 4.8% upside potential. The stock dipped slightly post-earnings but retains strong institutional confidence.
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