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JPMorgan (JPM) Q2 Earnings Top, Stock Down on Dismal Outlook
Modest loan growth and higher mortgage banking fees drove JPMorgan’s JPM second-quarter 2019 adjusted earnings of $2.59 per share, which outpaced the Zacks Consensus Estimate of $2.50. Results exclude income tax benefits of $768 million or 23 cents per share. Including this, earnings were $2.82 per share.
However, the stock fell 1.6% in pre-market trading, as management provided dismal lending scenario expectation for the second half of the year. Management now expects net interest income (NII) to be roughly $57.5 billion, down from the prior guidance of more than $58 billion.
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https://finance.yahoo.com/news/jpmorgan-...01726.html
![[Bild: JPMc1dl1654.png]](https://finviz.com/publish/071619/JPMc1dl1654.png)
Modest loan growth and higher mortgage banking fees drove JPMorgan’s JPM second-quarter 2019 adjusted earnings of $2.59 per share, which outpaced the Zacks Consensus Estimate of $2.50. Results exclude income tax benefits of $768 million or 23 cents per share. Including this, earnings were $2.82 per share.
However, the stock fell 1.6% in pre-market trading, as management provided dismal lending scenario expectation for the second half of the year. Management now expects net interest income (NII) to be roughly $57.5 billion, down from the prior guidance of more than $58 billion.
...
https://finance.yahoo.com/news/jpmorgan-...01726.html
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