JPMorgan Chase is set to report second-quarter earnings – here’s what the Street expe

[NewsFeeder]

JPMorgan Chase is set to report second-quarter earnings – here’s what the Street expects

As a result of all the conflicting data, investors should brace themselves for a wider-than-usual range of outcomes for the banks this quarter.

More @ CNBC...

 

[tsptalk]

JPMorgan Chase earnings fell 28% after building reserves for bad loans, bank suspends buybanks

JPMorgan earnings fell short of analyst expectations as the bank built reserves for bad loans by $428 million.

The company’s shares fell in premarket trading after it said it would temporarily suspend its share repurchase program.

Chairman and CEO Jamie Dimon warned geopolitical tension, high inflation and waning consumer confidence could hurt the economy “sometime down the road.”

https://www.cnbc.com/2022/07/14/jpmorgan-jpm-2q-2022-earnings.html