JPMORGAN ($JPM ) MISSES Q3 EPS & REVENUE ESTIMATES — SHARES -2.8% PREMARKET Q3 Results * Adj. EPS: $5.75 vs. $5.94 est. (3.2% miss) * Manag…
JPMORGAN ($JPM ) MISSES Q3 EPS & REVENUE ESTIMATES — SHARES -2.8% PREMARKET
Q3 Results
* Adj. EPS: $5.75 vs. $5.94 est. (3.2% miss)
* Managed Revenue: $50.9B vs. $51.22B est. (0.6% miss)
* Reported Revenue: $50.2B, +8% YoY
* Net Income: $15.31B, +6% YoY
* Credit Loss Provisions: $2.74B, -19% YoY
Segment Performance
* FICC Trading Revenue: $5.37B vs. $6.0B est. (10.5% miss)
* Investment Banking Revenue: $3.1B
* CIB Net Income: $8.25B, +20% YoY
* Consumer Banking Net Income: $5.67B, +13% YoY
* Asset & Wealth Management Net Income: $1.84B, +11% YoY
Market Reaction
* JPM Shares: -2.8% premarket following EPS, revenue and FICC misses.