Investing.com - JPMorgan (NYSE:JPM) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $2.82 on revenue of $29.57B. Analysts polled by Investing.com forecast EPS of $2.51 on revenue of $28.84B. That compared to EPS of $2.29 on revenue of $28.39B in the same period a year earlier. The company had reported EPS of $2.65 on revenue of $29.85B in the previous quarter.
For the year, JPMorgan shares are up 16.66%, under-performing the S&P 500 which is up 21.69% year to date.
JPMorgan follows other major Financial sector earnings this month
On Monday, Citigroup reported second quarter EPS of $1.95 on revenue of $18.76B, compared to forecasts of EPS of $1.81 on revenue of $18.51B.
Commerce Bancshares earnings beat analyst's expectations on Tuesday, with second quarter EPS of $0.96 on revenue of $338.9M. Investing.com analysts expected EPS of $0.94 on revenue of $339.13M
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