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JP Morgan Rises After Presenting Its Highest Quarterly Revenue Ever


JP Morgan stands out with a 3% advance in the pre-opening of Wall Street. The US investment bank has opened the closure of the results with its highest quarterly income in history.

The US entity owes this exceptional performance in terms of income to its trading division, which has billed 79% more thanks to the volatility in the stock market only suitable for experts since the start of the pandemic.

In terms of total income, JP Morgan has pocketed $ 33.8 billion in the quarter compared to $ 30.7 billion projected by the consensus of analysts. This has left a EPS of $ 1.32 in the entity, compared to $ 1.02 expected by experts.

If we compare their current accounts with those of a year ago, JP Morgan has recorded 59.9% less profit in the first six months, having to shoot 609% of its provisions, up to 18,758 million, to raise a shield before the pandemic.

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