Video: JP Morgan Reports Inline Results, DVA Weighs
 | JP Morgan Chase (NYSE:JPM) reported Q4 EPS of $0.90, inline with consensus estimates. Revenues for the quarter came in at $22.2 billion, vs. consensus estimates 23.0 billion. The firm said it had $567 million in a pretax loss from DVA in its investment bank. Credit reserves were at $28.3 billion. The provision for credit losses was $2.2 billion, down from the year-ago period. Jamie Dimon Chairman and Chief Executive Officer commented, “I am proud of the work our 260,000 employees have done this past year to continue the Firm's 200-year tradition of showing leadership and responsibility during challenging times. JPMorgan Chase has a positive impact on the lives of millions of people and the communities in which they live. All of the Firm’s accomplishments and our success in the future rest on a foundation of capital strength and careful stewardship of the Firm through this challenging economy and a new, complex regulatory environment. We are working hard to help our clients thrive, economies grow and communities prosper.” JPMorgan Chase (NYSE:JPM) has potential upside of 25.9% based on a current price of $36.85 and an average consensus analyst price target of $46.39. |
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