JPMorgan reported third quarter earnings that beat analyst's expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $2.34 on revenue of $27.82B. Analysts polled by anticipated EPS of $2.27 on revenue of $27.58B. That compared to EPS of $1.76 on revenue of $29.22B in the same period a year earlier The company had reported EPS of $2.29 on revenue of $28.39B in the previous quarter.
JPMorgan shares lost 3% to trade at $109.32 in pre-market trade following the report.
For the year, JPMorgan shares are up 0.46%, under-performing the Dow 30 which is up 0.98% year to date.
JPMorgan follows other major Financial sector earnings this month
On Friday, PNC Financial (NYSE:PNC) reported third quarter EPS of $2.82 on revenue of $4.36B, compared to forecasts of EPS of $2.73 on revenue of $4.35B.
Commerce Bancshares earnings beat analyst's expectations on Thursday, with third quarter EPS of $1.03 on revenue of $331.47M. analysts expected EPS of $0.97 on revenue of $333.7M
