JPMorgan Chase Non-GAAP EPS of $4.63 beats by $0.50, revenue of $41.93B beats by $240M
Press Room
JPMorgan Chase press release (NYSE:JPM): Q1 Non-GAAP EPS of $4.63 beats by $0.50.
Revenue of $41.93B (+9.5% Y/Y) beats by $240M.
Markets revenue down 5%, with Fixed Income Markets down 7% and Equity Markets flat
AUM10 of $3.6 trillion, up 19%
The provision for credit losses was $1.9 billion, reflecting net charge-offs of $2.0 billion and a net reserve release of $72 million. The net reserve release included a $142 million net release in Wholesale and a $44 million net build in Consumer. Net charge-offs of $2.0 billion were up $819 million, predominantly driven by Card Services. The prior-year provision was $2.3 billion, reflecting net charge-offs of $1.1 billion and a net reserve build of $1.1 billion.
