JP Morgan beats Street 2Q forecasts - KAIT Jonesboro, AR - Region 8 News, weather, sports

JP Morgan beats Street 2Q forecasts

(AP Photo/Mark Lennihan, File). FILE - This Wednesday, Jan. 14, 2015, file photo shows a Chase bank branch, in New York. JPMorgan Chase & Co. reports earnings, Friday, July 14, 2017. (AP Photo/Mark Lennihan, File). FILE - This Wednesday, Jan. 14, 2015, file photo shows a Chase bank branch, in New York. JPMorgan Chase & Co. reports earnings, Friday, July 14, 2017.

NEW YORK (AP) _ JPMorgan Chase & Co. (JPM) on Friday reported second-quarter earnings of $7.03 billion.

The bank, based in New York, said it had earnings of $1.82 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.

The biggest U.S. bank by assets posted revenue of $28.91 billion in the period. Its adjusted revenue was $25.47 billion, also topping Street forecasts. Three analysts surveyed by Zacks expected $24.84 billion.

JP Morgan shares have risen almost 8 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 9 percent. The stock has increased 47 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JPM at https://www.zacks.com/ap/JPM

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Keywords: JPMorgan Chase, Earnings Report, Priority Earnings

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