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TimT
2021-07-13

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JPMorgan Tops Q2 EPS by 58c, Revenues Beat

JPMorgan Chase reported profit and revenue that exceeded analysts' expectations as the firm released

JPMorgan Tops Q2 EPS by 58c, Revenues Beat

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Company wide revenue of $31.4 billion exceeded the $29.9 billion estimate.\nOne key factor is that after the industry set aside tens of billions of dollars for loan losses last year, banks have been releasing reserves as borrowers have held up better than expected.\nThere was a wide range of expectations for second-quarter credit loss provisions at JPMorgan; analysts surveyed by FactSet expected a release of as much as $967 million to a provision of up to $2.6 billion. 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JPMorgan Tops Q2 EPS by 58c, Revenues Beat

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