Brian Snyder/Reuters
Jamie Dimon, CEO of JPMorgan Chase, takes part in a panel discussion about investing in Detroit at the Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., April 11, 2018.
- Most bank stocks were rallying Friday after $4, $4, and $4 kicked off earnings season.
- JPMorgan was the only major bank trading lower.
- Watch $4, $4, $4, $4, $4 and $4trade here in real time.
Bank stocks were rallying Friday after JPMorgan, Citigroup, and Wells Fargo kicked off earnings season with mixed results.
JPMorgan said it $4 in the third quarter. Analysts polled by Bloomberg had expected earnings of $2.26 per share. Revenue rose to $27.8 billion, up 5% from last year.
Meanwhile, Citigroup $4in its adjusted earnings to $1.73 per share, beating analysts' expectations of $1.68 a share. Revenue dipped slightly to $18.4 billion, just shy of the $18.5 billion that was expected.
And last but not least, Wells Fargo $4$4. Earnings rose to $1.13 a share, or $5.45 billion, but that was shy of the $1.17 that was anticipated. The bank's revenue edged up 0.4% to $21.94 billion.
As a result, bank stocks are rising across the board - except for JPMorgan. Here's the scoreboard :
- JPMorgan>$4 (JPM) : -0.4%
- Citigroup>$4 (C): +1.55%
- Wells Fargo>$4 (WFC): +1.7%
- Bank of America Merrill Lynch >$4(BOA): +1.3%,
- $4 (MS): +1.7%
- Goldman Sachs>$4 (GS): +1.5%