More on JPMorgan (JPM) Q2 earnings: Q2 income boosted by $0.24/share by reduced loan loss...


More on JPMorgan (JPM) Q2 earnings: Q2 income boosted by $0.24/share by reduced loan loss reserves in real estate and credit card portfolios, and cut $0.09/share by increased litigation reserves. Dimon: Net charge-offs in credit cards near historical lows and in real estate are down more than 50% Y/Y. Consumer & Community Banking revenue off 3% Y/Y, with net interest income off 1% (NIM of 2.31% vs. 2.62% a year ago). Noninterest revenue off 7% Y/Y, though mortgage originations up 12% (but off 7% Q/Q). Basel III Tier 1 common ratio of 9.3%. Book value/share of $52.54. CC at 8:30 ET. Shares +0.5% premarket. (PR)

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  • nafar
    , contributor
    Comments (308) | Send Message
     
    An important addition is achievement of 4.7 leverage ratio as against proposed new target of 5%. So virtually no impact on dividend distribution.
    12 Jul 2013, 07:28 AM Reply Like
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