JPMorgan +2.5% as earnings call gets underway


The trading environment for H2 will probably look a lot like H1, says JPMorgan (NYSE:JPM) CFO Marianne Lake, perhaps sandbagging to set up the bank to blow past estimates again in Q3.

The conference call is now underway and can be heard here.

Q2 earnings presentation is here.

Dimon: I feel great. I'm getting the best treatment from the best doctors in the world. The prognosis remains excellent. His preference is stay on as CEO for 3-7 more years, but the board is preparing for succession. He touts JPMorgan's deep bench and says any of the current team could run a major financial company.

More from Lake: Speaking on the earnings call, she says the momentum in business banking  - originations rose 46% Y/Y and 27% Q/Q in Q2 - has continued into Q3.

Previously: JPMorgan +1.8% after blowing past estimates

JPM +2.5% premarket

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Comments (1)
  • june1234
    , contributor
    Comments (4252) | Send Message
     
    By markets reaction you might think JPM profits were up 8% not down 8% yr over yr like they came in
    15 Jul 2014, 01:52 PM Reply Like
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