JPMorgan quarterly results: Earnings expectation missed, revenue forecast exceeded in Q1
JPMorgan reported its numbers this Wednesday, missing earnings expectations. The company was able to beat its revenue forecast.
The company reported earnings per share of $2.63. Revenue came in at $30.72B. Economists surveyed by Investing.com polled economists had expected earnings per share of $2.7 ahead of the quarterly results, while revenue was estimated at $30.63B.
For the year, JPMorgan's stock is down 16%, underperforming the S&P 500, which is down 7%.
Source: Investing.com
With a 3.2% dividend yield, is the financial giant worth buying?
For the most part, the numbers have always been above expectations recently.
From a chart perspective, however, the next support is at $115.
Do you have JPMorgan in your portfolio or would you currently buy?