JPMorgan Q2 Earings Slump on $10.8 Billion Provision for Loan Losses

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Revenue and earnings per share both exceeded analysts’ forecasts however.

JPMorgan shares are down 29% from the beginning of the year , still down 30.79% from its 52 week high of $141.10 set on January 2. They are under-performing the Dow Jones which is down 8.59% from the start of the year.

JPMorgan’s report follows an earnings missed by Commerce Bancshares on Tuesday, who reported EPS of $0.51 on revenue of $327.3M (NYSE:MMM), compared to forecasts EPS of $0.55 on revenue of $326.62M.

Jefferies Financial had beat expectations on June 29 with second quarter EPS of $0.16 on revenue of $1.15B, compared to forecast for EPS of $-0.03 on revenue of $844.3M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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