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JPMorgan Earnings Mask A Squeeze In Revenue

First Posted: 01/13/11 08:34 AM ET Updated: 05/25/11 07:25 PM ET

Jpmorgan Earnings

Bloomberg:

Fourth-quarter results, which the New York-based company plans to announce tomorrow, are likely to show a profit of $4.2 billion, or $1 per share, based on the average estimate of analysts surveyed by Bloomberg. About 40 percent of earnings for the first nine months came from money taken from loss reserves as U.S. banks dip into their funds, at least temporarily, and mask a revenue squeeze.

Read the whole story: Bloomberg

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Filed by Ryan McCarthy  |