JPMorgan Chase & Co. Q2 Profit Decreases, But Beats Estimates

(RTTNews) - JPMorgan Chase & Co. (JPM) reported a profit for second quarter that Decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $14.987 billion, or $5.24 per share. This compares with $18.149 billion, or $6.12 per share, last year.

Excluding items, JPMorgan Chase & Co. reported adjusted earnings of $4.96 per share for the period.

Analysts on average had expected the company to earn $4.47 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 10.5% to $44.912 billion from $50.200 billion last year.

JPMorgan Chase & Co. earnings at a glance (GAAP) :

-Earnings: $14.987 Bln. vs. $18.149 Bln. last year. -EPS: $5.24 vs. $6.12 last year. -Revenue: $44.912 Bln vs. $50.200 Bln last year.