Tag Archives: Slammed By Collapse In Mortgage Origination

ZeroHedge – JPM Misses Top And Bottom Line, Slammed By Collapse In Mortgage Origination, Slide In Fixed Income Trading – 11 April 2014

ZeroHedgeSo much for the infallible Mr. Dimon.

Moments ago, JPM reported Q1 earnings which missed across the board, driven by the now traditional double whammy of collapsing mortgage revenues – the lifeblood of any old normal bank – and fixed income trading revenues  – the lifeblood of new normal banks. Specifically, JPM reported revenues of $23.9 billion, well below the expected $24.5 billion, matched by a reported earnings miss of $1.28, down from $1.59 a quarter ago (and down $0.02 from Q4, 2014), also missing consensus estimates of $1.38.

Read the full story at:  www.zerohedge.com / link to original article