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JPMorgan Chase and Citigroup Report Divergent Third Quarter Results

Zacks +2 ·

JPM JPMorgan Chase & Co
$331.43 -0.86%
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C -5.60%
  1. 1JPMorgan Chase's third quarter adjusted earnings per share of $5.75 missed the Zacks consensus estimate of $5.94 by 3%.
  2. 2Citigroup's third quarter adjusted earnings per share of $2.85 beat the Zacks EPS consensus of $2.66 by 7%.
  3. 3Citigroup's third quarter adjusted earnings per share increased 27% compared to $2.24 in the same period last year.

So what's the key point?

JPMorgan Chase reported lower profits than experts expected, while Citigroup earned more than expected. Citigroup's profits grew 27% compared to last year, which is positive news for investors.

Source Zacks +2 · View original ↗

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