Mixed Results for Major US Banks; Companies Remain Optimistic Despite IPO Delays
- 1JPMorgan reported Tuesday revenue and profit below expectations, with assets and market capitalization of approximately $881 billion.
- 2Goldman Sachs significantly exceeded revenue and EPS forecasts as equity business revenue surged 72%.
- 3JPMorgan CFO Jeremy Barnum stated that IPOs are being delayed rather than canceled.
So what's the key point?
JPMorgan's revenue and profit were lower than what experts expected. Goldman Sachs performed better than expected as its equity business revenue grew significantly.
Source Fortune · View original ↗
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