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JPMorgan Chase & Co. (JPM, Financial) shares were higher 1.5% on premarket trading Friday after the company posted third-quarter revenue and net interest income increases beating consensus estimates.
This large market cap bank generated revenue of $42.65 billion with earning $4.37 per share beating the consensus estimate of $40.85 billion revenue and $4.33 earnings per share. The company also reported an increase in net interest income from $22.73 billion to $23.41 billion. However Net income fell to $12.9 billion from $13.2 billion in the same quarter of 2023.
Increased revenue and earnings per share are expected to bolster the financial strength, the only remaining factor preventing JPMorgan Chase from achieving a perfect GF score:
The GF Score of JPMorgan reveals that the company has high growth with moderate profitability at high valuation and good price momentum. To get better performance, JPMorgan Chase should aims to strengthen its financial position.
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