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Hi everyone we are getting earnings in right now from JPMorgan Chase the bank is reporting earnings of one dollar 159 cents a share.
That's a beat on the estimate if those numbers are comparable analysts were expecting.
A dollar 39 cents a share we're still awaiting that revenue number to come in the expectation there's for 25.
Point 86 billion dollars.
A year ago this quarter the bank reported a dollar 31 cents a share in revenue.
And profit came in at five point four billion dollars so again we're waiting that revenue number from JPMorgan Chase right now the estimate on there is for 25 point 86.
Billion dollars and that came in at 25 point eight.
Let's take a look at the markets now -- how we're getting reaction to this we've seen red arrows across the board all morning we've currently got futures down.
By 28 points yes and he's down by about three and the nasdaq's down by nine in Europe.
European Union finance ministers begin a two day meeting in Dublin today with Cyprus is -- among the top items on that agenda there were concerns.
That's Cyprus may need more bailout money but at -- finance official says the country won't ask for more money.
But instead we'll ask for structural and technical assistance to restore its economy stocks there are also in the red.
BC London sound.
Almost 26 points -- is down almost thirty in Frankfurt down about 96 listen a closer look.
Now I what's moving the markets -- marked -- senior trader at Yates capital in London mark.
We just got -- these earnings and from JPMorgan and what are your reaction to this report and how closely.
Our investors in Europe watching these bank earnings in general.
Spoke to their bikes have been a focus across the world and number on an entity -- let's listen as usual is a good sign.
I'm saw that the -- taken notice that as opposed to put some of -- are all of the things that's.
There are wearing them over in Europe and do you fly announced mixing a -- in problem I think because that is going to be the key facts for today.
And mark you know -- talking back about your UK prime minister David Cameron and German Chancellor Angela Merkel are meeting today.
In Berlin with -- to -- European economy the way is how much pressure are they facing to find a solution before the next elections.
-- To go under a lot of pressure you -- -- figure elections the keys you a microscope well no I'm coming up.
Hookup musical -- -- how certain.
No I don't think -- would like to see actual troops.
Sudden look who would simply because I think too little to help plus we get -- -- -- -- That's mark freezer ready -- capital we appreciate it Marc thanks.
And again we are getting earnings in from the first of the big banks to report this quarter JPMorgan Chase is kicking things off.
With a profit of one dollar 59 cents a share that suggested that's compared.
The last year's quarter they reported last year this quarter we reported dollar 31 on profit of five point four billion dollars.
Wait to see -- there any related charges in those numbers but the estimate there was for a dollar thirty -- are right now that's looking like could be.
Revenue came in at 25 point eight billion dollars the estimate there was for 25.
Point 86 billion and last year they were reporting 24 point 72.
Billion dollars boosting the quarterly dividend as well they went from thirty cents to 38 cents CEO Jamie -- is saying housing prices continued.
To improve a new home purchases are also starting to come back.
NASDAQ OMX group CEO won't be getting as big of a ball and it says he originally expected for last year.
The exchange groups boards last Robert -- -- bonus by 542000.
Dollars over the botched handling.
Of Facebook's IPO despite the cut.
I felt overall compensation for last year climbed 18% from 2011 to eight point nine million dollars -- -- -- more than three million dollar increase.
In stock awards the Securities and Exchange Commission last month approved a plan by NASDAQ to repay 62 million dollars to firms that took losses as result of the problems.
During Facebook's first day of trading.
We're -- to get several pieces of economic data before the opening bell today including a look at the retail sector march retail sales are expected to be unchanged from February.
When sales jumped more than 1% take out the auto component still expected to be -- change there and that number climbed 1%.
In February we're also getting -- reading on producer prices for march those are expected to fall by point 2%.
Thought from February that is in that month had a gain of point 7% the so called core index which factors out food and energy.
Is expected to show a gain of point 2% the same as it did.
In February and we'll have all of those numbers for you as soon as they cross at 8:30 eastern.
Good creator -- on the bank earnings today we just got earnings in from JPMorgan Chase they kicked things off for the big banks reporting.
A profit of one dollar 59 cents a share if comparable that is -- beat.
On the estimate for a dollar 39 it's also beat from a year ago -- the bank reported a dollar 31 a share on profit of five point four billion dollars.
-- get will be looking to that report to see if -- any related charges revenue came in at 25 point eight billion dollars falling shy of the expected 25 point 86 billion.
Imus in the morning continues right now.
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