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For US banks with its second quarter results net earnings per share for the bank came in at one dollar sixty cents a share last year's number.
But the dollar 21 we'll see if there are any related charges that the estimate there was for a dollar 44.
-- taking a closer look at the report to make sure that those are comparable in the meantime revenue came in at 26 billion dollars the estimate there.
Was for 24 point 84 billion and that's compared to last year's 22.
Point 18 billion checking the markets now the day after record setting US rally powered by comments from Fed Chairman Ben Bernanke.
US futures are up across the board -- -- higher than we saw before that JPMorgan report came out Dow futures are up 21 points.
Guess -- -- to the nasdaq's up for.
Markets there closed mostly lower on concerns about China's GDP report which is due out on Monday Japan's Nikkei -- the trend finishing higher and in Europe.
Stocks there are in the green for its fifth day now.
We've got London currently up by about 35 almost 36 points they're Paris is up almost seventeen -- 78.
And now let's get some reaction to the bank reports and the market from -- speech -- market analyst.
Friday over letting Chris first we got these results and JPMorgan Chase what's your take on the -- -- so far that Iran.
When it's good to see that we see in both earnings and revenue beat those expectations coming through sent a strong start in -- sense today earning season I think -- Really interest I think contracts from it will be how they relate to the Fed's tight -- Come and how they see that moving forward fifties and of interest rates and any changes stance -- that trading divisions.
That's me the most important argument in the numbers -- headline numbers -- somewhat less important for the moment.
And -- -- be hearing from several more banks next week what do you expect to hear.
From the industry in general.
Well I think we hope to see that the improvement in US housing is going to be feeding through into the bank's performance penalties divisions some general up ten US economy and broadly as well so that went on -- can make its presence on that I think is reason.
-- -- the across the -- in US bank earnings.
And Chris is there anything in the report that stuck out -- you that would give any hints on what the bank expect from the Federal Reserve.
Well I think -- -- -- a very cautious look ahead towards the rest of the year like him and Austin, Texas and I don't look at what effect will do next which -- is -- -- -- second -- -- and I -- -- -- -- -- -- -- -- -- -- -- is gonna happen.
That is something that can be dealt with carefully in the fullness of time.
All right -- -- beat him over and I do we appreciate it Chris thank you.
And -- reiterate those numbers for you JPMorgan has just reported its second quarter results net earnings per share came in at a dollar sixty cents adjusted.
That comes in at a dollar 45 compared to last -- dollar -- one -- one.
And the estimate which was for a dollar forty forced -- that's a beat for JPMorgan Chase.
Revenue also -- the estimate -- 26 billion dollars the estimate there was for 24.
Point 84 billion dollars and also topped last year's 22 point 18 billion dollars.
The bank CEO Jamie Dimon says quote we continue to see broad based signs that the US economy.
Activist investor Carl Icahn.
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