Saxo Group Videos

Earnings Season: JPMorgan shows US banks bouncing back

JPMorgan Chase has beaten analysts' expectations in its quarterly earnings results as it reported profits of USD 5.91 billion. Analysts had expected to see USD 1.40 per share but instead were greeted with USD 1.45.

Saxo's Peter Garnry says part of the reason has been a rebound in trading around equities and fixed-income as well as steady loan demand.

Garnry says the revenue growth is a good sign for other US banks and financial institutions. He says he is positive on US banks in general.

02:33 minutes
Tags: bank, banking, banking equity, banking industry, banking sector, banking system, banks, banks results, banks stocks, earning reports, earnings, earnings 2015, earnings earnings season, earnings expectations, earnings per share, earnings ratio, earnings reports, earnings results, earnings season, earningseason, earningsreports, earningsseason, earningsweek, equities, equities saxo, equities trading, equity, equity index, equity market, equity markets, equity portfolio, equity portfolios, equity research, equity strategy, equity trading, equity us, goldman, goldman sachs, goldman sachs results, jpmorgan, jpmorgan chase, labour, labour market, loan, loan rates, loans, saxo, saxo bank, saxo tv, saxo tv saxo bank, saxotv, share price, share trading, shares, shares prices, shares up, trading, tradingfloor, tradingfloor.com, tradingfloor.com saxo tv, united states, us, us dollar, us economy, us job data, us jobs, us jobs data, us jobs market, us jobs reports, usd, wall street, wells, wells fargo

Switch to