JP Morgan Chase missed on earnings with $5.75 but revenue beat by a significant margin; the company is growing, and that revenue strength is why the stock rebounded after dropping sharply on the report.
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Verified InvestingPublished Oct 13 · 1 passage
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JP Morgan Chase initially dropping sharply after they announced a miss on earnings. They made $5.75 versus 594 expected, but their revenue their revenue beat by a significant margin.
So again, revenue was good. The company's growing and that's why it rebounded.
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