Read more
11:17 AM · 14 April 2020

BREAKING: JPMorgan reports massive jump in provisions for credit losses

-
-
Open account Download free app

JPMorgan (JPM.US) was the first major US bank to report earnings for Q1 2020. The Bank reported EPS of $0.78 against $2.65 in Q1 2019 (-70.5% YoY). Provisions for credit losses jumped to $8.29 billion (+339% YoY). On the hand, revenue from fixed income and equities trading exceeded expectations and reached $4.99 and $2.24 billion, respectively. The Bank also stressed that it has a strong liquidity position, hinting that it may expect more troubles in the quarters ahead.

 

 

JPMorgan's provisions for loan losses almost exceed the financial crisis peak in Q1 2020! Source: Bloomberg, XTB Research

6 March 2026, 6:49 PM

Boeing gains amid news about potential huge 737 MAX order from China 📈

6 March 2026, 4:17 PM

Wall Street tries to stop the deeper decline 🗽Marvell Technology jumps 10%

6 March 2026, 1:26 PM

RyanAir shares under pressure amid Middle East conflict 📉

5 March 2026, 12:50 PM

Stock of the Week: Broadcom Driven by AI Sets Records

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits