14.07.2016 - Shares of J.P Morgan Chase & Co will rise after a strong quarterly report
In J.P Morgan Chase & Co published a report for the second quarter of this year, which pleased investors. Thus, revenue rose unexpectedly due to an increase in the trading business, as well as by a decline in costs. It is worth noting that the risk to the company's shares is a negative impact of the results of the referendum on the issue of exit the UK from the EU. The bank's profit totaled 6.2 billion dollars against 6.29 billion dollars in the same period last year. Revenues in the same period increased by 2.4% to 24.38 billion dollars. Revenues from trading operations increased by 23% to 5.56 billion dollars. We forecast growth stocks in the near future 12-15%, but for the medium-term growth risks remain high.