15.01.2015 - Reporting JP Morgan Chase & Co. disappointed investors
The stock price of JP Morgan Chase & Co. suffered from the publication of the report for the 4th quarter of last year. Thus, the company's profit for the period fell by 6.6%. The company's profit totaled 4.93 billion, or $ 1.19 per share, from 5.28 billion dollars or 1.30 dollars per share. Analysts forecasted earnings growth to $ 1.31 per share. The reason for the deterioration of indicators have become high credit reserves. Loan losses totaled 840 million dollars against 104 million in the same period of the previous year. The financial sector remains under the pressure of concerns of investors about the growth on global stock markets and we do not recommend buying shares of the company in the medium term.