Q2 earnings season officially started just before 7am ET when JPM reported earnings which, as expected, trounced expectations primarily on the back of generous contributions from the First Republican FDIC/taxpayer bailout-cum-gift, which has helped push the bank’s net interest income that much closer to a mindblowing $100 billion.
Here is what JPM reported for Q2: Reported revenue of $41.3BN and Adj. Revenue $42.40BN, both beating consensus est of $39.34BN, both record high This was boosted by a record $21.8 billion in net interest income , but it was the massive $2.7 billion gain from the First Republic taxpayer gift that really sent JPM soaring.
Diluted EPS of $4.75 and Adj. EPS $4.37, both beating estimates of $$4.00
Managed Net Interest Income $21.88B, beating estimates of $21.17B Credit costs of $2.9 billion included a $1.5 billion net reserve build and $1.4 billion of net charge-offs Average loans up 13%; average deposits […]
Read the Whole Article From the Source: www.zerohedge.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
