The largest bank in the United States was surprised at checkout in the first quarter, and its number of registrations was much higher than analysts expected. In the past three months, JPMorgan Chase’s shares have risen 10.0%, Goldman Sachs has risen 8.5%, and Wells Fargo has risen 17.9%.
The three major banks in the United States of America, JP Morgan Chase, Goldman Sachs and Wells Fargo, released their first quarter accounts on Wednesday, and the results were surprisingly optimistic.
Analysts’ estimates are far from being realized. After billions of dollars in reserves were released and profits soared by 400%, this figure became history.
Overall, in the past three months, JP Morgan Chase shares have risen 10.0%, Goldman Sachs has risen 8.5%, and Wells Fargo has risen 17.9%.
With the covid-19 pandemic seriously affecting the world economy, these figures now once again show the path of growth after a sharp slowdown.
In the first half of 2021, the earnings per share of one of the largest banks in the United States reached 18.60 US dollars (15.53 euros). In terms of growth, these figures are an increase of 498% over the same period in 2020.
At the same time, analysts’ forecasts point out that this figure is much lower, especially 10.22 US dollars (8.54 euros).
Also in terms of revenue, the estimated figure is far from the confirmed figure, and there is even a difference of 5.1 billion US dollars (4.3 billion euros). Analysts estimated its total revenue to be 12.6 billion U.S. dollars (10.5 billion euros), while Goldman Sachs reported a profit of 17.7 billion U.S. dollars (14.9 billion euros).
JPMorgan Chase has also divided itself from the expected range. In the first three months of 2021, profits have increased by nearly 400%. The bank’s profit during this period was 14.3 billion U.S. dollars (12 billion euros), which is equivalent to At 450 million U.S. dollars. USD per share (3.8 Euros). Regarding analyst estimates, they pointed to earnings per share of 3.10 US dollars (2.6 euros).
Compared with the same period last year, revenue was much lower, at 2.9 billion euros (2.4 billion euros), or 0.78 cents per share.
As for revenue, they increased by 14% to 33.1 billion US dollars (27.6 billion euros).
Finally, despite being the bank closest to expert estimates, Wells Fargo reported revenue of $18.06 billion (15.08 billion euros) and earnings per share of 1.05 (88 cents), 35 cents higher than expected.
As for the released reserves, the bank has prepared 1.05 billion U.S. dollars (88 million euros).