JPMorgan Reports Q2 Miss
<p><a href='https://financialmodelingprep.com/financial-summary/JPM'>JPMorgan Chase & Co. (NYSE:JPM)</a> reported its Q2 results, with EPS of $2.76 coming in worse than the Street estimate of $2.94. Revenue was $31.6 billion, compared to the Street estimate of $31.82 billion.</p>
<p>While the company's traditional banking businesses performed well during the quarter, its capital markets businesses, particularly investment banking, experienced difficulties. </p>
<p>The company posted strong net interest income growth, loan growth and credit quality. However, the company put its share buyback on hold as a result of expected increases in its regulatory capital requirements. The analysts lowered their price target on the company’s shares to $130 from $155, while reiterating their outperform rating. </p>

NYSE:JPM