JPMorgan Chase’s BIG Earnings Surprise As Net Interest Margins Skyrocket! (Thanks Fed!)

In a day of wonderful earnings reports, one notable leader is JP Morgan Chase with a 9% surprise in Earnings Per Share (EPS).

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Like other banks, JP Morgan Chase’s net interest margin and interest income are soaring!

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Of course, recent Fed activities have lowered the short rate (deposit rates) relative to longer-term asset yields.

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Life is so good in America, particularly for banks!

 

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