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).


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


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


Life is so good in America, particularly for banks!


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