JPMorgan Chase (JPM) Q4 Earnings Surprise Driven by Lower Costs and Provisions

JPMorgan Chase & Co. (NYSE:JPM) ranks among the biggest publicly traded asset managers. In response to JPMorgan Chase & Co. (NYSE:JPM)’s fourth-quarter earnings announcement, TD Cowen reaffirmed its Buy rating and $400 price target for the company on January 14. JPMorgan Chase & Co. (NYSE:JPM) reported core earnings per share of $5.23, above both the Street consensus of $4.86 and TD Cowen’s forecast of $5.02. The company’s revenue also topped estimates, reaching $46.77 billion against the predicted $46.25 billion. The earnings surprise was mostly due to reduced costs and lower core provision charge.

Despite the excellent earnings figures, JPMorgan Chase & Co. (NYSE:JPM) shares plummeted 4% following the release, due in part to investment banking revenues falling short of estimates for the quarter. Analyst Steven Alexopoulos described the downturn as “unwarranted,” pointing to a “very constructive backdrop” for investment banking activity and loan growth in 2026.

JPMorgan Chase & Co. (NYSE:JPM) is a multinational financial services company that offers investment banking, in addition to consumer and small-business financial services. It also offers commercial banking, asset management, and financial transaction processing.

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Disclosure: None. This article is originally published at Insider Monkey.