Investing.com - JP Morgan reported better than expected first quarter earnings on Wednesday thanks to growth in loans from consumer business, although revenue came in below consensus.
Specifically, the bank reported earnings per share (EPS) of $1.35 with revenue of $24.1 billion.
Analysts had expected an EPS of $1.26 with revenue of $24.79 billion.
Shares in JPMorgan Chase & Co (NYSE:JPM) gained 1.89% to $60.40 in the pre-market immediately after the report.
The report kicked off the earnings season for the U.S. financial sector where experts expect a 9.2% decline in earnings and a 0.2% rise in sales.
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