JPMorgan's quarterly was laudable, handily beating the analysts' consensus. But, dig down and you'll find a sizable, positive sector reversal in the absence of net losses in investment securities. The swing, over $600 million, accounted for all the quarterly earnings upside.
JPMorgan's quarterly was laudable, handily beating the analysts' consensus. But, dig down and you'll find a sizable, positive sector reversal in the absence of net losses in investment securities. The swing, over $600 million, accounted for all the quarterly earnings upside.
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