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JP Morgan Stock: Another Earnings Beat On The Cards? - JPMorgan Chase & Co.

JPMorgan Chase & Co will report its Q2 2017 earnings on Friday before the market opens.

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JP Morgan Chase & Co. (NYSE:JPM) stock, like other banking stocks, had broken out after the November elections on the hopes that deregulation and tax cuts under the Trump administration would generate higher profits. However, there has been no action on this front till now, and given the deadlock on Capitol Hill, tax cuts and deregulation are not likely to happen anytime soon. The Treasury Department did release a report which advocated changes in the Dodd-Frank Act which could free up billions of dollars of bank capital and improve their profitability. The receding optimism around policy action has kept a check on JP Morgan stock since March this year.

JP Morgan will report its Q2 2017 earnings on Friday before the market opens. Analysts expect JPMorgan Chase to report earnings of $1.59 per share, up four cents from the same quarter last year, on revenue of $25.02 billion. Revenue estimate represents a marginal decline of...


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