BTCC / BTCC Square / Global Cryptocurrency /
JPMorgan Stock Drops Despite Earnings Beat Amid Profit Decline and Apple Deal Costs

JPMorgan Stock Drops Despite Earnings Beat Amid Profit Decline and Apple Deal Costs

Published:
2026-01-14 12:54:02
17
2
BTCCSquare news:

JPMorgan Chase shares fell 4.2% despite reporting adjusted earnings of $5.23 per share, surpassing analyst estimates of $4.86. Revenue reached $46.77 billion, exceeding expectations of $46.25 billion. The decline was attributed to a 7% year-over-year profit drop, weaker investment banking fees, and a $2.2 billion credit reserve for the Apple credit card portfolio acquisition, which cost 60 cents per share.

CEO Jamie Dimon criticized the Justice Department's subpoena of Fed Chair Jerome Powell, warning of potential risks to monetary policy independence. The market reaction highlights investor concerns over profitability headwinds and regulatory pressures, even as the bank outperforms top-line expectations.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

All articles reposted on this platform are sourced from public networks and are intended solely for the purpose of disseminating industry information. They do not represent any official stance of BTCC. All intellectual property rights belong to their original authors. If you believe any content infringes upon your rights or is suspected of copyright violation, please contact us at [email protected]. We will address the matter promptly and in accordance with applicable laws.BTCC makes no explicit or implied warranties regarding the accuracy, timeliness, or completeness of the republished information and assumes no direct or indirect liability for any consequences arising from reliance on such content. All materials are provided for industry research reference only and shall not be construed as investment, legal, or business advice. BTCC bears no legal responsibility for any actions taken based on the content provided herein.