JPM misses, GS beats: Goldman's equities desk made ~29% more on 37% of JPM's revenue
JPMorgan Chase missed third-quarter estimates Tuesday morning ($5.75 adjusted EPS vs about $5.93 expected) while Goldman Sachs beat big at $17.01.
The stat I keep staring at: Goldman's equities desk made $6.44B vs JPMorgan's $5.0B. That's ~29% more from a bank with 37% of JPMorgan's revenue ($18.7B vs $50.9B).
https://qz.com/jpmorgan-goldman-sachs-bank-earnings-third-quarter-101326
Sources: @DeItaone: Goldman Q3 EPS $17.01 vs $13.02 est, revenue $18.68B, equities revenue $6.44B · @DeItaone: JPMorgan misses Q3 EPS and revenue estimates, shares -2.8% premarket · TipRanks: JPM expected $5.93 EPS on $51.23B revenue; GS expected $12.87 on $16.83B · X story: JPMorgan Misses Estimates as Banks Kick Off Earnings Week
Not financial advice. For informational and educational purposes only.
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