5 years ago4 views
JP Morgan Chase said its fourth quarter earnings came in at $1.30 per share, which missed estimates by $0.05. The bank blamed the miss on the $2.6 billion it paid in settlements linked to the Bernie Madoff scandal. Excluding the Madoff settlement and other one-time items, earnings came in at $1.40 a share. Revenue was down 1% from last year at $24.11 billion, but beat estimates of $23.68 billion.