Investing.com - JP Morgan Chase (NYSE:JPM), the largest U.S. bank, reported stronger-than-expected second quarter earnings and revenue ahead of Thursday’s opening bell, sending its shares higher in pre-market trade.
JP Morgan said adjusted earnings per share came in at $1.55 in the three months ended June 30, up from $1.54 a share a year earlier and above expectations for adjusted earnings of $1.43 a share.
The bank’s revenue totaled $25.2 billion in the April-to-June quarter, beating estimates for revenue of $24.5 billion.
Traders will now turn their attention to the bank’s conference call due to start at 8:30AM ET.
Following the release of the report, shares in JPM rose $1.53, or 2.42%, in pre-market trade to trade at $64.69 from Wednesday's closing price of $63.16.
Meanwhile, U.S. equity markets pointed to sharp gains at the open. The Dow futures pointed to a rise of 0.75%, the S&P 500 futures tacked on 0.7%, while the Nasdaq 100 futures inched up 0.65%.