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JPMorgan Chase Blows Away Analysts? Estimates, Lies Beyond Expectations

By Implode-Explode Heavy Industries

"JPMorgan Chase?s earnings report was all sunshine and flowers, the bank reported a drop in net revenue of 8%, which was in line with what Wall Street was expecting. But the bank?s investment banking and fixed income securities trading, both fell in Q2, as compared with Q1. So, where did all that money come from that allowed JPMorgan Chase to report such astonishing quarterly results?"

Full post as published by Mortgage Lender Implode-o-Meter on July 21, 2010 (boomark / email).