JPMorgan Shares Fall in Premarket on 4Q Results

By Will Feuer

Shares of JPMorgan Chase & Co. fell in premarket trading Friday after the bank reported fourth-quarter results.

The company posted net income of $10.4 billion, down from $12.1 billion in the year-ago period. On a per-share basis, earnings were $3.33, topping expectations of $3.01, according to a FactSet poll of analysts.

JPMorgan reported revenue of $29.3 billion, down slightly from the year prior and below the $29.8 billion analysts had expected, according to FactSet. Managed revenue came in at $30.3 billion.

The stock last traded at $162.90 a share, down 3.2% in the premarket. Shares rose 24.6% last year, slightly lagging the S&P 500.

Write to Will Feuer at [e-mail]

(END) Dow Jones Newswires

01-14-22 0739ET