In a day of wonderful earnings reports, one notable leader is JP Morgan Chase with a 9% surprise in Earnings Per Share (EPS).
Like other banks, JP Morgan Chase’s net interest margin and interest income are soaring!
Of course, recent Fed activities have lowered the short rate (deposit rates) relative to longer-term asset yields.
Life is so good in America, particularly for banks!
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.