JPMorgan Stock Drops After Reporting First-Quarter Earnings

JPMorgan Stock Drops After Reporting First-Quarter Earnings

Shares of JPMorgan Chase fell 4% in premarket trading on Friday after the bank published quarterly earnings.

JPMorgan reported net income of $13.4 billion, or $4.44 a share, on revenue of $42 billion.

Analysts had expected the bank to report earnings per share of $4.17 on revenue of $42 billion, up from $4.10 a share and $38 billion a year ago.