Inside JPMorgan's Earnings Report

Inside JPMorgan's Earnings Report

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Business

University

Hard

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JP Morgan, the largest U.S. bank by assets, exceeded analyst expectations in earnings and revenue. Despite a slight decline in net income compared to the previous year, the bank showed resilience with a 2% revenue increase, driven by significant gains in fixed income and equity trading. The bank's performance was analyzed in the context of low interest rates and the potential impact of Brexit. CEO Jamie Dimon had advocated for the UK to remain in the EU, highlighting the importance of the UK market to JP Morgan's revenue. Despite concerns, the bank believes Brexit will affect the UK's GDP but not significantly impact its business operations.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was JP Morgan's reported net income, and how did it compare to the previous year?

5.8 billion, slightly higher than last year

6.2 billion, slightly lower than last year

5.8 billion, slightly lower than last year

6.2 billion, slightly higher than last year

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which area of trading saw a 35% increase for JP Morgan in the quarter?

Equity trading

Fixed income trading

Corporate banking

Asset management

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much did JP Morgan make from equity trading in the quarter?

3 billion

2 billion

4 billion

1.5 billion

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why was JP Morgan's CEO campaigning for the UK to stay in the EU?

To increase JP Morgan's revenue in the UK

Because JP Morgan generates significant revenue in Britain

To reduce the impact of low interest rates

To improve the bank's asset management performance

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected impact of Brexit on JP Morgan's business according to its executives?

Significant impact on the bank's business

No impact on the bank's business

Impact on the UK GDP but not much on the bank's business

Positive impact on the bank's business