Summary
JPMorgan Chase & Co. reported its second quarter 2011 financial results on July 14, 2011, showcasing a notable increase in profitability compared to the prior year. The firm announced a net income of $5.4 billion, translating to $1.27 per share, an improvement from the $4.8 billion or $1.09 per share reported in the second quarter of 2010. This demonstrates continued earnings growth and operational strength during a period of economic uncertainty.
Key Highlights
- 1Second quarter 2011 net income was $5.4 billion.
- 2Second quarter 2011 earnings per share (EPS) was $1.27.
- 3This represents an increase from $4.8 billion in net income in Q2 2010.
- 4Q2 2010 EPS was $1.09, indicating improved profitability year-over-year.
- 5The company filed an 8-K report on July 13, 2011, announcing these results.
- 6The earnings release and a financial supplement are attached as exhibits.