JPMorgan & Goldman Sachs Earnings Exceed All Expectations

15 April 2021

    Wall Street's largest banks -JPMorgan and Goldman Sachs, are both off to an amazing first-quarter earnings season,  thriving against a backdrop of unusually buoyant capital markets.


    JPMorgan reported revenue of nearly 10% ahead of expectations at $33.12 billion, and EPS of nearly 50% ahead of expectations for the three months through March, thanks largely to one-off factors and extraordinary capital markets’ conditions. The bank's cost-income ratio, did, however, rise to 58% from 55% in the final quarter of 2020. 


    It’s wise to note that JPMorgan's numbers were boosted by the release of some $5.2 billion in reserves against possible loan losses that the bank had built at the start of the pandemic. The lender made $1.1 billion of fresh write-offs in the quarter.


    Goldman Sachs has too reported record revenue and earnings for the quarter, with equities markets revenue in particular rising over 68% from a year ago.


    Goldman stock rose 1.8% in premarket trading by 12:10 GMT yesterday, while JPMorgan stock fell 0.6%, reflecting disappointment at the comparatively soft performance of its Main Street lending operations.

    *The products advertised are only available to clients under Fondex Limited Seychelles (SDL No: SD037).


Cookies on Fondex

The Fondex website uses cookies to optimise user experience.

These cookies fall under the following categories: essential, functional and marketing cookies. Marketing cookies may also include third-party cookies.

Manage Preferences

You can customize your selection of which cookies you want to accept.

  • Essential

    These cookies are necessary for the website to function correctly and cannot be switched off.

  • Functional

    Functional cookies allow the website to remember users' preferences and the choices you make on the website such as username, region, and language.

  • Marketing

    These cookies are used to track visitors across our websites and show you more relevant ads. Marketing cookies also include third-party cookies from partners. For more information relating to data protection & collection please view our Privacy Policy and Cookie Disclosure.


The Company would like to inform you that it will terminate its operations under the "Fondex" brand by 30th of December 2022. If you wish to open a trading account, kindly visit