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J.P. Morgan Chase's stock gains after extending long streak of profit, revenue beats

Shares of J.P. Morgan Chase & Co. JPM, +2.49% rose 0.6% in premarket industry Friday, as the bank persevered its lengthy streak of thrashing benefit and earnings expectations, but this time the bank additionally beat earnings expectations of all of its trade segments. First-quarter earnings per percentage rose to $2.37 from $1.65, above the FactSet consensus of $2.28, to mark the 13th-straight quarter of thrashing EPS expectations. Total earnings rose $28.52 billion from $25.85 billion, topping the FactSet consensus of $27.73 billion, to mark the 10th-straight beat. In the fourth quarter, the banking massive missed the FactSet earnings consensus for its consumer & group banking and corporate & investment bank companies, but this quarter those companies beat expectations, and so did commercial banking and asset & wealth control. The bank did miss e-book worth per percentage, which rose four% to $67.59 when put next with the FactSet consensus of $68.21, but that's not anything new, as it has now missed for 14-straight quarters. The inventory has climbed 6.0% year up to now thru Thursday, while the SPDR Financial Select Sector ETF XLF, +1.75% has slipped 0.1% and the Dow Jones Industrial Average DJIA, +1.21% has misplaced 1.0%.