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J.P. Morgan Chase's stock gains; strong markets performance leads to another revenue beat

Shares of J.P. Morgan Chase & Co. JPM, +0.43% rose 0.6% in premarket trade Friday, after better-than-expected second-quarter corporate & funding bank (CIB) earnings helped the banking large extend its streak of quarterly general earnings beats to 11. Total earnings rose 6% from a 12 months ago to $28.4 billion, beating the FactSet consensus of $27.56 billion, as CIB earnings enlargement to $nine.92 billion from $eight.93 billion was well above expectations of $nine.30 billion. Within CIB, markets earnings rose 13%, with fixed income earnings up 12% to $3.5 billion and equity markets earnings up 24% to $2.0 billion. Separately, client & neighborhood banking earnings rose to $12.5 billion from $11.4 billion, but fell shy of the FactSet consensus of $12.6 billion, while commercial banking earnings rose 11% to $2.3 billion, above expectations of $1.eight billion. Separately, earnings rose to $eight.3 billion, or $2.29 a share, from $7.0 billion, or $1.82 a share, to most sensible the FactSet consensus of $2.22 a share. The inventory has misplaced 0.1% 12 months to date via Thursday, while the Dow Jones Industrial Average DJIA, +0.91% has edged up 0.eight%.