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JPMorgan profit tops estimates, equity revenue surge offsets stock slide

The bank posted record equity-markets revenue and raised its outlook for net interest income, but the shares fell after the results.

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JPMorgan reported a profit that beat analysts' expectations by the largest margin in at least five years, but its stock was still marked lower following the announcement, according to MarketWatch.

The outlet attributed the strength in results to a surge in equity-markets revenue, alongside record figures, which helped offset investor reaction despite the company clearing expectations.

MarketWatch also said JPMorgan set out a raised outlook for net interest income, reflecting improved expectations for a key earnings driver going forward.

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