NEW YORK (TheStreet) -- Shares of JPMorgan Chase and Co.
(JPM) are continuing to gain, up 3.72% to $58.38, on heavy volume in early afternoon trading on Tuesday.
The investment banking and financial services company reported its financial results for the 2014 second quarter, showing a decline in earnings per share to $1.46, from $1.60 for the year ago quarter, JPMorgan beat analyst expectations of $1.29 per share.
The company said revenue for the most recent quarter declined 2% from the 2013 second quarter to $25.3 billion this period, but exceeded analyst expectations of $23.76 billion.
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Separately, TheStreet Ratings team rates JPMORGAN CHASE & CO as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate JPMORGAN CHASE & CO (JPM) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
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