- JPMorgan Chase reports second-quarter profit of $6.5 billion or $1.60 a share.
- Net revenue comes in at $26.0 billion.
- The consensus estimate among analysts was EPS of $1.44 on revenues of $24.84 billion.
Savings and other benefits would be "significantly more" than the $30 billion estimates some have floated, Sprint CEO Marcelo Claure said.
The struggling automaker is not the only giant company in need of an experienced technology leader at the top.
The investment bank has benefited from Gorman's streamlining initiative, which included cutting 25% of the fixed-income trading unit's staff in 2016.
New Alliance Bernstein CEO Seth Bernstein and executives of major shareholder AXA have indicated they're inclined to keep former chief Peter Kraus's strategies, despite his unceremonious dismissal.