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Jul 13, 2012 7:30 AM by AP

JPMorgan Chase earns $5B in Q2, beating estimates

NEW YORK (AP) - JPMorgan Chase is reporting net income of $5 billion, or $1.21 per share, for April through June. Analysts surveyed by financial data provider Factset expected 76 cents per share.

The bank says net income was down from $5.4 billion in the same period a year ago.

The bank says second-quarter revenue was $22.9 billion, compared with an estimate of $21.8 billion.

JPMorgan Chase stock is down 26 cents in premarket trading at $33.80.

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