When I Was Away – Part 2
- Intel (INTC): Q4 EPS of $0.40 vs. consensus of $0.10. Revenue of $10.6B (+28%) vs. $10.2B. Gross margin of 65%.
- JPMorgan (JPM): Q4 EPS of $0.74 vs. consensus of $0.87. Revenue of $23.16B vs. $26.8B. Adds $1.9B to consumer loan loss reserves, resulting in firm wide credit reserves of $32.5B and loan loss coverage ratio of 5.5% vs. 4.3% peer average. Charge-off rate down to 8.64% vs. 9.41% in 3Q09.
In short Intel blew out , JP Morgan & Chase (the best managed (full service) bank) better than expected and surprise, surprise stocks fell?