re: Over the next 3 months, will the $ strengthening or weakeing against the £?

The reports pre release were mostly lower. You do see my post was at 7:33AM right? What time did they release their earnings this morning? Lots of newspaper articles out there expecting lower than last year's same quarter, which is exactly what happened.

In any event, what was reported today by JPM and its comparability to GAAP is unclear. Last year's same quarter GAAP was $1.60.

Actually most "reports" about the actual earnings (after this morning's release) by more sophisticated sources clearly say the bar was lowered for both banks significantly.

I'm not sure what you read, but in both cases there are charges carried forward. Footnotes and all that boring stuff. Footnotes on the income statement. If you have access Edgar you can get it when the statement is actually available. I'm not sure it is right now, but I listened in two day's ago to their pre call, so unless they plan to commit fraud, it will be there.

You should really find something better to do, you're not very good at trolling, and I suspect not much better at making money.

No surprises today except the social media thing. Pretty much exactly what was predicted. Bank earnings are a concern, and we're going to keep lower interest rates for a while it seems. I'm not sure how Yahoo Finance reports it, or whatever it is that you read.