moved its earnings announcement up

JPMorgan Chase reported a $702 million profit for its fourth quarter on Thursday, topping forecasts for a quarter expected to be among the toughest in its history.

The bank posted more than $2.8 billion in losses on a range of business, from trading and corporate lending to credit card and mortgage lending as it confronted the worst housing and job markets in decades. Its investment bank was battered by the sharp downturn in the market and rising losses as it struggled to wind down a big securities portfolio.

The firm's profit, which amounts to 7 cents per share, falls far short of the nearly $3 billion, or 86 cents a a share, it earned at the same time last year. But analysts estimated on average that the firm would break even on a per-share basis, according to a survey by Bloomberg News. Revenue fell to $17.2 billion from $17.4 billion.

JPMorgan, which moved its earnings announcement up one week, is the first big bank to release its results in a fourth quarter likely to be steeped in red ink. And yet it is considered by many analysts and industry insiders to be better positioned than its rivals.

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move (CHANGE POSITION) Show phonetics
verb [I or T]
1 to (cause to) change position:
I'm so cold I can't move my fingers.
Will you help me move this table to the back room?
Can we move (= change the time of) the meeting from 2pm to 3.30pm?
Don't move! Stay right where you are.
I thought I could hear someone moving about/around upstairs.
If you move along/over/up (= go further to the side, back or front) a bit, Tess can sit next to me.
Police officers at the scene of the accident were asking passers-by to move along/on (= to go to a different place).
Come on, it's time we were moving (= going to a different place).
Let's stay here tonight, then move on (= continue our journey) tomorrow morning.

2 to change the position of one of the pieces used in a board game:
In chess, the pieces can only move in certain directions.

move Show phonetics
noun
1 [S] an act of moving:
She held the gun to his head and said, "One move and you're dead!"
I hate the way my boss watches my every move (= watches everything I do).

2 [C] in some board games, a change of the position of one of the pieces used to play the game, or a change of position that is permitted by the rules, or a player's turn to move their piece:
It takes a long time to learn all the moves in chess.
It's your move.

movement Show phonetics
noun
1 [C or U] a change of position:
He made a sudden movement and frightened the bird away.
For a long time after the accident, he had no movement in (= was unable to move) his legs.
Her movements were rather clumsy.

2 [C] the part of a clock or watch which turns the narrow pointers that show the time

movements Show phonetics
plural noun
sb's movements what someone is doing during a particular period:
I don't know his movements this week.

mover Show phonetics
noun [C] OLD-FASHIONED
used in descriptions of how someone dances:
He's a great mover.

moving Show phonetics
adjective [before noun]
A moving object is one that moves:
a moving target
moving parts in a machine