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JPM
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JPMorgan Chase on Tuesday topped analysts' estimates for the third quarter as trading and investment banking generated about $700 million more revenue than expected.
Here's what the company reported:
Earnings per share: $5.07 vs. expected $4.84, according to LSEG
Revenue: $47.12 billion vs. expected $45.4 billion, according to LSEG
The bank said in a release that profit jumped 12% to $14.39 billion, or $5.07 per share, from a year earlier. Revenue rose 9% to $47.12 billion.
So far this year, the biggest American banks have benefited under the administration of President Donald Trump.
They've reaped higher trading revenue as upheaval from his policies has roiled markets around the world, forcing in