JPMorgan Chase recorded a significant rise in third-quarter profits, driven by major deals and initial public offerings that boosted its investment banking. The bank's profits increased to $14.39 billion, equivalent to $5.07 per share, compared to $12.9 billion or $4.37 per share in the prior year.

Despite indicating some signs of economic softening, particularly in job growth, CEO Jamie Dimon reassured that the U.S. economy remains largely resilient. However, he warned of uncertainties stemming from geopolitical complexities, tariffs, trade issues, elevated asset prices, and the risk of persistent inflation.

Investment banking fees surged by 16% at JPMorgan in the last quarter, aligning with strong trading revenue amidst economic uncertainties. As the Federal Reserve maintains interest

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