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JPMorgan Chase posted third quarter results that topped estimates for profit and revenue as the company generated more interest income than expected.

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Reuters

United Kingdom

JPMorgan profit drops as loan loss provisions eclipse investment banking

JPMorgan Chase's profit dropped in the third quarter as a bigger provision for potential loan defaults offset gains from investment banking, the bank said on Friday.

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JPMorgan says its net income fell to $12.9 billion in the third quarter from $13.2 billion a year ago. Earnings of $4.37 per share did, however, beat Wall Street analysts’

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JPMorgan sets aside more money for potential bad loans but says consumers are on 'solid footing'

JPMorgan says its net income fell to $12.9 billion in the third quarter from $13.2 billion a year ago

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JPMorgan net income falls as bank sets aside more money to cover potential bad loans

NEW YORK, Oct. 11 (Xinhua) -- U.S. banking giant JPMorgan's net income fell 2 percent in the third quarter as it had to set aside more money to cover bad loans, but the results topped Wall Street estimates and shares rose in morning trading, The Associated Press (AP) reported on Friday. Read full story

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JPMorgan sets aside more money for potential bad loans: AP

JPMorgan Chase's profit dropped in the third quarter as it built up provisions for potential loan defaults, the bank said today.

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JPMorgan profit down on bigger provisions for loan losses

NEW YORK (AP) — JPMorgan on Friday reported that its net income fell 2% in the third quarter as the bank had to set aside more money to cover bad […]

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JPMorgan Chase &amp; Co. reported a surprise gain in net interest income for the third quarter and raised its forecast for the key revenue source, even amid expectations that US interest rates will continue to fall.

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JPMorgan Posts Surprise NII Gain as Investment Bank Beats

JPMorgan on Friday reported that its net income fell 2% in the third quarter as the bank had to set aside more money to cover bad loans.Net income fell to $12.9 billion from $13.2 billion in the year-ago quarter. However, the New York bank’s earnings per share rose to $4.37 from $4.33 because there are fewer outstanding shares in the latest quarter. That beat Wall Street analysts’ forecasts, which called for a profit of $3.99 a share, according …

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NEW YORK (AP) — JPMorgan on Friday reported that its net income fell 2% in the third quarter as the bank had to set aside more money to cover bad loans. Net income fell to $12.9 billion from $13.2 billion in the year-ago quarter. However, the New York bank’s earnings per share rose to $4.37 from $4.33 because there are fewer outstanding shares in the latest quarter. That beat Wall Street analysts’ forecasts, which called for a profit of $3.99 a …

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JPMorgan Chase tops estimates for profit and revenue on better-than-expected interest income

JPMorgan Chase tops estimates for profit and revenue on better-than-expected interest income

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