JPMorgan, the nation's largest bank, posted a $9.4 billion profit—shattering Wall Street's expectations despite pandemic
revenue of $29.9 billion in the third quarter, only slightly less than the $30 billion reported in the same period last year but more than the $28.4 billion analysts were forecasting.
JPMorgan stock futures ticked up 1.7% within minutes of the announcement; shares closed up 1.2% on Monday but are still down 25% for the year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan, Nation's Largest Bank, Posts $9.4 Billion Profit–Shattering Wall Street Expectations Despite PandemicEven after paying a $1 billion gold spoofing fine, the firm's third-quarter net income was more than double the amount it was in the second quarter.
Read more »
Citigroup Pulls In $3.2 Billion In Profit As Banks Beat ExpectationsThe Wall Street giant beat revenue expectations in the third quarter after agreeing last week to pay a $400 million penalty to regulators.
Read more »
What to Expect for Bank Earnings: A Bad Quarter, but Not as Bad as BeforeThe U.S. economy is settling in for a lengthy recovery. Earnings from the largest banks are expected to make that clear.
Read more »
Apple and Amazon drive rally on Wall StreetWall Street ended sharply higher on Monday, fueled by expectations of a coronavirus relief package and by a rally in Amazon, Apple and other technology stocks ahead quarterly earnings season.
Read more »
JPMorgan Profit Rises 4%, A Surprising Show of Coronavirus ResilienceJPMorgan, the largest bank in the U.S. by assets, set aside just $611 million for potential future loan losses, compared with $10.47 billion in the previous quarter
Read more »
JPMorgan Chase reported third-quarter earnings – here are the numbersJPMorgan, the biggest U.S. bank by assets, is also the first major lender to report earnings.
Read more »