JPMorgan's Q3 Profit Rises on Investment Banking
The bank said client activity lifted fees and markets revenue, while net interest income excluding markets rose 6% to $24.7 billion.
- On Tuesday, JPMorgan Chase reported third-quarter net income of $15.3 billion, or $5.57 per share, missing analyst expectations of $5.85 per share for the first time in nearly three years.
- Market volatility and an uncertain economic outlook dampened dealmaking in recent months, reducing bond market trading activity even as the markets division revenue climbed 15%.
- Investment banking fees rose 14% year-over-year, though CEO Jamie Dimon said fees declined 8% versus the second quarter, stating "Investment banking fees each rose at a mid-teens rate."
- Shares reversed early losses to trade up 0.8% after falling nearly 3% following the report, while net interest income, excluding markets, increased 6% in the quarter to $24.7 billion.
- For 2027, the bank forecast net interest income, excluding markets, of about $107 billion on a preliminary basis, and expects interest income for this year to reach roughly $106.2 billion.
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22 Articles
JPMorgan Chase & Co. Q3 Earnings Call Highlights
JPMorgan Chase & Co. (NYSE:JPM) reported third-quarter 2026 net income of $15.3 billion, or $5.57 per share, with a return on tangible common equity of 20%, as strength in consumer banking, investment banking and asset management helped lift revenue. Revenue rose 8% from a year earlier to $50.9
Reformatorisch Dagblad
welingelichtekringen.nlThe New York stock markets opened mixed on Tuesday. Attention was focused primarily on the results of major American banks. JP Morgan Chase, the largest bank in the United States, saw profits rise last quarter thanks to strong results from the corporate division and trading in stocks and bonds. Revenue, however, was disappointing. Despite this, the stock gained 2.5 percent.
JPMorgan's profit rises on investment banking, trading strength
JPMorgan Chase & Co., the largest bank in the United States in terms of assets, increased net profits by 6 per cent in the third quarter of 2026.
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