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JPMorgan lifts interest income forecast after profit beats estimates
- Before the opening bell Tuesday, JPMorgan Chase & Co reported diluted EPS of $5.07 and adjusted revenue of $47.12 billion, both exceeding projections.
- A rebound in dealmaking after tariff-induced delays helped lift results following tariff announcements in April, while trade-policy upheaval boosted trading revenue at the markets division to nearly $9 billion.
- The investment banking unit's fees rose 17%, with net revenue reaching $19.88 billion and net income hitting $6.9 billion, as JPMorgan Chase reported.
- CEO Jamie Dimon said provisions for credit losses climbed to $45.4 billion, while group-wide net income rose 12% to $14.4 billion this year.
- Dimon warned of job-market weakness and `complex forces' amid a murkier outlook, signaling a potential stock correction within six months to two years while big banks have benefitted this year.
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15 Articles
15 Articles
JPMorgan Traders, Bankers Crush Estimates for Third-Quarter Haul
JPMorgan Chase & Co. soared past analysts’ estimates for third-quarter trading and investment-banking fees, driven by a pickup in dealmaking and underwriting amid lingering volatility tied to President Donald Trump’s tariffs.
·United States
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Coverage Details
Total News Sources15
Leaning Left1Leaning Right1Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
13%
C 75%
12%
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