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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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JPMorgan Kicks Off Earnings Season With Another Stellar Quarter As Dimon Flags "Heightened Uncertainty"
JPMorgan Kicks Off Earnings Season With Another Stellar Quarter As Dimon Flags "Heightened Uncertainty" And they're off. As is now customary, moments ago JPM reported Q3 earnings officially launching the third quarter earnings season with another batch of impressive results which beat across the board. Starting at the top, JPM reported Q3 revenue which beat by almost $2 billion, thanks to another quarter of stellar FICC and equity sales and trad…
·United States
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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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Total News Sources18
Leaning Left1Leaning Right2Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
C 70%
R 20%
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