JPMorgan Posts Rare Profit Miss as Dealmaking, Bond Trading Lose Momentum
Jamie Dimon said risks remain under the surface as the bank posted third-quarter results that missed analyst forecasts.
- On Tuesday, JPMorgan CEO Jamie Dimon reported third-quarter earnings and revenue that missed analyst forecasts, though shares recovered to trade 1% higher in premarket activity.
- Wells Fargo also fell short of third-quarter revenue expectations, kicking off a bank earnings season where profits are expected to rise close to 30% year over year.
- South Korea's Kospi tumbled 5.5% to its weakest close since July 31, pressuring memory stocks and pulling the Nasdaq Composite lower despite the Dow Jones Industrial Average climbing more than 195 points.
- European markets advanced Tuesday, with the European Stoxx up 0.7% and London's FTSE adding 0.8%, while investors awaited earnings reports from Goldman Sachs and Citigroup.
- Chief market strategist at Ameriprise Anthony Saglimbene noted that banks and energy companies will shape investor interpretation of earnings season, with September inflation data and Federal Reserve official remarks pending.
21 Articles
21 Articles
Dimon warns of risks 'under the surface' as JP Morgan earnings miss
JP Morgan boss Jamie Dimon has warned of a broad set of economic risks “under the surface” as the Wall Street bank’s earnings missed expectations in the third quarter. The US banking giant reported $50.9bn (£38.4bn) in revenue for its latest three month period, up eight per cent year-on-year. But this undershot the $51.2bn forecast [...]
J.P. Morgan frustrated the market participants' estimates by recording a net profit of $15.31 billion in the third quarter, the equivalent of $5.57 per share. With adjustments, the net gain per share stood at $5.75, below the expectations of analysts heard by FactSet, who pointed to a profit of $5.93 per share in the quarter closed in September. As a result, J.P. Morgan's shares fell 2.93% in the pre-market in New York. Exclusive material for su…
JPMorgan Chase reports net profit of $15.31 billion in the third quarter, but is below estimates; shares fall 2.8% in the pre-market. In the first nine months of 2026, JPMorgan Chase's accumulated net profit amounted to about $52.95 billion.
JP Morgan's recently released third-quarter earnings report fell short of market expectations in terms of both revenue and earnings per share. The stock market reacted accordingly, with its share price down 3.7% in pre-market trading.
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