JPMorgan Chase & Co. (NYSE: JPM) delivered a robust third-quarter earnings report on Tuesday, handily beating Wall Street estimates on the back of strong performance in trading and investment banking, along with solid contributions from its consumer and commercial banking segments.
The bank reported net income of $14.39 billion, a 12% increase from the same period last year, translating to earnings per share (EPS) of $5.07 — well ahead of analyst expectations around $4.80. Managed revenue rose 9% to $47.12 billion, while reported revenue reached $46.43 billion.
