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Benzinga
Benzinga
Business
Avi Kapoor

JPMorgan Analysts Boost Their Forecasts Following Upbeat Earnings

JPM JPMorgan JPMorgan Chase
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JPMorgan Chase & Co. (NYSE:JPM) reported upbeat third-quarter results on Tuesday.

The company posted quarterly net income of $14.4 billion, or $5.07 per share, up 12% year over year, beating the $4.84 analyst estimate as sales of $47.12 billion topped expectations of $45.39 billion. Managed revenue rose 9% to $47.12 billion, while reported revenue totaled $46.4 billion.

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