JPMorgan's Profit Climbs To $15.3 Billion, But Wall Street Expected More. Its Stock is Up Anyway.

JPMorgan Chairman and CEO Jamie Dimon said the U.S. economy continued to benefit from strong business investment and consumer spending, although several economic risks remained. (Credit: AFP)

JPMorgan Chase reported a 6% increase in third-quarter profit Tuesday, but earnings and revenue fell short of Wall Street expectations as a $658 million loss on investment securities and slower activity in parts of its trading and investment banking businesses weighed on results.

The largest U.S. bank by assets earned $15.31 billion, or $5.57 per share, in the three months ended Sept. 30, compared with $14.39 billion, or $5.07 per share, a year earlier, according to its third-quarter financial results filed with the Securities and Exchange Commission.