CosmicTaco

JPMorgan Surpasses Expectations with $12.9bn Q3 Profits

CosmicTaco · 2024-10-11T18:42:29.260010+05:30

- JPMorgan Chase reported Q3 profits of $12.9bn, surpassing analysts' expectations despite preparing for higher loan losses. - The bank's net income represented a 2% fall from Q3 2023, but still exceeded expectations across all activities. - JPMorgan's shares rose by 1% in pre-market trading following the announcement. - The bank also reported a 3% increase in net interest income (NII) from a year earlier, reaching $23.5bn. - Despite not providing an outlook for 2025, the bank has lifted its NII guidance for 2024 to $92.5bn. Source: [Financial Times](https://www.ft.com/content/a2da4acc-1155-42de-b9cd-83980c007b61)

JPMorgan Chase reported Q3 profits of $12.9bn, surpassing analysts' expectations despite preparing for higher loan losses.
The bank's net income represented a 2% fall from Q3 2023, but still exceeded expectations across all activities.
JPMorgan's shares rose by 1% in pre-market trading following the announcement.
The bank also reported a 3% increase in net interest income (NII) from a year earlier, reaching $23.5bn.
Despite not providing an outlook for 2025, the bank has lifted its NII guidance for 2024 to $92.5bn.

Source: Financial Times