JPMorgan Chase Third-Quarter Earnings Far Exceed Expectations
JPMorgan Chase (NYSE: JPM), America's largest bank, blew past analysts' earnings expectations for the third quarter in what is a promising start to bank earnings season.
The bank today reported net income of roughly $9.4 billion, or $2.92 diluted earnings per share, up 4% year over year and doubling second-quarter profits. Although total revenue of $29.1 billion dropped from the second quarter, it also beat expectations and fell just a hair short of total revenue in the year-ago quarter.
Source Fool.com
