JPMorgan Chase: Q3 beats consensus
(CercleFinance.com) - JPMorgan Chase has reported Q3 2018 net income that is up 24% at almost 8.
4 billion dollars, or EPS of 2.34 dollars, seven cents above the consensus.
Revenues increased 5% to 27.8 billion dollars, thanks to the increase in interest rates and the growth of loans and deposits, while its non-interest costs increased by 7%, although provisions for credit losses decreased by 35%.
"The U.S. and the global economy continue to show strength, despite increasing economic and geopolitical uncertainties, which at some point in the future may have negative effects on the economy," said Chairman and CEO, Jamie Dimon.
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