JP Morgan Chase third-quarter earnings top Wall Street estimates

October 12, 2018


J. P. Morgan Chase topped analysts’ expectations for third quarter earnings as better-than-expected retail banking results offset weakness in bond trading.

The bank beat expectations for earnings and revenue: J.P. Morgan reported revenue of $27.8 billion, versus the $27.5 billion average estimate of analysts surveyed by Refinitiv. Earnings per share rose 33 percent to $2.34, beating expectations for $2.25.

Shares of the New York-based bank rose 1.3% in premarket trading.

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