JPMorgan Chase beat expectations on Tuesday, as the bank released its third-quarter results, posting $2.68 earnings per share, beating the expected $2.56 from Wall Street analyst estimates from Bloomberg.
The CEO said the company was resilient “despite a more challenging interest rate backdrop.”
CEO Jamie Dimon said: “In the US economy, GDP growth has slowed slightly. The consumer remains healthy with growth in wages and spending, combined with strong balance sheets and low unemployment levels. This is being offset by weakening business sentiment and capital expenditures mostly driven by increasingly complex geopolitical risks, including tensions in global trade. “