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J. P. Morgan Chase surpassed analysts' expectations regarding third quarter results on Friday, as the results of retail banking activities, better than expected, offset weakness in bond trading.
The bank exceeded expectations in terms of revenue and revenue: J.P. Morgan reported revenue of $ 27.8 billion, compared to an average estimate of $ 27.5 billion from analysts surveyed by Refinitiv. Earnings per share rose 33% to $ 2.34, exceeding expectations of $ 2.25.
The shares of the New York bank rose by 1.3% in pre-commercialization.
Profits from the bank's largest division, the consumer bank, jumped 60% to $ 4.09 billion, driven by growth in deposits and interest rates, which led to a interest income. The company's net interest margin of 2.51 percentage points slightly exceeded the estimate of 2.50 and increased by 5 basis points over the previous quarter, showing that the bank still capitalizes on interest rates.
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