Monday June 1, 2020

JPMorgan Chase posts record profit

JPMorgan Chase, the biggest US bank by assets, posted a record third-quarter profit that beat analysts’ estimates as mortgage revenue soared 72 per cent.

12th October, 2012
2
Jamie Dimon, JPMorgan CEO

JPMorgan Chase, the biggest US bank by assets, posted a record third-quarter profit that beat analysts’ estimates as mortgage revenue soared 72 per cent.

Net income rose 34 per cent to $5.71 billion (€4.4 billion), or $1.40 a share, from $4.26 billion (€3.28 billion), or $1.02, a year earlier, the New York-based company said today in a statement.

Earnings, which included a loss on accounting adjustments, beat the average estimate of $1.20 among 30 analysts surveyed by Bloomberg.

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