Reported about 5 hours ago
JPMorgan Chase's profits dropped 2% in the third quarter, totaling $12.9 billion, mainly due to increased provisions for loan losses. Despite this, the bank's investment banking revenue exceeded expectations, rising 29% year-over-year, signaling a potential revival in deal-making. CEO Jamie Dimon noted robust core business performance but expressed caution regarding geopolitical uncertainties and economic challenges.
Source: YAHOO