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DANMARKS STØRSTE INVESTORSITE MED DEBAT, CHAT OG NYHEDER

JPMorgan Earnings Beat Consensus as Global Investment Bank Fees Surge

13/10 12:55


  • (PLX AI) – JPMorgan Q3 net income USD 11,700 million vs. estimate USD 9,000 million.
  • • Q3 net income without the credit reserve release was USD 9,600 million
  • • Q3 EPS USD 3.74 vs. estimate USD 2.97
  • • Q3 reported revenue USD 29,600 million; managed revenue USD 30,400 million
  • • Releases credit reserves of $2.1 billion
  • • Average loans up 5%; average deposits up 19%
  • • Global IB fees were up 52% driven by a surge in M&A activity and our strong performance in IPO