The nation’s second-largest bank by assets said third-quarter income rose 23% to $4.4 billion, or $1.01 a share. While investment and retail banking revenue slipped, JPMorgan was able to set aside less money to cover bad loans, which accounted for the better-than-expected earnings in the quarter.
Continue reading JPMorgan Chase Earnings Beat Estimates on Lower Loss Provisions
JPMorgan Chase Earnings Beat Estimates on Lower Loss Provisions originally appeared on DailyFinance on Wed, 13 Oct 2010 08:45:00.
Filed Under: Company News, Investing, Earnings, JP Morgan Chase