The bank’s revenues recorded $43.32 billion during the third quarter, more than expectations of $41.63 billion.
The largest US bank has thrived due to the high interest rate environment, setting net income records since the bank started Federal Reserve To raise interest rates in 2022.
And he said JP Morgan Profits decreased by 2 percent from the same period of the previous year to $12.9 billion, while revenues increased by 6 percent to $43.32 billion.
Net interest income rose 3 percent to $23.5 billion, beating Street Account estimates of $22.73 billion, thanks to gains from investments in securities and loan growth in its credit card business.
CEO Jamie Dimon praised the company’s quarterly results in a statement, while also addressing regulators’ efforts to force banks to hold more capital and expressing concern about rising geopolitical risks, saying conditions are “treacherous and getting worse.”
Last month, JP Morgan lowered its forecasts for net interest income and expenses for 2025.
Since the beginning of the year, JPMorgan Chase shares have risen by 25 percent.
