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JPMorgan Chase’s 3Q Earnings Crushed Analysts’ Estimates

Andrew Brunton
JPMorgan Chase’s 3Q Earnings Crushed Analysts’ Estimates

JPMorgan Chase (JPM) reported better-than-expected third-quarter bottom-line results due to increased interest income and the lower effective tax rate. JPMorgan Chase reported an upbeat performance for the third consecutive quarter. The company beat analysts’ estimates in 13 of the last 14 quarters with an average positive surprise of ~8%.