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Higher Interest Rates Boost JPMorgan’s Q3 Earnings: Stock Rises

Andrew Brunton
Higher Interest Rates Boost JPMorgan’s Q3 Earnings: Stock Rises

JPMorgan Chase (JPM) stock was ~1.5% higher in pre-market trading today after this largest bank in the United States kicked off its third-quarter earnings on a strong note. It reported overwhelming third-quarter results with its top and bottom lines not only surpassing Wall Street estimates but also marking YoY (year-over-year) improvement.