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JPMorgan Chase’s 3Q Revenues Beat the Estimates

Andrew Brunton
JPMorgan Chase’s 3Q Revenues Beat the Estimates

JPMorgan Chase’s (JPM) third-quarter revenues of $27.82 billion beat analysts’ estimate of $27.5 billion and improved 5.2% YoY. However, JPMorgan Chase’s revenues declined ~2% sequentially. JPMorgan Chase mainly benefited from loan book expansion, which resulted in net interest income growth of 7% and non-interest income growth of 3%. In line with the expectations, the bank’s revenues declined sequentially due to weaker trading revenues.