October 13, 2026
Article from Yahoo Finance by David Hollerith
Article Synopsis
JPMorgan Chase reported a 6% increase in third-quarter profits to $15.3 billion, but earnings of $5.57 per share fell short of analysts’ expectations. The bank recorded $658 million in securities losses as bond markets faced increased pressure, while revenue from trading and investment banking weakened compared with the previous quarter. CEO Jamie Dimon warned that large government deficits, persistent inflation, rising interest rates, elevated asset prices, and geopolitical tensions pose ongoing risks to the economy despite resilient consumer spending and business investment.
