Steve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
JPMorgan Chase & Co. on Friday reported a stronger-than-expected third-quarter profit as the bank benefitted from a boost in net interest income and below-normal credit costs.
Chief Executive Jamie Dimon said the bank delivered “solid” results against a difficult macroeconomic backdrop that has worsened in the past week with war breaking out between Hamas and Israel. Looking ahead, the bank said it now expects 2023 net interest income of $88.5 billion and net interest income excluding markets to be $89 billion, up from its earlier estimate of $87 billion from three months ago.
The bank has outperformed its peers on frustrations such as dealing with digital tools and service experiences, he said. JPMorgan Chase’s three major business lines include Consumer & Community Banking, Corporate & Investment Bank, Commercial Bank, Corporate unit and Asset & Wealth Management.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
JPMorgan Chase is set to report third-quarter earnings — here's what the Street expectsJPMorgan will be watched closely for clues on how the industry fared amid surging interest rates and rising loan losses.
Baca lebih lajut »
JPMorgan Chase is set to report third-quarter earnings — here's what the Street expectsJPMorgan will be watched closely for clues on how the industry fared amid surging interest rates and rising loan losses.
Baca lebih lajut »
JPMorgan Chase third-quarter adjusted revenue beats estimatesJPMorgan Chase third-quarter adjusted revenue beats estimates
Baca lebih lajut »
Steve Bannon Rips Steve Scalise as 'Watered-Down' McCarthyBannon, a former Trump adviser, predicted that Scalise's bid for House speaker would fail while alleging that he is a member of the 'D.C. cartel.'
Baca lebih lajut »
35 high school football players suspended after post-game brawlDozens of football players from two Arkansas high schools have been suspended for at least one game because of a fight that broke out after their matchup.
Baca lebih lajut »
35 Kinda Embarrassing (But Useful) Purchases We Can Keep Between UsIf you could sweat through a shirt in an air-conditioned room, this post is for you.
Baca lebih lajut »