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Published on Oct 14, 2016
JPMorgan
Chase topped Wall Street's quarterly profit estimates. America's
largest lender enjoyed higher bond-trading revenue after Britain's
decision to leave the European Union, as well as record loan volume. The
bank's profit of $1.58 a share in the three months through September
compared with the $1.39 average estimate from analysts, even as the
bank's net income dropped 8% to $6.29 billion. Revenue of $25.5 billion
topped analysts' projections of $24.3 billion. Bond-trading revenue
climbed 48% to $4.3 billion in the three months through September.
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