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JPMorgan profit beats estimates on investment-banking strength, shares jump
JPMorgan Chase shares rose 5% following strong Q3 earnings driven by investment banking and interest payments. Net interest income grew 3%, and investment-banking fees surged 31%. CEO Jamie Dimon highlighted geopolitical risks. Provisions for credit losses increased to $3.11 billion amid rising lending.
JPMorgan Chase shares rose 5% following strong Q3 earnings driven by investment banking and interest payments. Net interest income grew 3%, and investment-banking fees surged 31%. CEO Jamie Dimon highlighted geopolitical risks. Provisions for credit losses increased to $3.11 billion amid rising lending.
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