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JPMorgan Chase third-quarter profit rises but misses expectations
Net income totaled $15.4 billion, and the miss was tied to a slowdown in the bank's fixed income trading division.
JPMorgan Chase reported a rise in its third-quarter profit, but the results missed market expectations, according to Guardian Business.
The biggest US bank said net income landed at $15.4 billion, while the shortfall was linked to a slowdown in its fixed income trading division.
Guardian Business also cited broader coverage of the day’s financial developments, including Goldman Sachs posting an earnings beat and commentary from the FCA and travel and insurance industry sources.
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