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Earnings

Home›Earnings›Results›JPMorgan Q3 revenue rises, but adjusted earnings fall…

JPMorgan Q3 revenue rises, but adjusted earnings fall short

JPMorgan reported Q3 revenue of $50.9 billion, up 8.1%, while adjusted earnings missed estimates as investment banking activity cooled.

Reported · Written up by our desk · Results

JPMorgan reported Q3 revenue of $50.9 billion, up 8.1% from the prior year, according to MarketBeat Ratings. The outlet said the increase reflected broad-based growth in both loans and deposits.

MarketBeat Ratings added that JPMorgan’s adjusted earnings missed analyst estimates. The miss was attributed to an investment banking slowdown and reduced buybacks, even as loan and deposit momentum remained positive.

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Sources

MarketBeat RatingsJPMorgan Earnings Miss Estimates But Reveal Broad-Based Strength

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