10/13/2021, 12:50 PM (Source: TeleTrader)
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JPMorgan's Q3 EPS up 28% YoY to $3.74

JPMorgan Chase & Co. unveiled on Wednesday that its diluted earnings per share (EPS) for the third quarter of the fiscal year stood at $3.74 beating market expectations. The better-than-expected figure was 28% higher than the same period last year.

At the same time, the company's revenue net revenue saw a yearly gain of 1% to climb to $29.6 billion. JPMorgan's net income also saw a year-over-year increase, rising 24% to $11.7 billion.

Jamie Dimon, JP Morgan Chairman and CEO, commented on the results: "JPMorgan Chase delivered strong results as the economy continues to show good growth - despite the dampening effect of the Delta variant and supply chain disruptions. We released credit reserves of $2.1 billion, as the economic outlook continues to improve and our scenarios have improved accordingly."

JPMorgan's shares were up 0.15% in premarket trading following the release of the report.

Baha Breaking the News (BBN) / OL