JPMorgan Profit Rises 24.5 Percent, Helped By Higher Interest Rates
10/12/2018 7:19 AM EST
(Reuters) – JPMorgan Chase & Co reported a 24.5 percent jump in quarterly profit as higher interest rates and gains from tax cuts helped offset weakness in bond trading revenue.
The largest U.S. bank by assets said net income for the third quarter rose to $8.38 billion, or $2.34 per share, from $6.73 billion, or $1.76 per share in the year ago period.
Analysts had expected...
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