JPMorgan Chase, the largest U.S. bank, reported third-quarter results that far exceeded Wall Street's expectations. On the background of revival of transactions and share placements with continued volatility associated with the trade policy of President Donald Trump, the divisions for trade operations and investment banking brought about $700 million more revenue than forecasted, CNBC writes.

The most active IPO quarter since 2021 helped JPMorgan increase investment banking fees by 16% to $2.63 billion, while revenue from markets operations added 25% to $8.94 billion. Consensus estimates called for growth of 11% and 17%, respectively, Bloomberg reports .

These results surpassed even the bank's own benchmarks announced in early September, the agency notes.

JPMorgan's earnings per share came in at $5.07 versus expectations of $4.8, according to LSEG. Total revenue reached $47.1 billion, which was also better than the market's forecast of $45.4 billion, CNBC compares.

Before the publication of the report, the bank's shares were up about 1.3% on the premarket, at the time of publication of this text they have lost most of the growth and remained in a slight plus.

This article was AI-translated and verified by a human editor

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