Key facts
- JPMorgan Chase's third-quarter profit rose to $15.3 billion.
- The bank reported earnings per share of $5.57 for the three months ended September 30.
- This represents an increase from $14.4 billion, or $5.07 per share, in the prior year's third quarter.
- Growth in investment banking and trading boosted the bank's profit.
JPMorgan Chase's profit saw an increase in the third quarter, primarily due to robust performance in its investment banking and trading operations. The US banking giant announced on Tuesday that its net income for the three months ending September 30 reached $15.3 billion, or $5.57 per share. This figure compares to the $14.4 billion, or $5.07 per share, recorded in the same period of the previous year. The results were reported by Manya Saini in Bengaluru and Nupur Anand in New York, with editing by Saumyadeb Chakrabarty.