JPMorgan Chase beats EPS consensus by wide margin as it releases another $2.1 billion of loan loss reserves

Published: Oct. 13, 2021 astatine 7:07 a.m. ET

JPMorgan Chase & Co. connected Wednesday said its third-quarter nett income accrued to $11.69 billion, oregon $3.74 a share, from $9.44 billion, oregon $2.92 a share, successful the year-ago period. Revenue accrued to $29.65 cardinal from $29.3 cardinal portion nett gross managed accrued to $30.44 cardinal from $29.94 billion. Net involvement income accrued by 1% to $13.2 billion. The net included recognition reserve releases of $2.1 billion. Analysts expected the slope to gain $3 a stock connected gross of $29.79 billion, with nett involvement income of $13.1 billion, according to a FactSet survey. Chairman and CEO Jamie Dimon said the results were...