JPMorgan Posts Rare Profit Miss
JPMorgan Chase missed quarterly profit estimates for the first time in nearly three years. Slowing dealmaking and reduced bond trading impacted results. Net interest income still rose.
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JPMorgan Chase & Co posted a profit of $5.57 per share for the three months ended September 30, missing analyst estimates of $5.85 per share. It was the banking giant's first profit miss since late 2023. The miss stemmed from softer dealmaking and a 4% decline in fixed-income trading revenue amid market volatility.
