JPMorgan Chase (JPM) has reported third-quarter financial results that beat Wall Street estimates across the board.
The largest bank in America with assets under management of more than $3 trillion U.S., JPMorgan announced earnings per share (EPS) of $4.37 U.S., which beat the $4.01 U.S. a share expected among analysts.
Revenue in the July through September quarter totaled $43.32 billion U.S., which topped consensus forecasts of $41.63 billion U.S.
The lender attributed the strong results to more interest income generated on loans than had been expected.
JPMorgan has posted a series of strong financial results as interest rates have steadily increased since 2022.
However, concerns have been raised in recent weeks about how JPMorgan and other large American banks will fare now that the U.S. Federal Reserve has begun lowering interest rates.
Analysts have speculated that the margins of the big banks will be squeezed as yields on interest-generating assets such as loans decline.
In September, JPMorgan Chase lowered its outlook for 2025, citing diminished expectations for net interest income as the main reason.
JPMorgan is the first of the big U.S. banks that will report Q3 financial results over the next week. The lender is seen as a bellwether for America’s financial services industry.
The stock of JPMorgan Chase has risen 46% over the past 12 months and currently trades at $212.84 U.S. per share.