NEW YORK -- JPMorgan's net income fell 2% in the third quarter as the bank had to set aside more money to cover bad loans, but the results topped Wall Street estimates and shares rose.
Banks and other financial giants traditionally kick off each earnings reporting season, and JPMorgan Chase climbed 4.4% after reporting a milder drop in profit than analysts feared. It was the ...
JPMorgan Chase reported a dip in profits on higher costs Friday while still topping expectations as executives described US consumers as healthy and the economy as poised to avoid recession.
The stock market’s bull run officially turns two on Saturday. The S&P 500 is up 61 percent since October 12, 2022, when the index hit its bear-market bottom at 3,577.03.