Profit was $13.15 billion, or $4.33 per share, for the three months ended Sept. 30. That compares with $9.74 billion, or $3.12 per share, a year earlier.
JPMorgan Chase's profit rose in the third quarter as higher interest rates boosted its income from loans, the bank reported on Friday.
The Federal Reserve's interest-rate increases have bolstered banks' net interest income , or the difference between what they earn on loans and pay out on deposits. JPMorgan's earnings also got a boost from its acquisition of First Republic Bank in May that added around $173 billion of loans to its balance sheet. NII rose 30% to $22.9 billion, the bank said.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Amazon Prime Big Deal Days: Cliganic Castor Oil Is Down to $13Grab it on sale during Fall Prime Day.
Consulte Mais informação »
These easy Halloween costumes with thousands of ratings are all on sale for Amazon’s October Prime DayPrices start at just $13.
Consulte Mais informação »
Toshiba to go private on Dec 20 after successful $13 billion takeover bidToshiba to go private on Dec 20 after successful $13 billion takeover bid
Consulte Mais informação »
India accuses China's Vivo of visa violations, siphoning off $13 blnMany employees of Chinese smartphone maker Vivo and its Indian affiliates concealed their employment when seeking visas, and some breached rules by visiting the 'sensitive' Himalayan region of Jammu and Kashmir, India's financial crime agency has said.
Consulte Mais informação »
This $13 Chilean cabernet proves good wine values still existPlus, an Austrian minerally white and Bulgarian rosé for tasty sips throughout the week.
Consulte Mais informação »