Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries JPMorgan profit rises on interest income boost By: FOX Business October 13, 2023 at 07:06 AM EDT 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.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.The Federal Reserve's interest-rate increases have bolstered banks' net interest income (NII), 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. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
JPMorgan profit rises on interest income boost By: FOX Business October 13, 2023 at 07:06 AM EDT 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.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.The Federal Reserve's interest-rate increases have bolstered banks' net interest income (NII), 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.