Saturday, 14 October 2023

JPM Earnings: All you need to know about JPMorgan’s Q3 2023 earnings results

by Rose White

JPMorgan Chase & Co. (NYSE: JPM) reported third quarter 2023 earnings results today.

JPM Earnings: All you need to know about JPMorgan’s Q3 2023 earnings results

Reported net revenue increased 22% year-over-year to $39.8 billion. Managed net revenue rose 21% to $40.7 billion.

Net income grew 35% to $13.2 billion while EPS rose 39% to $4.33 compared to last year.

Both revenue and earnings beat expectations.

Average loans were up 17% while average deposits were down 4% in the quarter.

The stock was up slightly in premarket hours on Friday.  

Prior performance

The post JPM Earnings: All you need to know about JPMorgan’s Q3 2023 earnings results first appeared on AlphaStreet.

signup-banner

Loading