JPMorgan profits surge as bank cashes in on boom – Business News
JPMorgan Chase reported a 12% leap in profits Tuesday as the Wall Street giant raked in billions from a wave of offers and trades pushed by Donald Trump’s tariffs and loosened rules.
The US’s greatest bank’s third-quarter income rose 9% to $47.12 billion, fueling earnings per share of $5.07 — blowing previous analysts forecasts tallied by the London Stock Exchange Group, which predicted revenues of $45.4 billion and earnings per share of $4.48.
The bank’s 69-year-old CEO Jamie Dimon pointed to the firm’s investment banking unit, which took in $2.6 billion in charges, up 16% from the identical period final yr, in a signal that executives are feeling more optimistic about dealmaking almost one yr after Trump’s election win.
CEO Dimon pointed to the robust efficiency of the firm’s investment banking and trading divisions. AP
He additionally hailed a “record third-quarter” for its trading division, which reaped almost $9 billion as buyers rearrange their portfolios amid the White House’s bid to reshape America’s industrial relationships all over the world.
That determine was up 25% from the identical period in 2024.
“We think this will lead the momentum for the rest of 2025 and into 2026, in our view. The standout performance came from the capital markets businesses,” Kenneth Leon, director of equity analysis at CFRA Research.
The veteran chief government, in the highest job for almost 20 years, warned of “uncertainty stemming from complex geopolitical conditions, tariffs and trade uncertainty, elevated asset prices and the risk of sticky inflation.”
Dimon added that the US economic system remained resilient, though he pointed to “signs of softening, particularly in job growth.”
JPMorgan labored on some of the yr’s greatest offers this yr, together with the IPOs of Circle and Figma, as properly as personal equity giant Sycamore Partners’ take-private acquisition of Walgreens Boots Alliance.
The outcomes from America’s greatest bank got here sooner or later after the company introduced it could invest some $10 billion in strategic industries.
The new “security and resiliency initiative” would facilitate financing and investment throughout protection and aerospace, vitality independence, and frontier applied sciences such as artificial intelligence and quantum computing.
