JPMorgan Chase's adjusted revenue for Q3 was $47.12 billion, exceeding expectations.
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Before the U.S. stock market opened on Tuesday, JPMorgan Chase released its third-quarter financial report. The report shows adjusted revenue of $47.12 billion, with an estimate of $45.48 billion. Third-quarter earnings per share were $5.07. JPMorgan Chase’s stock rose 0.5% in pre-market trading.
Specifically, third-quarter equity sales and trading revenue was $3.33 billion, estimated at $3.04 billion. Third-quarter FICC (Fixed Income, Currency, and Commodities) sales and trading revenue was $5.61 billion, estimated at $5.33 billion.
JPMorgan Chase CEO Jamie Dimon stated that the overall U.S. economy remains resilient, but the level of uncertainty is still rising, with some signs of weakness, especially in employment growth.
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