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Earnings: EPS of $1.76 on revenue of $26.2 billion beats rise 6% to $1.67, as revenue increases 3% to $25.38 billion according to Zacks Investment Research.
Net interest income rose 10% to $13.1 billion.
Overall trading revenue dropped 16% to $5.5 billion, with fixed income revenue down 27% and equity market revenue down 4%.
Investment banking revenue fell 2%, while lending revenue rose 17%. Consumer and business banking revenue grew 15%.
Drop in trading was better than expected the 16% drop in overall trading revenue, JPMorgan CEO Jamie Dimon warned last month it could fall 20%.In a statement Thursday, Dimon upbeat on the retail side. He said the bank leads the U.S. in total deposits, adding that U.S. consumers remain healthy and are seeing solid wage growth.
$JPM posted 3Q17 results, with return on common equity of 11%, vs 10% a year ago. Return on tangible common equity stayed at 13%. Net interest income was up 10% to $13.1Bil, primarily driven by the net impact of rising rates and loan growth. Lower Markets revenue pulled the noninterest revenue down 4% to $13.1Bil.
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