Bank of America posted third quarter earnings that surpassed analyst estimates, as profits across the the firm's various businesses rose, led by a 34% surge in earnings from its trading division.
JPMorgan Chase posted fourth quarter earnings results that should reassure investors spooked by a sharp selloff in global markets that business and consumer activity in the United States remains strong.
JPMorgan had a huge second quarter. The firm, which is the first bulge-bracket bank to report earnings, beat analyst expectations in both trading and investment banking. One business that had a particularly strong quarter was fixed ...
JPMorgan Chase shrugged off June's Brexit vote, posting better than expected second quarter earnings results, led by stronger than forecast trading activity and continued growth at the bank's consumer business.
The Wall Street firm's revenue more than doubled in the third quarter, to $8.35 billion, helped by its powerful trading business, exceeding the estimates of Wall Street analysts.