JPMorgan Chase & Co., the biggest U.S. bank by assets, reported record third-quarter profit that beat analysts’ estimates as mortgage revenue soared 72%.
Net income rose 34% to $5.71 billion, or $1.40 a share, from $4.26 billion, or $1.02, a year earlier, the New York-based company said today in a statement. Earnings, which included a loss on accounting adjustments, beat the average estimate of $1.20 among 30 analysts surveyed by Bloomberg.
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