JPMorgan Chase posted better-than-expected third quarter earnings Friday, thanks in a part to a surge in net interest income, while warning that geo-political risks have created "the most dangerous time the world has seen in decades." JPMorgan said earnings for the three months ending in September were pegged at $13.15 billion, or $4.33 per share, up 28.9% from the same period last year and firmly ahead of the Street consensus forecast of $3.36 per share. Managed revenues, JPMorgan said, rose 21% to $40.69 billion, just ahead of analysts' estimates of a $39.57 billion tally, while net interest income rose 30% to a record $22.9 billion a result of the higher interest rate environment, offsetting a slump in global dealmaking fees amid a dearth of new listings and takeovers so far this year.
Read full NASCAR article on Yahoo Sports
Read all NASCAR articles