JPMorgan Chase dépasse les attentes dans son rapport sur les résultats du troisième trimestre 3
JPMorgan figures for Q3 2023 exceeded expectations like it did in Q2. However, figures like revenue and EPS were higher last quarter. JPMorgan Chase (NYSE: JPM) has published an earnings report for the years third quarter. The reported figures show that JPMorgan scaled analysts expectations for profit in Q3 2023. JPMorgan Q3 2023 JPMorgan reported earnings per share (EPS) at $4.33 for the quarter, higher than the estimated $3.86. The bank also said its profit jumped to $13.15 billion, 35% higher than figures reported the year before. Company revenue also hit $40.69 billion, higher than the $39.63 estimate from the London Stock Exchange Group (LSEG). In addition, JPMorgan also beat estimates for total deposits, at $2.38 trillion over $2.37 trillion, in addition to an 18% return on equity over the estimated 16%. The companys return on tangible common equity came in at 22% over the 19.7% estimated, while book value per share was $100.30 and tangible book value per share was $82.04. JPMorgan‘s Q3 non-interest expenses were at $21.76 billion, lower than the estimated $21.78 billion. Also, the company’s provision for credit losses was $1.38 billion, much less than the estimated $2.49 billion. Overall, the adjusted revenue for Q3 2023 came in at $40.69 billion,