JPMorgan Chase & Co beat profit expectations on Friday, as a rise in interest income from higher rates cushioned a blow from slumping M&A dealmaking and provisions for bad loans.The major US banks kicked off third-quarter earnings season with their reports on Friday morning, offering a window into the turbulent economy as high and rising interest rates drive uncertainty.While JPMorgan and Citigroup topped analyst expectations for profits, Morgan Stanley, which relies more heavily on dealmaking revenue, disappointed investors with a 30 percent slump in quarterly earnings.
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