​JPMorgan Rises After NII, Trading Revenues Jump, Offset By Profit Decline, Unexpected Spike In Credit Loss Reserve – Tyler Durden

JPMorgan Rises After NII, Trading Revenues Jump, Offset By Profit Decline, Unexpected Spike In Credit Loss Reserve Third quarter earnings season officially started this morning when JPMorgan reported earnings just before 7am ET, and unlike last quarter, this time the company not only beat on the top and bottom line (even as loan loss reserves rose again hitting $1 billion), but reported blowout earnings in its investment banking division and also raised its full-year net interest income outlook. That however was eclipsed by an overall drop in profits (Net Income down $0.3BN to $12.9BN), a surprising jump in loan loss…  — Continue at ZeroHedge News : Read More