Daily Management Review

JP Morgan increases net profit for 9 months by 26% to $ 25.4 billion


10/12/2018


Net profit of JP Morgan Chase, one of the world's largest investment banks, increased by 26% in January-September 2018 compared to the same period last year and amounted to $ 25.408 billion, according to an investment bank report.



JPMorgan Chase Building, San Francisco, California. Photo by Ken Lund
JPMorgan Chase Building, San Francisco, California. Photo by Ken Lund
Diluted earnings per share were $ 7 versus $ 5.22 a year earlier. In the reporting period, the revenue of the American investment giant grew by 9% to $ 82.92 billion.

In the third quarter, the bank received a net profit of $ 8.38 billion, which is 24% more in annual terms. Diluted earnings per share were $ 2.34 from $ 1.76 in the reporting period a year earlier.

Analysts believed the figure would be $ 2.25. Quarterly revenue rose 7% to $ 27.26 billion

"JP Morgan Chase showed strong results this quarter, increasing sales revenues in all divisions... The global and American economies continue to grow, despite growing economic and geopolitical uncertainty, which in the future may have a negative impact on the economy," commented the bank’s head Jamie Dimon.

JP Morgan Chase Investment bank was founded in 1799 and is now one of the world leaders in the field of investment banking and trust management. The bank currently operates in more than 60 countries.

source: bloomberg.com






Science & Technology

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

Mars Had Earth-like Salt Lakes

Study: AI is not as profitable as you might think

Porsche, Boeing set to develop flying electric car

Samsung to invest $ 11 billion in new generation displays

US is betting on Nokia and Ericsson to replace Huawei

UPS becomes first to receive full regulatory approval for UAV shipping in USA

World Politics

World & Politics

Argentina finds a way to pay off IMF loan

Sweden closes Assange rape inquiry

Has Chile Put All Its Eggs In One Basket To Turn Towards Renewable Energy?

‘We Are Woefully Underprepared’ As Glaciers Meltdown Leaving Global Water Supply At Risk

US to reconsider medical data security laws

Vale hiding information about problems at Brazilian dams could result in death of 270 people

US Lawmakers Introduce Bill About Xinjiang Uygur Camps In China

European Council agrees to extend Brexit again