JPMorgan Profit Misses Estimates -- WSJ
Dow Jones2026/10/13 10:45By Ben Glickman
JPMorgan Chase reported earnings that fell short of Wall Street's expectations after the company saw a slowdown in markets and investment-banking activity.
The nation's largest bank reported a profit of $15.31 billion, or $5.57 a share, in the third quarter. Analysts polled by FactSet were expecting per-share earnings of $5.93.
JPMorgan's revenue rose 8% from a year earlier to $50.17 billion, falling short of the $51.23 billion expected by Wall Street analysts.
The results were hit by a $658 million loss on investment securities on the bank's books.
Chief Executive Jamie Dimon said in a statement that client activity among the bank's markets and investment-banking clients moderated during the quarter from the strong second quarter.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
October 13, 2026 06:45 ET (10:45 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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