Bank Stock Eyes Record Highs After Earnings
JP MORGAN CHASE(JPM) Schaeffers Investment Research·2024-10-11 22:18
JPMorgan Chase & Co (NYSE:JPM) took to the earnings confessional this morning, where it reported third-quarter earnings per shares of $4.37 on revenue of $43.32 billion, both of which beat Wall Street's expectations. Helping the banking giant's results was higher-than-expected interest income, as well as consistent record net income numbers since the Federal Reserve began its rate-hiking campaign in 2022.In response to the report, JPM was last seen 4% higher at $221.41. This bull gape puts the security with ...