Overview

* Largest U.S. bank JPMorgan ( JPM ) Q3 revenue grows 9% yr/yr, beating analyst expectations, per LSEG data

* Net income for Q3 up 12% yr/yr to $14.4 bln

* Company repurchased $8 bln of common stock

Outlook

* Company notes heightened uncertainty due to geopolitical conditions and trade issues

* JPMorgan ( JPM ) highlights resilience of U.S. economy despite signs of softening

* Company prepares for a wide range of economic scenarios due to uncertainties

Result Drivers

* NONINTEREST REVENUE - Higher noninterest revenue, particularly from asset management and investment banking fees, contributed to revenue growth

* MARKETS REVENUE - Markets revenue increased 25% due to strong performance in Fixed Income and Equity Markets

* CARD SERVICES & AUTO - Increased revenue from card services and auto contributed to growth in the Consumer & Community Banking segment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $46.42 $45.38

Revenue bln bln (13

Analysts

)

Q3 EPS $5.07

Q3 Net $14.39

Income bln

Q3 Net $24.10

Interest bln

Income

Q3 $3.40

Credit bln

Loss

Provisio

n

Q3 ROCE 17%

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for JPMorgan Chase & Co ( JPM ) is $330.00, about 6.7% above its October 13 closing price of $307.97

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)