09:09 AM EDT, 10/14/2025 (MT Newswires) -- JPMorgan ( JPM ) reported third-quarter results that beat market expectations amid investment banking gains, while Chief Executive Jamie Dimon said the US economy generally "remained resilient" despite signs of softening, especially in the labor market.

The banking giant earned $5.07 a share in the September quarter, up from $4.37 the year before, topping the FactSet-polled consensus of $4.85. Consolidated revenue improved 9% to $46.43 billion, ahead of the Street's view for $45.47 billion.

Net interest income inclined 2% on a managed basis to $24.07 billion. Noninterest revenue jumped 17% to $22.46 billion on a reported basis and 16% on a managed basis to $23.05 billion.

"The firm reported strong results in the third quarter," Dimon said in the earnings release. "Each line of business performed well."

Revenue in the commercial and investment banking segment climbed to $19.88 billion from $17.02 billion in the prior-year period. Investment banking fees gained 16% as equity capital markets and merger and acquisition activity "picked up against a supportive backdrop," according to Dimon. "We continued to benefit from higher client activity and demand for financing in markets," the CEO added.

Dimon noted that the world's largest economy generally remained resilient despite "some signs of a softening, particularly in job growth." Earlier this month, global outplacement firm Challenger Gray & Christmas said US job cuts in 2025 will likely surpass a million for the first time since 2020, while Automatic Data Processing (ADP) reported that US private jobs decreased by 32,000 last month.

Additionally, uncertainty remains elevated amid complex geopolitical conditions, tariffs, higher asset prices, and the "risk of sticky inflation," Dimon said. Trade tensions between the US and China were reignited recently as President Donald Trump threatened to impose 100% duties on Chinese goods, as well as export controls on critical software, effective Nov. 1, after Beijing moved to restrict exports of rare earths minerals. However, Trump appeared to downplay those tensions over the weekend.

"As always, we hope for the best, but these complex forces reinforce why we prepare the firm for a wide range of scenarios," according to Dimon.

Consumer and community banking revenue improved 9% to $19.47 billion in the third quarter, amid gains in banking and wealth management and card services and auto. Corporate revenue dropped 45% to $1.7 billion, while asset and wealth management sales rose to $6.07 billion from $5.44 billion a year ago.

Assets under management advanced 18% to $4.6 trillion amid continued net inflows and higher market levels, JPMorgan ( JPM ) said. The bank's provision for credit losses rose to $3.4 billion from $2.85 billion in the 2024 quarter, including net charge-offs of $2.6 billion and a net reserve build of $810 million.

The lender expects net interest income of about $25 billion for the fourth quarter and roughly $95.8 billion for full-year 2025, according to an earnings presentation. For 2026, the bank anticipates net interest income excluding markets of around $95 billion.