JPMorgan Q3 profits rise, underpinned by investment banking

(Sharecast News) - JPMorgan posted a jump in third-quarter profits on Tuesday, boosted by its investment banking division. Net income rose 12% from the same period a year earlier to $14.4bn, with investment banking fees up 16% at $2.6bn, driven by higher fees across all products.

Group net revenue increased 9% to $47.1bn.

Chairman and chief executive Jamie Dimon said: "While there have been some signs of a softening, particularly in job growth, the US economy generally remained resilient. However, there continues to be a heightened degree of uncertainty stemming from complex geopolitical conditions, tariffs and trade uncertainty, elevated asset prices and the risk of sticky inflation.

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