JPMorgan Chase Beats Estimates On Strong Trading Results, Lower Loan Loss Provision
By Noor Zainab Hussain and David Henry. -JPMorgan Chase& Co comfortably beat Wall Street estimates for third-quarter profit on Tuesday as the largest U.S. bank gained from a boom in trading in financial markets and set aside virtually no provisions for loan losses. Trading was another bright spot for the quarter, even as the pandemic decimated the U.S. economy,…
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