JPMorgan Chase & Co. (JPM) , the largest U.S. bank, said third-quarter profit jumped 24% from a year earlier thanks to President Donald Trump’s tax cuts even as revenue in its juggernaut trading business slowed.
Net income rose to $8.38 billion, or $2.34 a share, the New York-based company said Friday, Oct. 12. The result exceeded the $2.26 a share average estimate of 24 analysts in a FactSet survey of 24 analysts.
