JPMorgan posts highest net interest income ever in Q3, raises guidance for year
The firm reaps rewards from the Federal Reserve's interest rate hike while expenses also came in lower than analysts expected, driving a profit beat.
JPMorgan Chase & Co. reported its highest quarterly net interest income ever and raised its guidance for the year as the biggest U.S. bank reaps rewards from the Federal Reserve’s interest rate hikes.
The firm generated $17.6 billion in third quarter net interest income, the money it earns
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