JPMorgan posts higher Q3 profit amid trading and investment‑banking surge; Goldman Sachs reports profit surge

JPMorgan reported a rise in quarterly profit, saying strong trading activity and robust investment‑banking fees lifted earnings despite a broader slowdown in corporate dealmaking. The bank attributed the boost to heightened market volatility tied to global interest‑rate doubts and soaring energy costs, and said it remained the leading generator of investment‑banking revenue. JPMorgan chief executive Jamie Dimon flagged hidden economic risks following the earnings release.

Meanwhile, Goldman Sachs posted diluted earnings of $17.01 per share, well above the prior‑year level and analyst expectations, with net revenues of $18.68 billion beating forecasts. Chairman and chief executive David Solomon said client activity stayed robust, and the board discussed a succession scenario in which COO John Waldron could become CEO as early as late 2027.