JPMorgan posts higher Q3 profit as trading and investment banking surge

JPMorgan announced net income of $15.3 billion for the three months ended September 30, translating to earnings of $5.57 per share, up from $14.4 billion and $5.07 per share a year prior. The rise reflects robust performance on its trading desks, where heightened market volatility linked to global interest-rate doubts and soaring energy costs boosted activity. Revenue in the markets division, which includes equity and fixed-income trading, grew 15% versus the same period last year.

The bank also maintained its position as the leading generator of investment-banking revenue, with fees rising 14% despite a broader slowdown in corporate dealmaking. Dealogic data confirmed JPMorgan’s continued outperformance, while debt-capital markets benefited from large tech firms raising billions for AI-related growth.