JPMorgan Chase delivered a stronger-than-expected performance for the third quarter, posting $5.07 per share in earnings and raising its full-year net interest income forecast. The bank’s total revenue climbed nearly 9% from the same period last year, driven by record trading revenue of about $8.9 billion and a 16% surge in investment banking fees. Trading activity in fixed income, currencies, and commodities helped offset a modest decline in consumer lending. CEO Jamie Dimon noted that business and consumer balance sheets remain healthy, providing stability despite ongoing uncertainty around interest rate cuts and inflation trends.

The bank’s diversified portfolio once again proved its resilience, as corporate dealmaking and capital markets rebounded from last year’s slowdown. JPMorgan now expects its net interest income to reach roughly $95.8 billion in 2025, signaling optimism about steady loan demand even as monetary policy eases. Dimon highlighted that while credit conditions remain benign, the bank continues to build reserves in anticipation of potential macroeconomic softening. The results affirm JPMorgan’s position as a bellwether for the U.S. economy and demonstrate how strong risk management and capital allocation continue to underpin its growth strategy.