US Stock Market Update | Q3 Profits and Revenue Exceed Expectations, JPMorgan Chase Rises Nearly 5%

On Friday, JPMorgan Chase opened high and rose by more than 5% at one point, and as of the time of publication, it had risen by 4.56% to $222.545. On the news front, JPMorgan Chase released its third-quarter financial report before the market opened on Friday. The investment banking revenue in Q3 increased significantly by 31%. Under the loose monetary policy of the Federal Reserve, the company achieved a net interest income (NII) of $23.53 billion in the third quarter, significantly higher than the market's consensus expectation of $22.8 billion, driving both profits and revenues to exceed expectations. JPMorgan Chase stated that it expects NII for the fiscal year 2025 to be around $87 billion