---
title: "Summary of JPMorgan Chase's Third Quarter Report"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/216588507.md"
description: "JPMorgan Chase unexpectedly achieved an increase in net interest income in the third quarter, despite a 50 basis point rate cut by the Federal Reserve. Investment banking fees increased by 31%, while securities traders expect revenue to grow by 27%. CEO Damon indicated that he may not join the future U.S. government, while CFO Barnum pointed out that the U.S. housing market still remains somewhat challenging"
datetime: "2024-10-11T14:57:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/216588507.md)
  - [en](https://longbridge.com/en/news/216588507.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/216588507.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/216588507.md) | [繁體中文](https://longbridge.com/zh-HK/news/216588507.md)


# Summary of JPMorgan Chase's Third Quarter Report

1.  As the largest bank in the United States, JPMorgan Chase unexpectedly saw an increase in Net Interest Income (NII) in the third quarter. Despite the Federal Reserve's significant 50 basis point rate cut in September (potentially starting a rate-cutting cycle), JPMorgan Chase still raised its future (NII/performance) expectations.
2.  Investment banking fees increased by 31%, with securities traders expecting a revenue growth of 27%.
3.  CEO Jamie Dimon stated during an analyst conference call that he may "not" join the future formation of the U.S. government.
4.  JPMorgan Chase CFO Jeremy Barnum mentioned that the U.S. housing market still faces "slightly unsustainable" conditions

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