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  • JPMorgan Chase reported higher third-quarter earnings Tuesday behind strength in investment banking, avoiding new reserves for bad loans that have plagued recent quarters. The giant US bank reported $9.4 billion in profits, up four percent from the year-ago period as revenues were down slightly at $29.9 billion. Like other large banks, JPMorgan had set aside billions of dollars in bad loans the last two quarters due to the coronavirus. But the bank did not add reserves in the third quarter and in fact released $569 million, boosting results. jmb/bgs
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  • JPMorgan Chase 3Q earnings rise to $9.4 bn, top estimates
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