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JP MORGAN SHARES RISE AMID STRONG QUARTER; US RESULTS

Oct 16, 2019 - City A.M.

Shares in JP Morgan rose almost 3.5 per cent yesterday after strong trading in its consumer division helped drive third-quarter profit growth. The bank posted net profit of $9.1bn (£7.2bn) or $2.68 per share, up eight per cent on last year and ahead of analysts' estimates. Revenue also rose eight per cent to hit $30.1bn. Only commercial banking suffered a decline, as low interest rates took their toll on trading.