From Reuters via Yahoo Finance:
JPMorgan Chase's profit rose in the third quarter as it reaped a windfall from surging interest payments and the acquisition of failed First Republic Bank, largest U.S. lender reported on Friday.
Chief Executive Officer Jamie Dimon reiterated that although U.S. consumers remain healthy, several geopolitical factors including the war in Ukraine and conflict in Israel could keep inflation at elevated levels.
"This may be the most dangerous time the world has seen in decades," he said.
Shares of the bank fell 0.7% in premarket trading.
The lender reported a profit of $13.15 billion, or $4.33 per share, for the three months ended Sept. 30. That compares with $9.74 billion, or $3.12 per share, a year earlier....
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Also at Yahoo Finance:
JPMorgan asserts dominance as profits surge 35%
