Posted 10/13/2023, 3:36:39 PM
JPMorgan Chase Q3 Profit Jumps 35% to $13.15B Despite Dimon's Warning of Economic Instability
- JPMorgan Chase's Q3 profit jumped 35% to $13.15B, fueled by rising interest rates
- CEO Jamie Dimon warned of economic instability due to geopolitics and government inaction
- Dimon cited war in Ukraine, Israel-Palestine conflict, high inflation and deficits as dangers
- JPMorgan remains optimistic on U.S. consumers and economy despite uncertainties
- Wells Fargo and Citigroup also reported higher Q3 profits amid higher interest rates and consumer spending
