Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
JPMorgan Chase reported better than expected third-quarter profits of $12.9bn, even as the bank prepared for higher loan losses from more indebted borrowers.
The largest US bank’s net income exceeded the $12.1bn expected by analysts but represented a 2 per cent fall on the same quarter in 2023.
JPMorgan set aside $3.1bn for potential loan losses, more than double its…
Read the full article here