J.P. Morgan Chase & Co. today reported a modest rise in its third-quarter net income, despite the market turmoil.The firm said that third quarter profits were US$3.4 billion, up from US$3.3 billion in the third quarter of 2006. Although, its investment bank’s net income was just US$296 million, down by US$680 million, or 70%, compared […]
Drop driven by lower revenues in fixed income and higher consumer credit costs
Credit market conditions to adversely impact results
Fund sales remain strong
Strong performance from both operating groups
Revenue climbs 9%
Raises dividend to 87¢ a share
Purchase of $2 billion of ABCP to be reflected in Q4 earnings
Earnings reach $64.5 million
Strong third quarter for domestic banking and wealth management